Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 45

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 45
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 June 30, 2025 | ​ 
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 December 31, 2024 | ​ 
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 December 31, 2023 |
|:--------------------------------------------------------------------------------------------------------------------------|:--|:--|--------------:|:--|:--|------------------:|:--|:--|------------------:|
| Assets                                                                                                                    | ​ | ​ |             ​ | ​ | ​ |                 ​ | ​ | ​ |                 ​ |
| Current assets:                                                                                                           | ​ | ​ |             ​ | ​ | ​ |                 ​ | ​ | ​ |                 ​ |
| Cash and cash equivalents                                                                                                 |   | $ |       906,000 |   | $ |         1,759,000 | ​ | $ |        16,077,000 |
| Accounts receivable - net of allowances for credit losses of $122, $137, and $-0-, respectively                           |   | ​ |     5,124,000 |   | ​ |         2,243,000 | ​ | ​ |                 — |
| Receivable from escrow account                                                                                            | ​ | ​ |             — | ​ | ​ |                 — | ​ | ​ |           200,000 |
| Inventories                                                                                                               |   | ​ |     6,697,000 |   | ​ |        13,370,000 | ​ | ​ |                 — |
| Prepaid expenses and other current assets                                                                                 |   | ​ |     2,122,000 |   | ​ |         1,466,000 | ​ | ​ |            52,000 |
| Other current assets related to discontinued operations                                                                   | ​ | ​ |             — | ​ | ​ |                 — | ​ | ​ |           292,000 |
| Total current assets                                                                                                      | ​ | ​ |    14,849,000 | ​ | ​ |        18,838,000 | ​ | ​ |        16,621,000 |
| Noncurrent assets                                                                                                         | ​ | ​ |             ​ | ​ | ​ |                 ​ | ​ | ​ |                 ​ |
| Property and equipment, net                                                                                               |   | ​ |    11,433,000 |   | ​ |        11,316,000 | ​ | ​ |            35,000 |
| Equity-method investment                                                                                                  |