Company: GSIT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010923
Chunk: 3

Company: GSI TECHNOLOGY INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 3
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Item 1.Financial Statements (unaudited)

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 GSI TECHNOLOGY, INC.

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CONDENSED CONSOLIDATED BALANCE SHEETS

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(Unaudited)

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​​​​​​​​​​June 30, ​March 31, ​​​2025  2025    ​​(In thousands, except shareand per share amounts)​ASSETS​​​​​​​Cash and cash equivalents   $ 22,725    $ 13,434​Accounts receivable, net​  1,587​  3,169​Inventories​  3,763​  3,891​Prepaid expenses and other current assets ($375 and $375 from a related party)​​ 3,012​  2,961​Total current assets​  31,087​  23,455​Property and equipment, net​  722​  808​Operating lease right-of-use assets​​ 9,232​​ 9,547​Goodwill​​ 7,978​​ 7,978​Intangible assets, net​​ 1,264​​ 1,323​Deposits​  222​  206​Total assets $ 50,505 $ 43,317​LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​​​​Accounts payable ($16 and $8 to a related party) $ 743 $ 991​Lease liabilities, current​​ 1,615​​ 1,642​Accrued expenses and other liabilities​  3,014​  4,441​Total current liabilities​  5,372​  7,074​Deferred tax liability​  16​  16​Lease liabilities, non-current​​ 7,743​​ 8,001​Total liabilities​  13,131​  15,091​Commitments and contingencies (Note 9)​​​​​​​Stockholders’ equity:​​​​​​​Preferred stock: $0.001 par value authorized: 5,000,000 shares; issued and outstanding: none​  —​  —​Common Stock: $0.001 par value authorized: 150,000,000 shares; issued and outstanding: 29,090,626 and 25,605,973 shares, respectively​  29​  26​Additional paid-in capital​