Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 740

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 7
Chunk 740
---
     335 
  
    Total current assets 
     20,259  
     23,538 

    Property and equipment,
    net 
     1,594  
     1,803 
  
    Deferred tax asset 
     —  
     499 
  
    Operating lease right-of-use
    assets 
     558  
     751 
  
    Federal tax deposit 
     28  
     213 
  
    Intangible assets, net 
     684  
     792 
  
    Deposits 
     19  
     19 
  
    Deferred
    financing costs 
     236  
     — 
  
    Total
    assets 
    $23,378  
    $27,615 

    LIABILITIES AND STOCKHOLDERS’
    EQUITY 

    Current liabilities: 

    Line of credit 
    $8,413  
    $8,026 

    Accounts payable 
    6,453  
    7,050 
  
    Accrued expenses 
     1,720  
     2,789 
  
    Operating lease liability,
    current 
     213  
     195 
  
    Notes
    payable, current portion 
     —  
     75 
  
    Total
    current liabilities 
     16,799  
     18,135 

    Operating lease liability,
    net of current portion 
     373  
     545 
  
    Notes
    payable to Stauss Family Administrative Trust, net of current portion 
     676  
     667 
  
    Total
    liabilities 
     17,848  
     19,347 

    Commitments and Contingencies
    (Note 14) 
     -   
     -  

    Stockholders’ equity: 

    Common stock; at $0.0001 par value, 200,000,000
    shares authorized, 10,306,426 and 10,016,936 shares issued and outstanding as of March 31, 2025 and March 31, 2024, respectively 
     1  
     1 
  
    Additional paid-in capital 
     8,532  
     — 
  
    Accumulated other comprehensive
    loss 
     (347) 
     (187)