Company: MITQ
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001770236-25-000008
Chunk: 1

Company: MOVING iMAGE TECHNOLOGIES INC.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ITEM 1.FINANCIAL STATEMENTS

MOVING IMAGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands except share and per share amounts)

​

​​​​​​​​​    December 31,​June 30,     ​​2024    2024​​​(unaudited)​​​​Assets ​   ​   Current Assets: ​   ​   Cash​$ 5,316​$ 5,278​Accounts receivable, net​  749​  1,048​Inventories, net​  2,121​  3,117​Prepaid expenses and other ​  202​  470​Total Current Assets​  8,388​  9,913​Long-Term Assets:​   ​   ​Right-of-use asset​​ 1,206​​ 144​Property and equipment, net​  21​  28​Intangibles, net​  393​  422​Other assets​  23​  16​Total Long-Term Assets​  1,643​  610​Total Assets​$ 10,031​$ 10,523​​​ ​​   ​Liabilities And Stockholders’ Equity​   ​   ​Current Liabilities:​   ​   ​Accounts payable​$ 1,642​$ 2,261​Accrued expenses​  406​  320​Customer refunds​​ 423​​ 399​Customer deposits​  1,057​  1,651​Lease liability–current​  206​  151​Unearned warranty revenue ​  65​  31​Total Current Liabilities​  3,799​  4,813​​​   ​   ​Long-Term Liabilities:​   ​   ​Lease liability–non-current​  1,037​  —​Total Long-Term Liabilities​  1,037​  —​Total Liabilities​  4,836​  4,813​Stockholders’ Equity​ ​​ ​​Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,896,850 and 9,896,850 shares issued and outstanding at December 31