Company: HSDTW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001558370-25-011568
Chunk: 1

Company: Solana Co
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1C
Chunk 1
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ITEM 1. Condensed Consolidated Financial Statements

Helius Medical Technologies, Inc.

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share data)

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​​​​​​​​​June 30, 2025​December 31, 2024ASSETS​​   ​  Current assets​​   ​  Cash and cash equivalents​$ 6,078​$ 1,088Accounts receivable​  12​  70Other receivables​  82​  565Inventory, net​  1,141​  1,036Prepaid expenses and other current assets​  490​  665Total current assets​  7,803​  3,424Property and equipment, net​  90​  107Operating lease right-of-use asset, net​  —​  11​​ ​​ ​Total assets​$ 7,893​$ 3,542LIABILITIES AND STOCKHOLDERS’ EQUITY​ ​​  ​Current liabilities​   ​  ​Accounts payable​$ 1,292​$ 873Accrued and other current liabilities​  472​  1,239Current portion of operating lease liabilities​  —​  12Current portion of deferred revenue​  41​  39Total current liabilities​  1,805​  2,163Deferred revenue, net of current portion​  62​  79Derivative liability​​ —​​ 241Total liabilities​  1,867​  2,483Stockholders' equity​   ​  ​Class A common stock, $0.001 par value; 150,000,000 shares authorized; 680,475 and 4,936 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively​  1​  —Additional paid-in capital​  191,690​  172,425Accumulated deficit​  (185,370)​  (171,699)Accumulated other comprehensive loss​  (295)​  333Total stockholders' equity​  6,026​  1,059Total liabilities and stockholders' equity​$ 7,893​$ 3,542

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The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

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