Company: LDWY
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001104659-25-109207
Chunk: 1

Company: LENDWAY, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1. Financial Statements

Lendway, Inc. and Subsidiaries

CONDENSED CONSOLIDATED BALANCE SHEETS

Values are rounded to the nearest thousand dollars and thousand shares

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​​​​​​​​​September 30, 2025​June 30, 2025​​(Unaudited)​​​Assets​​​​​​Current assets:​​​​​​Cash and cash equivalents $ 1,840,000 $ 906,000Accounts receivable - net of allowances for credit losses of $122 and $122, respectively ​ 2,347,000 ​ 5,124,000Inventories ​ 18,799,000 ​ 6,697,000Prepaid expenses and other current assets ​ 2,428,000 ​ 2,122,000Total current assets​​ 25,414,000​​ 14,849,000Noncurrent assets​​​​​​Property and equipment, net ​ 11,056,000 ​ 11,433,000Equity-method investment ​ 240,000 ​ 216,000Goodwill ​ 11,138,000 ​ 11,128,000Intangible assets, net ​ 24,425,000 ​ 24,806,000Operating lease right-of-use assets ​ 31,971,000 ​ 32,306,000Finance lease right-of-use assets ​ 547,000 ​ 310,000Long-term receivable ​ 240,000 ​ 240,000Other assets​​ —​​ 814,000Total noncurrent assets​​ 79,617,000​​ 81,253,000Total assets​$ 105,031,000​$ 96,102,000Liabilities and Stockholders’ equity​   ​   Current liabilities:​   ​   Accounts payable​$ 4,648,000​$ 1,748,000Accrued compensation​  326,000​  385,000Accrued expenses and other current liabilities​  3,508,000​  4,934,000Current portion of operating lease liabilities​  1,249,000​  1,184,000Current portion of finance lease liabilities​  117,000​  71,000Current portion of debt​  1,895,000​  1