Company: VUZI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001104659-25-111263
Chunk: 1

Company: Vuzix Corp
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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Item 1: Consolidated Financial Statements

VUZIX CORPORATION

CONSOLIDATED BALANCE SHEETS

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​​​​​​​​​(Unaudited)    ​​​​September 30, ​December 31,​    2025    2024ASSETS ​   ​  Current Assets ​   ​  Cash and Cash Equivalents​$ 22,608,529​$ 18,186,506Accounts Receivable, net of allowance for credit losses of $46,000 at September 30, 2025 and $89,000 at December 31, 2024​  1,025,534​  1,609,718Accrued Revenues in Excess of Billings​  430,089​  673,498Inventories, Net​  2,895,409​  4,813,226Manufacturing Vendor Prepayments​  155,813​  372,081Prepaid Expenses and Other Assets​  1,114,743​  1,067,461​​​​​​​Total Current Assets​  28,230,117​  26,722,490​​​​​​​Long-Term Assets​   ​   Fixed Assets, Net​  8,495,806​  7,584,284Operating Lease Right-of-Use Assets, Net​​ 1,134,011​​ 494,236Patents and Trademarks, Net​  3,233,627​  2,998,760Technology Licenses, Net​  610,240​  761,043Other Assets, Net​  769,441​  844,445​​​​​​​Total Assets​$ 42,473,242​$ 39,405,258​​​​​​​LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY​ ​​   Current Liabilities​   ​   Accounts Payable​$ 1,071,078​$ 538,221Unearned Revenue​  100,785​  125,901Accrued Expenses​  2,229,842​  945,752Other Taxes Payable​  52,055​  8,163Operating Lease Right-of-Use Liabilities​​ 500,911​​ 494,