Company: HSDTW
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001558370-25-006120
Chunk: 0

Company: Solana Co
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. Condensed Consolidated Financial Statements

Helius Medical Technologies, Inc.

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share data)

​

​​​​​​​​​March 31, 2025​December 31, 2024ASSETS​​   ​  Current assets​​   ​  Cash and cash equivalents​$ 1,109​$ 1,088Accounts receivable, net ​  —​  70Other receivables​  502​  565Inventory, net​  1,113​  1,036Prepaid expenses and other current assets​  661​  665Total current assets​  3,385​  3,424Property and equipment, net​  99​  107Operating lease right-of-use asset, net​  —​  11Total assets​$ 3,484​$ 3,542LIABILITIES AND STOCKHOLDERS’ EQUITY​ ​​  ​Current liabilities​   ​  ​Accounts payable​$ 1,231​$ 873Accrued and other current liabilities​  733​  1,239Current portion of operating lease liabilities​  —​  12Current portion of deferred revenue​  39​  39Total current liabilities​  2,003​  2,163Deferred revenue, net of current portion​  69​  79Derivative liability​​ 132​​ 241Total liabilities​  2,204​  2,483Commitments and contingencies (Note 9)​   ​  ​Stockholders' equity​   ​  ​Class A common stock, $0.001 par value; 150,000,000 shares authorized; 6,126,778 and 3,728,172 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively​  6​  4Additional paid-in capital​  174,686​  172,421Shares to be issued, 2,678,000 shares of Class A common stock as of March 31, 2025 (Note 6)​​ 1,843​​ —Accumulated deficit​  (175,537)​  (171,699)Accumulated other comprehensive loss​  282​  333Total stock