Company: OMQS
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010783
Chunk: 0

Company: OMNIQ Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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OMNIQ CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

    March 31, 2025  
    December 31, 2024 

    (In thousands, except share and per share data) 
    As of 

    March 31, 2025  
    December 31, 2024 

    (UNAUDITED)  

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $2,712  
    $2,349 
  
    Accounts receivable, net 
     15,798  
     20,945 
  
    Inventory, net 
     4,326  
     7,405 
  
    Prepaid expenses 
     1,089  
     1,085 
  
    Other current assets 
     103  
     96 
  
    Total current assets 
     24,028  
     31,880 

    Property and equipment, net of accumulated depreciation 
     684  
     721 
  
    Goodwill 
     2,862  
     2,918 
  
    Trade name, net of accumulated amortization 
     1,120  
     1,187 
  
    Customer relationships, net of accumulated amortization 
     2,909  
     3,115 
  
    Other intangibles, net of accumulated amortization 
     384  
     410 
  
    Right of use lease asset 
     884  
     1,076 
  
    Other assets 
     2,239  
     2,282 
  
    Total Assets 
    $35,110  
    $43,589 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued liabilities 
    $64,850  
    $66,097 
  
    Line of credit 
     269  
     535 
  
    Accrued payroll and sales tax 
     2,774  
     2,903 
  
    Notes payable – current portion 
     7,857  
     8,512 
  
    Lease liability – current portion 
     632  
     701 
  
    Other current liabilities 
     2,808  
     7,575 
  
    Total current liabilities