Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 649

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 5
Chunk 649
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     213 
  
    Intangible assets, net 
     684  
     792 
  
    Deposits 
     19  
     19 
  
    Deferred financing costs 
     236  
     — 
  
    Total assets 
    $23,378  
    $27,615 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities: 

    Line of credit 
    $8,413  
    $8,026 
  
    Accounts payable 
     6,453  
     7,050 
  
    Accrued expenses 
     1,720  
     2,789 
  
    Operating lease liability, current 
     213  
     195 
  
    Notes payable, current portion 
     —  
     75 
  
    Total current liabilities 
     16,799  
     18,135 

    Operating lease liability, net of current portion 
     373  
     545 
  
    Notes payable to Stauss Family Administrative Trust, net of current portion 
     676  
     667 
  
    Total liabilities 
     17,848  
     19,347 

    Commitments and Contingencies (Note 14) 

    Stockholders’ equity: 

    Common stock; at $0.0001 par value, 200,000,000 shares authorized, 10,306,426 and 10,016,936 shares issued and outstanding as of March 31, 2025 and March 31, 2024, respectively 
     1  
     1 
  
    Additional paid-in capital 
     8,532  
     — 
  
    Accumulated other comprehensive loss 
     (347) 
     (187)
  
    (Accumulated deficit) Retained earnings 
     (4,297) 
     6,762 
  
    Total equity attributable to ZRCN Inc. stockholders 
     3,889  
     6,576 
  
    Non-controlling interests in variable interest entities 
     1,641  
     1,692 
  
    Total stockholders’ equity 
     5,530  
     8,268 
  
    Total liabilities and stockholders’ equity 
    $23,378  
    $27,615