← Xiao-I Corp

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $1.3m $1.0m $1.6m $847k $2.3m
Prepaid Expense and Other Assets, Current $389k $461k $5.2m $793k $1.3m
Accounts receivable, net $31.2m $41.4m $28.3m $55.5m $6.3m
Prepaid expenses and other current assets, net $389k $461k $5.2m $793k $1.3m
Prepaid expenses and other non-current assets $3.9m $3.7m $7.0m $3.7m $3.7m
Allowance For Doubtful Accounts Receivable — ($4.5m) ($4.0m) ($2.7m) ($49.8m)
Cash Cash Equivalents And Short Term Investments — $1.0m $1.6m $847k $2.3m
Gross Accounts Receivable — $45.8m $32.4m $58.2m $56.1m
Non Current Prepaid Assets — $3.6m $3.6m $3.5m $3.7m
Other Current Assets — $87k $142k $55k $1.0m
Other Receivables — $360k $2.3m $2.0m $1.8m
Prepaid Assets — $1.1m $3.8m $5.7m $2.6m
Receivables Adjustments Allowances — — $0 ($4.0m) ($4.2m)
Taxes Receivable — $0 $94k $297k $161k
Inventory, Net $769k $768k $68k $14k $0
Assets, Current $35.8m $48.4m $38.1m $76.5m $11.9m
Total current assets $35.8m $48.4m $38.1m $76.5m $11.9m
Long-term investments $335k $2.9m $2.7m $2.5m —
Property, Plant and Equipment, Net $208k $219k $2.1m $1.9m $142k
Intangible Assets, Net (Excluding Goodwill) $798k $637k $212k $143k $114k
Goodwill And Other Intangible Assets — $637k $212k $143k $114k
Operating Lease, Right-of-Use Asset $1.2m $865k $2.4m $833k $62k
Right of use assets $1.2m $865k $2.4m $833k $62k
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $31.2m $41.4m $28.3m $55.5m $6.3m
Accrued Liabilities, Current — — $2.0m $3.1m $3.0m
Restricted cash — $0 $21k $0 $117k
Amounts due from related parties, current — $347k $17.7m $45.6m $39.5m
Contract costs $1.7m $2.0m $1.7m $2.5m $1.8m
Advance to suppliers $90k $1.1m $1.1m $3.2m $36k
Short-term borrowings $9.1m $18.8m $26.8m $32.9m $29.2m
Amount due to related parties, current — — $705k $217k $70k
Convertible loans $5.7m $3.8m — $217k $2.0m
Accrued expenses and other current liabilities $10.3m $17.0m $13.9m $23.3m $29.9m
Lease liabilities, current $801k $435k $930k $484k $40k
Amount due to related parties, non-current — — $7.9m $7.3m $7.6m
Lease liabilities, non-current $446k $301k $1.5m $296k $18k
Ordinary shares (par value of $0.00005 per share; 1,000,000,000 shares and 1,000,000,000 shares authorized as of December 31, 2024 and 2025, respectively; 31,949,038 shares and 55,235,284 shares issued and outstanding as of December 31, 2024 and 2025, respectively) 1k 1k 185 185 185
Statutory reserve $237k $237k $237k $237k $237k
XIAO-I CORPORATION shareholders’ deficit ($189k) ($5.9m) ($4.9m) ($12.2m) ($100.6m)
Non-controlling interests ($3.2m) ($3.1m) ($3.6m) ($3.6m) ($4.3m)
Accumulated Depreciation — ($254k) ($447k) ($917k) ($435k)
Available For Sale Securities $335k $2.9m $2.7m $2.5m —
Capital Lease Obligations — $736k $2.4m $780k $58k
Construction In Progress $2k $0 — — —
Current Accrued Expenses — $2.1m $356k $492k $1.6m
Current Capital Lease Obligation — $435k $930k $484k $40k
Current Debt — $29.0m $31.8m $42.5m $41.6m
Current Debt And Capital Lease Obligation — $29.5m $32.7m $43.0m $41.6m
Current Deferred Assets — $3.3m $1.7m $2.5m $1.8m
Current Deferred Liabilities — $2.6m $1.7m $2.4m $2.8m
Duefrom Related Parties Current — $347k $0 $13.6m $21k
Duefrom Related Parties Non Current — $0 $13.9m $0 —
Dueto Related Parties Current — $896k $705k $217k $70k
Dueto Related Parties Non Current — $8.6m $7.9m $7.3m $7.6m
Gross PPE — $1.3m $5.0m $3.6m $639k
Income Tax Payable $18k $0 — — —
Interest Payable — $2.1m $356k $492k $1.6m
Invested Capital — $26.4m $29.6m $32.9m ($53.8m)
Investmentin Financial Assets — $2.9m $2.7m $2.5m $0
Investments And Advances — $2.9m $2.7m $2.5m $0
Leases — $64k $183k $100k $141k
Line Of Credit — $18.8m $26.8m $32.9m $29.2m
Long Term Capital Lease Obligation — $301k $1.5m $296k $18k
Machinery Furniture Equipment — $241k $2.1m $2.4m $396k
Net Debt — $31.3m $32.9m $44.2m $44.4m
Net PPE — $1.1m $4.6m $2.7m $204k
Net Tangible Assets — ($6.5m) ($5.1m) ($12.3m) ($100.7m)
Non Current Accrued Expenses $5.2m $0 $458k $0 —
Non Current Deferred Assets $4.9m $3.9m $0 — —
Non Current Deferred Taxes Assets $4.9m $3.9m $0 — —
Ordinary Shares Number — $22.1m $24.0m $31.6m $55.2m
Other Current Borrowings — $10.2m $5.0m $9.7m $12.4m
Other Current Liabilities — $892k $2.0m $3.1m $3.0m
Other Equity Adjustments — ($3.0m) ($2.8m) ($2.6m) ($4.1m)
Other Non Current Assets — $66k $402k $177k $2k
Other Payable — $4.7m $3.3m $5.8m $10.2m
Other Properties — $1.0m $2.7m $1.1m $102k
Properties — $0 $0 $0 $0
Share Issued — $22.1m $24.0m $31.9m $55.2m
Tangible Book Value — ($6.5m) ($5.1m) ($12.3m) ($100.7m)
Tradeand Other Payables Non Current — $4.8m $4.6m $4.5m $4.7m
Working Capital — ($4.2m) ($19.6m) ($10.1m) ($91.4m)
Total non-current assets $11.4m $12.2m $28.3m $9.0m $4.0m
Total non-current liabilities $14.5m $17.0m $17.1m $14.7m $17.5m
Total shareholders’ deficit ($3.4m) ($9.0m) ($8.5m) ($15.8m) ($104.9m)
Total Capitalization — ($2.6m) ($2.2m) ($9.7m) ($95.4m)
Total Debt — $33.1m $36.9m $45.9m $46.8m
Total Tax Payable — $2.9m $3.2m $4.5m $4.8m
Assets $47.2m $60.6m $66.3m $85.5m $15.9m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current $801k $435k $930k $484k $40k
Accounts Payable, Current $5.6m $9.2m $13.7m $27.1m $39.2m
Operating Lease, Liability, Noncurrent $446k $301k $1.5m $296k $18k
Long-term Debt, Excluding Current Maturities — $3.3m $2.7m $2.5m $1.4m
Deferred Revenue, Current $3.0m $2.6m $1.7m $2.4m $2.8m
Accrued liabilities, non-current $5.2m $8.1m $7.8m $7.0m $8.5m
Payables And Accrued Expenses — $19.7m $21.3m $38.1m $55.9m
Liabilities, Current $36.1m $52.6m $57.7m $86.6m $103.3m
Total current liabilities $36.1m $52.6m $57.7m $86.6m $103.3m
Other Liabilities, Noncurrent — — $4.6m — —
Long Term Debt And Capital Lease Obligation — $3.6m $4.1m $2.8m $5.2m
Deferred Tax Liabilities, Net $9.0m $3.4m — — —
Liabilities $50.6m $69.6m $74.8m $101.3m $120.8m
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $47.2m $60.6m $66.3m $85.5m $15.9m
Stockholders’ equity:
Preferred Stock, Value, Issued — $0 $185 $185 $185
Common Stock, Value, Issued $1k $1k $1k $2k $3k
Additional Paid in Capital $75.6m $75.6m $108.7m $115.7m $130.1m
Retained Earnings (Accumulated Deficit) ($72.6m) ($78.5m) ($110.8m) ($125.3m) ($226.6m)
Accumulated Other Comprehensive Income (Loss), Net of Tax ($3.5m) ($3.3m) ($3.0m) ($2.8m) ($4.4m)
Accumulated other comprehensive loss ($3.5m) ($3.3m) ($3.0m) ($2.8m) ($4.4m)
Capital Stock — $1k $1k $2k $3k
Gains Losses Not Affecting Retained Earnings — ($3.0m) ($2.8m) ($2.6m) ($4.1m)
Preferred Stock Equity — — $185 $185 $185
Stockholders' Equity Attributable to Parent ($189k) ($5.9m) ($4.9m) ($12.2m) ($100.6m)
Stockholders' Equity Attributable to Noncontrolling Interest ($3.2m) ($3.1m) ($3.6m) ($3.6m) ($4.3m)
Minority Interest — ($3.1m) ($3.6m) ($3.6m) ($4.3m)
Total Equity Gross Minority Interest — ($9.0m) ($8.5m) ($15.8m) ($104.9m)
Total Non Current Liabilities Net Minority Interest — $17.0m $17.1m $14.7m $17.5m
Liabilities and Equity $47.2m $60.6m $66.3m $85.5m $15.9m

Amounts are shown in USD as reported in each fiscal year filing.