Financial stability is increasingly precarious, evidenced by an accumulated deficit of $22.1 million and a reliance on goodwill for 54% of the $3.5 million total asset base.
| Total Current Assets | 1.4M | 7.29M | 2.72M | 7.57M | 459.18K |
| Cash & Short-Term Investments | 811.92K | 6.77M | 2.23M | 7.36M | 121.39K |
| Cash Only | 811.92K | 6.71M | 2.23M | 7.36M | 121.39K |
| Short-Term Investments | 0 | 63.07K | 0 | 0 | 0 |
| Accounts Receivable | 372.42K | 181.58K | 259.69K | 197.3K | 248.66K |
| Days Sales Outstanding | 23.55 | 4.74 | 12.04 | 10.3 | 47.32 |
| Inventory | 81.59K | 163.99K | 146.38K | 51.49K | 69.72K |
| Days Inventory Outstanding | 4.63 | 5.24 | 7.87 | 3.72 | 12.01 |
| Other Current Assets | 51.83K | 64.51K | 0 | -63.85K | -66.18K |
| Total Non-Current Assets | 2.09M | 661.56K | 724.73K | 153.78K | 234.74K |
| Property, Plant & Equipment | 238.12K | 586.65K | 422.65K | 65.96K | 101.35K |
| Fixed Asset Turnover | 24.24x | 23.81x | 18.63x | 105.96x | 18.93x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.85M | 18.95K | 70.78K | 122.22K | 178.76K |
| Long-Term Investments | 0 | 41.29K | 60.55K | 0 | 0 |
| Other Non-Current Assets | 0 | 14.67K | 170.74K | -34.4K | -45.77K |
| Total Assets | 3.49M | 7.95M | 3.44M | 7.73M | 693.92K |
| Asset Turnover | 1.65x | 1.76x | 2.29x | 0.90x | 2.76x |
| Asset Growth % | -56.08% | 130.95% | -55.46% | 1013.73% | - |
| Total Current Liabilities | 1.33M | 3.16M | 2.5M | 1.27M | 486.1K |
| Accounts Payable | 683.74K | 1.23M | 672.15K | 402.91K | 262.14K |
| Days Payables Outstanding | 38.8 | 39.38 | 36.14 | 29.1 | 45.16 |
| Short-Term Debt | 133.28K | 35.37K | 26.91K | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 96.55K | 0 |
| Other Current Liabilities | 471.79K | 418.94K | 659.75K | 400.91K | 132.66K |
| Current Ratio | 1.06x | 2.31x | 1.09x | 5.97x | 0.94x |
| Quick Ratio | 0.99x | 2.26x | 1.03x | 5.93x | 0.80x |
| Cash Conversion Cycle | -10.62 | -29.4 | -16.23 | -15.08 | 14.17 |
| Total Non-Current Liabilities | 110.6K | 652.87K | 1.31M | 1.05M | 6.3M |
| Long-Term Debt | 110.6K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 135.92K | 241.18K | 19.95K | 48.61K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 516.95K | 1.07M | 1.03M | 6.26M |
| Total Liabilities | 1.44M | 3.81M | 3.81M | 2.32M | 5.18M |
| Total Debt | 243.87K | 411.38K | 422.7K | 59.12K | 81.72K |
| Net Debt | -568.05K | -6.3M | -1.8M | -7.3M | -39.68K |
| Debt / Equity | 0.12x | 0.10x | - | 0.01x | - |
| Debt / EBITDA | - | - | - | 0.26x | - |
| Net Debt / EBITDA | - | - | - | -31.81x | - |
| Interest Coverage | - | - | - | - | -32871.21x |
| Total Equity | 2.05M | 4.14M | -271.32K | 8.44M | -4.48M |
| Equity Growth % | -50.37% | 1625.64% | -103.22% | 288.21% | - |
| Book Value per Share | 69.58 | 35.73 | -1.92 | 59.55 | -31.64 |
| Total Shareholders' Equity | 2.05M | 4.14M | -367.2K | 8.44M | -4.48M |
| Common Stock | 131 | 138 | 102 | 116 | 81 |
| Retained Earnings | -22.09M | -24.76M | -9.15M | -5.94M | -4.49M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 464.22K | 428.22K | 288.99K | -107.27K | 7.16K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency
According to recent financial filings, MNDR's total assets have plummeted from $10.7 million in 2023Q2 to just $3.5 million by 2025Q4, signaling a severe contraction in the company's resource base that underscores the ongoing deterioration of its operational and financial stability over the last ten quarters.
The consistent decline in total assets suggests that the company is struggling to maintain its operational footprint while burning through its remaining capital. This downward trajectory indicates that the business model is failing to generate the internal resources necessary to replace its depreciating asset base.
As reported in the latest balance sheet, MNDR's cash reserves have dwindled to $811,920, a stark reduction from the $9.8 million peak observed in 2023Q2, which leaves the company with a dangerously thin buffer to cover ongoing operating expenses and potential short-term liabilities.
With a current ratio of 1.06, the company is barely maintaining a position where current assets cover current liabilities, leaving almost no margin for error. Investors should monitor this liquidity profile closely, as the current cash burn rate appears unsustainable without immediate external capital intervention.
Based on the company's reported figures, retained earnings have reached a staggering negative $22.1 million as of 2025Q4, reflecting a persistent history of value destruction that has significantly eroded the quality and stability of the company's shareholder equity base over the observed period.
The deep negative retained earnings suggest that the company has been unable to achieve a profitable scale, forcing it to rely on equity dilution or external funding to remain a going concern. This persistent deficit warrants further investigation into whether the current equity structure can support future operations.
Financial statements indicate that goodwill now accounts for $1.9 million of the company's $3.5 million in total assets, a significant concentration that suggests the balance sheet may be artificially propped up by intangible assets that are likely impaired given the company's ongoing revenue contraction.
The presence of such a large goodwill component relative to total assets is concerning, as it may mask the true extent of the company's financial distress. If these intangibles require impairment, the company's already fragile equity position could be further compromised, potentially triggering a technical insolvency event.
Quick answers to the most common questions about buying MNDR stock.
As of 2025, Mobile-health Network Solutions Class A Ordinary Shares (MNDR) had total assets of $3.5M including $1.4M in current assets.
Mobile-health Network Solutions Class A Ordinary Shares (MNDR) carries total debt of $0.2M, offset by $0.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mobile-health Network Solutions Class A Ordinary Shares (MNDR) has total shareholders' equity (book value) of $2.1M ($69.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mobile-health Network Solutions Class A Ordinary Shares (MNDR) reported a current ratio of 1.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.