Nexalin Technology, Inc. (NXL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 3.29M | 4.3M | 4.82M | 6.27M | 2.62M | 3.96M | 4.91M | 1.18M | 2.56M | 3.43M | 4.26M | 5.11M | 5.88M | 7.43M | 8.34M | 546.67K | 652.02K | 752.66K | 184.24K | 357.74K |
| Cash & Short-Term Investments | 2.71M | 3.72M | 4.35M | 5.79M | 2.05M | 3.48M | 4.59M | 848.8K | 2.14M | 2.95M | 3.94M | 4.7M | 5.47M | 6.99M | 7.86M | 291.33K | 458.61K | 661.78K | 136.43K | 307.95K |
| Cash Only | 1.21M | 654.78K | 590.08K | 431.32K | 622.03K | 574.49K | 81.42K | 848.8K | 546.25K | 580.23K | 361.4K | 231.72K | 174.96K | 162.74K | 7.86M | 291.33K | 458.61K | 661.78K | 136.43K | 307.95K |
| Short-Term Investments | 1.5M | 3.07M | 3.76M | 5.36M | 1.43M | 2.91M | 4.51M | 0 | 1.6M | 2.37M | 3.58M | 4.46M | 5.3M | 6.83M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 43K | 81.57K | 7.92K | 59.84K | 14.48K | 13.04K | 15.17K | 11.72K | 3.67K | 9.37K | 14.48K | 14.32K | 3.55K | 4.88K | 10.35K | 23.69K | 69.84K | 16.3K | 16.87K | 14.29K |
| Days Sales Outstanding | 374.97 | 23.95 | 171.76 | 47.91 | 30.2 | 47.75 | 34.33 | 26.08 | 7.54 | 53.43 | 54.95 | 22.88 | 12.41 | 18.23 | 2.87 | 10.27 | 11.99 | 63.58 | 25.61 | 178.98 |
| Inventory | 179.49K | 131.47K | 160.22K | 172.97K | 175.25K | 174.58K | 158.38K | 145.14K | 153.67K | 156.42K | 158.62K | 160.01K | 158.27K | 154.37K | 152.07K | 124.43K | 78.73K | 31.41K | 15.81K | 18.23K |
| Days Inventory Outstanding | 27.37 | 638.08 | 3.88K | 693.77 | 1.16K | 2.04K | 1.1K | 1.88K | 1.54K | 2.77K | 3.69K | 1.54K | 1.98K | 2.05K | 67.91 | 75.13 | 107.71 | -2.16K | 168.27 | 759.54 |
| Other Current Assets | 359.18K | 363.01K | 296.55K | 243.51K | 379.78K | 293.6K | 140.43K | 176.49K | 261.98K | 0 | 153.04K | 0 | 0 | 272.28K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 404.48K | 336.05K | 308.56K | 294.87K | 279.52K | 261.59K | 349.59K | 380.98K | 270.96K | 202.02K | 170.42K | 63.74K | 54.7K | 6.67K | 8.15K | 9.6K | 11.01K | 1.04K | 1.17K | 1.31K |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 496 | 2.06K | 3.63K | 5.17K | 6.67K | 8.15K | 9.6K | 11.01K | 1.04K | 1.17K | 1.31K |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | 16.05x | 8.47x | 8.08x | 5.16x | 5.18x | 61.47x | 40.21x | 53.66x | 21.70x | 45.14x | 22.31x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 359.31K | 336.05K | 308.56K | 294.87K | 279.52K | 260.73K | 248.94K | 226.08K | 169.17K | 105.53K | 72.36K | 60.11K | 49.54K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 864 | 100.65K | 100.49K | 101.78K | 96K | 96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 45.17K | 0 | 0 | 0 | 0 | 0 | 0 | 54.41K | 0 | 0 | 170.42K | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Total Assets | 3.69M | 4.64M | 5.13M | 6.56M | 2.9M | 4.22M | 5.26M | 1.56M | 2.83M | 3.63M | 4.43M | 5.18M | 5.93M | 7.43M | 8.35M | 556.26K | 663.03K | 753.7K | 185.42K | 359.05K |
| Asset Turnover | 0.00x | 0.04x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.12x | 0.68x | 0.46x | 0.05x | 0.21x | 0.08x |
| Asset Growth % | 27.4% | 9.77% | -2.5% | 319.93% | 2.33% | 16.27% | 18.57% | -69.8% | -52.21% | -51.13% | -46.92% | 830.43% | 794.45% | 886.09% | 4404.88% | 54.93% | - | - | - | - |
| Total Current Liabilities | 808.36K | 887.33K | 357.52K | 600.58K | 574.74K | 546.69K | 299.39K | 212.1K | 507.22K | 425.28K | 1.2M | 1.18M | 1.2M | 1.95M | 1.98M | 2.77M | 2.57M | 2.36M | 2.07M | 1.97M |
| Accounts Payable | 168.1K | 244.58K | 67.49K | 232.81K | 181.39K | 155.95K | 166.54K | 87.14K | 151.51K | 159.53K | 72.55K | 48.5K | 54.76K | 658.37K | 788.29K | 1.13M | 1.02M | 843.79K | 782.49K | 713.15K |
| Days Payables Outstanding | 36.33 | 682.64 | 3.5K | 825.22 | 1.12K | 1.98K | 919.28 | 1.5K | 1.55K | 2.04K | 1.4K | 501.2 | 4.51K | 9.69K | 471.36 | 796.65 | 1.83K | -74.36K | 7.39K | 29.72K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K | 500K | 500K | 700K | 700K | 727.2K | 732.2K | 737.2K | 542.2K | 581.06K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182K | 130K | 0 | 130K |
| Other Current Liabilities | 466.57K | 154.75K | 84.03K | 228K | 240K | 150.75K | 89.33K | 89.33K | 89.33K | 89.33K | 336K | 336K | 336K | 336K | 336K | 596K | 0 | 0 | 466K | 550.2K |
| Current Ratio | 4.07x | 4.85x | 13.47x | 10.44x | 4.56x | 7.25x | 16.39x | 5.57x | 5.05x | 8.07x | 3.56x | 4.32x | 4.92x | 3.81x | 4.21x | 0.20x | 0.25x | 0.32x | 0.09x | 0.18x |
| Quick Ratio | 3.85x | 4.70x | 13.03x | 10.15x | 4.25x | 6.93x | 15.86x | 4.89x | 4.75x | 7.70x | 3.43x | 4.19x | 4.78x | 3.73x | 4.14x | 0.15x | 0.22x | 0.31x | 0.08x | 0.17x |
| Cash Conversion Cycle | 366.02 | -20.62 | 555.04 | -83.54 | 71.64 | 111.95 | 214.92 | 403.8 | 2.79 | 782.92 | 2.34K | 1.07K | -2.52K | -7.62K | -400.59 | -711.24 | -1.71K | 72.27K | -7.2K | -28.78K |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.46K | 17.63K | 30.49K | 65.94K | 72K | 82.6K | 115.85K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.92K | 22.92K | 22.92K | 45.83K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.46K | 17.63K | 30.49K | 43.03K | 49.09K | 59.68K | 70.02K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 808.36K | 887.33K | 357.52K | 600.58K | 574.74K | 546.69K | 299.39K | 212.1K | 507.22K | 425.28K | 1.2M | 1.18M | 1.2M | 1.95M | 2M | 2.8M | 2.64M | 2.44M | 2.15M | 2.09M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.46K | 517.63K | 530.49K | 543.03K | 755.26K | 767.2K | 806.04K | 845.32K | 850.05K | 664.64K | 696.91K |
| Net Debt | -1.21M | -654.78K | -590.08K | -431.32K | -622.03K | -574.49K | -81.42K | -848.8K | -546.25K | -575.77K | 156.24K | 298.76K | 368.06K | 592.52K | -7.1M | 514.71K | 386.72K | 188.27K | 528.22K | 388.97K |
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.00x | 0.16x | 0.13x | 0.11x | 0.14x | 0.12x | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | -39.77x | -429.99x | -148.05x | -83.69x | -53.07x | -11.95x | -25.73x | -20.69x | -31.32x | -65.23x | -115.80x |
| Total Equity | 2.89M | 3.75M | 4.77M | 5.96M | 2.33M | 3.68M | 4.96M | 1.35M | 2.33M | 3.21M | 3.24M | 3.99M | 4.74M | 5.48M | 6.35M | -2.24M | -1.97M | -1.68M | -1.97M | -1.73M |
| Equity Growth % | 24.12% | 1.96% | -3.82% | 341.4% | -0.07% | 14.64% | 53.17% | -66.17% | -50.86% | -41.47% | -49.07% | 278.22% | 340.04% | 425.74% | 422.84% | -29.42% | - | - | - | - |
| Book Value per Share | 0.15 | 0.20 | 0.27 | 0.38 | 0.17 | 0.40 | 0.46 | 0.18 | 0.31 | 0.43 | 0.44 | 0.55 | 0.65 | 0.75 | 1.23 | -0.35 | -0.27 | -0.36 | -0.40 | -0.27 |
| Total Shareholders' Equity | 2.89M | 3.75M | 4.77M | 5.96M | 2.33M | 3.68M | 4.96M | 1.35M | 2.33M | 3.21M | 3.24M | 3.99M | 4.74M | 5.48M | 6.35M | -2.24M | -1.97M | -1.68M | -1.97M | -1.73M |
| Common Stock | 20.58K | 19.19K | 18.19K | 17.42K | 13.33K | 13.3K | 12.86K | 7.59K | 7.44K | 7.44K | 7.44K | 7.29K | 7.29K | 7.29K | 7.28K | 4.91K | 4.91K | 4.88K | 4.5K | 88.13K |
| Retained Earnings | -94.96M | -92.87M | -90.49M | -88.21M | -86.63M | -84.65M | -81.81M | -79.36M | -78.08M | -77.04M | -76.26M | -73.96M | -73.14M | -72.39M | -71.66M | -71.52M | -71.08M | -70.69M | -70.1M | -68.3M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 494 | 406 | -631 | 830 | 317 | -513 | -325 | 0 | -245 | -405 | 800 | 33.09K | 41.07K | 36.31K | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |