| BALANCE SHEET COMPONENTS |
NOTE
5 – BALANCE SHEET COMPONENTS
SCHEDULE
OF BALANCE SHEET COMPONENTS
| Prepaid expenses and other current assets | |
December 31, 2025 | | |
December 31, 2024 | |
| Prepaid expenses | |
$ | 548,524 | | |
$ | 358,331 | |
| Deposit | |
| 10,000 | | |
| 246,235 | |
| Other current assets | |
| 15,310 | | |
| 1,765 | |
| Total | |
$ | 573,834 | | |
$ | 606,331 | |
| Property and equipment, net | |
December 31, 2025 | | |
December 31, 2024 | |
| Land | |
$ | 1,740,565 | | |
$ | 1,740,565 | |
| Computer and equipment | |
| 21,701 | | |
| 17,211 | |
| Property and equipment, gross | |
| 1,762,266 | | |
| 1,757,776 | |
| Accumulated depreciation | |
| (4,995 | ) | |
| (1,829 | ) |
| Total | |
$ | 1,757,271 | | |
$ | 1,755,947 | |
Depreciation
expense was $3,166 and $1,823 for the year ended December 31, 2025, and December 31, 2024, respectively.
| Other long-term assets | |
December 31, 2025 | | |
December 31, 2024 | |
| Non-current portion of prepaid expense | |
$ | 547,169 | | |
$ | 262,501 | |
| Long-term deposit | |
| - | | |
| 50,000 | |
| Total | |
$ | 547,169 | | |
$ | 312,501 | |
| Accounts payable | |
December 31, 2025 | | |
December 31, 2024 | |
| Vendors | |
$ | 8,292,335 | | |
$ | 10,259,060 | |
| Due to employees | |
| 12,761 | | |
| 5,057 | |
| Total | |
$ | 8,305,096 | | |
$ | 10,264,117 | |
| Accrued liabilities and other current liabilities | |
December 31, 2025 | | |
December 31, 2024 | |
| Accrued expenses | |
$ | 1,748,808 | | |
$ | 1,787,985 | |
| Capital market advisory fees | |
| 1,419,388 | | |
| 1,500,000 | |
| Personnel related liabilities | |
| 1,667,247 | | |
| 1,400,141 | |
| Accrued interest | |
| 1,556 | | |
| 34,561 | |
| Total | |
$ | 4,836,999 | | |
$ | 4,722,687 | |
Stardust
Power Inc. and Subsidiaries
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
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