v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,727,260 $ 5,467,250
Restricted cash 320,000 320,000
Accounts receivable, net 1,275,787 1,094,651
Inventories 786,421 800,819
Prepaid expenses 1,073,227 883,301
Deferred costs - current 1,642,709 709,286
Due from related party 0 574,503
Other current assets 1,036,759 1,184,704
Total current assets 7,862,163 11,034,514
Property and equipment, net 522,391 618,444
Intangible assets, net 1,028,361 1,065,705
Goodwill 96,000 96,000
Investment in leases 97,739 98,321
Right-of-use operating lease assets 3,649,050 3,779,757
Deferred costs - noncurrent 594,558 594,558
Security deposit, long-term 118,464 105,782
Total assets 13,968,726 17,393,081
Current liabilities    
Accounts payable 4,761,958 3,406,969
Accrued expenses 2,103,993 1,842,722
Deferred revenue - current 1,479,393 1,022,453
Convertible notes - current 367,888 616,179
Operating lease liabilities - current 867,785 860,130
Dividend payable 66,111 0
Other liabilities 0 2,340
Customer deposits 462,944 918,631
Total current liabilities 10,700,882 9,782,988
Operating lease liabilities - noncurrent 3,411,423 3,558,659
Deferred revenue - noncurrent 805,195 874,779
Warrants/investment rights liability 336,512 474,023
Other long-term liabilities 134,188 172,089
Total liabilities 15,388,200 14,862,538
Commitments and Contingencies
Mezzanine equity    
Series A Convertible preferred stock, $0.0001 par value, 35,000 shares authorized, 349 issued and 15 outstanding at March 31, 2026, and 333 shares issued and outstanding at December 31, 2025; aggregate liquidation preference of $283,560 and $6,000,000 at March 31, 2026 and December 31, 2025, respectively 242,589 4,958,840
Stockholders’ equity    
Common stock, $0.0001 par value, 400,000,000 shares authorized; 348,567 shares issued and 348,565 outstanding at March 31, 2026 and 114,993 shares issued and 114,991 outstanding at December 31, 2025, respectively 12,178 11,758
Treasury stock, at cost, 2 shares outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 198,448,429 193,616,119
Accumulated other comprehensive income 4,328 38,041
Accumulated deficit (202,255,847) (196,421,627)
Nuvve Holding Corp. stockholders’ deficit (473,881) (1,673,051)
Non-controlling interests (1,188,182) (755,246)
Total Nuvve stockholders’ deficit (1,662,063) (2,428,297)
Total Liabilities, Nuvve stockholders' deficit and mezzanine equity 13,968,726 17,393,081
Related Party    
Current assets    
Accounts receivable, net 0 0
Current liabilities    
Due to related party - promissory notes - current 590,810 1,113,564
Series A Convertible Preferred Stock    
Mezzanine equity    
Series A Convertible preferred stock, $0.0001 par value, 35,000 shares authorized, 349 issued and 15 outstanding at March 31, 2026, and 333 shares issued and outstanding at December 31, 2025; aggregate liquidation preference of $283,560 and $6,000,000 at March 31, 2026 and December 31, 2025, respectively 242,589 4,958,840
Stockholders’ equity    
Preferred stock, value, issued 1,876,587 0
Preferred Class A    
Stockholders’ equity    
Carrying Value 166,698 166,698
Series 3 J- Kiss    
Stockholders’ equity    
Carrying Value 973,746 615,960
Common Class B    
Stockholders’ equity    
Class B units, zero par value, 2,500,000 units authorized; 300,000 units issued and outstanding at March 31, 2026, and 300,000 units issued and outstanding at December 31, 2025. 300,000 300,000
Cumulative Preferred Stock    
Stockholders’ equity    
Preferred stock, value, issued $ 0 $ 0