v3.26.1
Condensed Consolidated Balance Sheets
Mar. 31, 2026
USD ($)
Current Liabilities  
TOTAL LIABILITIES $ 37,928
Commitments and contingencies
Stockholders' Deficit  
Additional paid-in capital 10
Accumulated deficit (37,928)
Total Stockholder's Deficit (37,928)
Forge Nano, Inc.  
Current Assets  
Cash and cash equivalents 17,326,000
Restricted cash and cash equivalents 315,000
Accounts receivable - net of allowance for credit losses of $40 and $40 as of March 31, 2026 and December 31, 2025, respectively 1,984,000
Contract assets - unbilled accounts receivable 6,465,000
Inventory 3,952,000
Prepaid expenses and other current assets 1,073,000
Total current assets 31,115,000
Property and equipment - net 14,149,000
Goodwill 3,124,000
Intangible assets - net 1,538,000
Restricted cash and cash equivalents 56,000
Right-of-use operating lease assets 64,365,000
Deposits 2,934,000
Total other assets 86,166,000
TOTAL ASSETS 117,281,000
Current Liabilities  
Accounts payable 5,959,000
Current portion of operating lease liabilities 1,379,000
Contract liabilities - deferred revenue 3,346,000
Provision for loss on contract 694,000
Accrued and other current liabilities 2,711,000
Current portion of debt - net of discount 10,438,000
Total current liabilities 24,527,000
Operating lease liabilities 62,802,000
Due to Sundew Technologies, LLC 2,765,000
Warrants issued in conjunction with the 2023 issuances of Series C preferred stock and long-term debt 5,830,000
TOTAL LIABILITIES 95,924,000
Commitments and contingencies
Mezzanine Equity  
Additional paid-in capital 151,777,000
Stockholders' Deficit  
Additional paid-in capital 10,344,000
Accumulated deficit (140,764,000)
Total Stockholder's Deficit (130,420,000)
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 117,281,000