v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 500,877 $ 5,467,250
Restricted cash 320,000 320,000
Accounts receivable, net 712,863 1,094,651
Inventories 572,048 800,819
Prepaid expenses 1,011,345 883,301
Deferred costs - current 1,754,254 709,286
Due from related party 0 574,503
Other current assets 1,001,187 1,184,704
Total current assets 5,872,574 11,034,514
Property and equipment, net 885,348 618,444
Intangible assets, net 991,018 1,065,705
Goodwill 96,000 96,000
Investment in leases 96,258 98,321
Right-of-use operating lease assets 3,515,576 3,779,757
Deferred costs - noncurrent 594,558 594,558
Security deposit, long-term 122,966 105,782
Total assets 12,174,298 17,393,081
Current liabilities    
Accounts payable 4,385,907 3,406,969
Due to customers 145,000 0
Accrued expenses 4,951,702 1,842,722
Deferred revenue - current 1,587,959 1,022,453
Convertible notes - current 18,284 616,179
Operating lease liabilities - current 1,021,085 860,130
Dividend payable 121,746 0
Other liabilities 0 2,340
Customer deposits 455,408 918,631
Total current liabilities 14,754,545 9,782,988
Operating lease liabilities - noncurrent 3,261,294 3,558,659
Deferred revenue - noncurrent 1,082,519 874,779
Warrants/investment rights liability 205,105 474,023
Other long-term liabilities 134,188 172,089
Total liabilities 19,437,651 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 June 30, 2026, and 333 shares issued and outstanding at December 31, 2025; aggregate liquidation preference of $276,076 and $6,000,000 at June 30, 2026 and December 31, 2025, respectively 242,589 4,958,840
Stockholders’ equity    
Common stock, $0.0001 par value, 400,000,000 shares authorized; 531,250 shares issued and 531,248 outstanding at June 30, 2026 and 114,993 shares issued and 114,991 outstanding at December 31, 2025, respectively 12,507 11,758
Treasury stock, at cost, 2 shares outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 199,993,541 193,616,119
Accumulated other comprehensive income (18,590) 38,041
Accumulated deficit (209,404,434) (196,421,627)
Nuvve Holding Corp. stockholders’ deficit (5,990,431) (1,673,051)
Non-controlling interests (1,515,511) (755,246)
Total stockholders’ deficit (7,505,942) (2,428,297)
Total Liabilities, stockholders' deficit and mezzanine equity 12,174,298 17,393,081
Nonrelated Party    
Current liabilities    
Due to related party - promissory notes - current 1,455,809 0
Related Party    
Current assets    
Accounts receivable, net 0 0
Current liabilities    
Due to related party - promissory notes - current 611,645 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 June 30, 2026, and 333 shares issued and outstanding at December 31, 2025; aggregate liquidation preference of $276,076 and $6,000,000 at June 30, 2026 and December 31, 2025, respectively 242,589 4,958,840
Stockholders’ equity    
Preferred stock, value, issued 1,734,808 0
Preferred Class A Units    
Stockholders’ equity    
Carrying Value 166,698 166,698
J-Kiss Units    
Stockholders’ equity    
Carrying Value 1,225,039 615,960
Class B Units    
Stockholders’ equity    
Class B units, zero par value, 2,500,000 units authorized; 300,000 units issued and outstanding at June 30, 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