| Metric | FY2024 | FY2023 |
|---|---|---|
| Cash and cash equivalents | $2.1M+109.5% | $1.0M |
| Accounts receivable | $2.0M-25.7% | $2.6M |
| Investments in marketable securities | $4.5M+599.9% | $642K |
| Investment in equity securities | $300K | — |
| Prepaid expenses | $459K-14.5% | $537K |
| Current portion of long-term note receivable | $100K+0.0% | $100K |
| Other current assets | $252K+7.1% | $235K |
| Total current assets | $9.4M+71.4% | $5.5M |
| Accounts receivable, non-current | $753K | — |
| Property and equipment, net | $585K-23.4% | $764K |
| Operating lease right-of-use assets | $1.9M-21.5% | $2.5M |
| Intangible asset, net | $4.5M | — |
| Goodwill | $3.3M | — |
| Long-term investment in warrants | $578K-71.2% | $2.0M |
| Long-term note receivable | $100K-50.0% | $200K |
| Deferred tax assets | $152K-58.8% | $369K |
| Security deposits | $308K-11.6% | $348K |
| Other non-current assets | $12K+16488.7% | $71 |
| Total non-current assets | $4.5M-67.8% | $14.1M |
| Total assets | $14.0M-28.8% | $19.6M |
| Accounts payable and accrued expenses | $2.0M+16.1% | $1.8M |
| Accrued payroll and other employee costs | $676K-6.6% | $723K |
| Short-term debt | $136K | — |
| Current portion of long-term debts | $401K+7.9% | $372K |
| Insurance premium financing | $17K | — |
| Factoring liability | $172K-69.4% | $563K |
| Operating lease liabilities, current | $372K-6.2% | $397K |
| Finance lease liabilities, current | $16K-8.5% | $17K |
| Income tax payables | $822K+405.3% | $163K |
| Deferred revenue | $1.9M-13.4% | $2.2M |
| Other current liabilities | $907K+319.2% | $216K |
| Total current liabilities | $7.4M+14.0% | $6.5M |
| Long-term debts | $1.2M-30.0% | $1.8M |
| Operating lease liabilities, non-current | $1.6M-24.4% | $2.1M |
| Finance lease liabilities, non-current | $44K-34.7% | $67K |
| Deferred tax liabilities | $1.3M | — |
| Other non-current liabilities | $184K-11.9% | $209K |
| Total non-current liabilities | $3.1M-43.4% | $5.4M |
| Total liabilities | $10.5M-12.2% | $12.0M |
| Common shares ($0.0001 par value, 200,000,000 shares authorized; 21,937,987 and 20,842,690 shares issued and outstanding as of December 31, 2024 and 2023, respectively) | $2K+5.3% | $2K |
| Subscription receivable | -$104K | — |
| Additional paid-in capital | $20.7M+5.4% | $19.6M |
| Accumulated deficit | -$16.2M-10.0% | -$14.8M |
| Accumulated other comprehensive income | $344K+3.6% | $332K |
| Total HeartCore Enterprises, Inc. shareholders’ equity | $4.7M-9.9% | $5.2M |
| Non-controlling interests | -$1.2M-147.6% | $2.5M |
| Total shareholders’ equity | $3.5M-54.8% | $7.7M |
| Total liabilities and shareholders’ equity | $14.0M-28.8% | $19.6M |
| Related Party | ||
| Due from related party | $40K-10.3% | $45K |
| Long-term loan receivable from related party | $124K-32.3% | $183K |
| Accounts payable and accrued expenses – related party | $47K | — |
| Due to related parties | $932-36.9% | $1K |
| Short-term debt – related party | $75K | — |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.