ParaZero Announced First Half 2023 Financial Results


CONDENSED INTERIM BALANCE SHEETS (Unaudited)
U.S. dollars

     June 30,   December 31,
   Note  2023    2022 
   LIABILITIES AND SHAREHOLDERS' DEFICIT      
       
CURRENT LIABILITIES:      
Trade payables   98,780  47,260 
Lease liabilities   29,152  45,097 
Other accounts payable   624,241  774,647 
Loan from related party 7 729,169  - 
SAFEs 6 1,514,928  1,514,928 
       
TOTAL CURRENT LIABILITIES   2,996,270  2,381,932 
       
NON-CURRENT LIABILITIES:       
             
Lease liabilities       -     7,775  
Loan from related party   7   -     399,794  
             
TOTAL NON-CURRENT LIABILITIES       -     407,569  
             
COMMITMENTS AND CONTINGENCIES   4        
SHAREHOLDERS’ DEFICIT            
Ordinary shares, NIS 0.02 par value:
Authorized 25,000,000 as of June 30, 2023
and December 31, 2022; Issued and
outstanding 3,597,442 and 3,597,442 shares
as of June 30,2023 and as of December 31,
2022, respectively
      21,456     21,456  
Additional paid-in capital       13,091,990     12,988,292  
Accumulated losses       (15,085,002 )   (14,651,678 )
             
TOTAL SHAREHOLDERS’ DEFICIT       (1,971,556 )   (1,641,930 )
             
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT       1,024,714     1,147,571  
         

The accompanying notes are an integral part of these condensed interim financial statements.

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