v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 67 $ 2,850
Accounts receivable 183 183
Prepaid expenses and other current assets 480 446
Forward purchase agreement asset 155
Security deposits 55
SEPA put rights asset 96
Restricted cash 15 142
Total current assets 896 3,776
Property and equipment, net 37
Right-of-use asset - operating lease 418
Security deposits 66
Patents, net 167 176
SEPA put rights asset 188
Total assets 1,063 4,661
Current liabilities:    
Accounts payable 5,323 3,936
Accrued expenses 3,875 7,496
Excise taxes payable 4,401
Operating lease liability, current 456
Income taxes payable 366
Convertible notes 2,725
Embedded derivative liability 80
Total current liabilities 9,345 19,607
Commitments and Contingencies (Note 10)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; zero shares issued and outstanding
Common stock, $0.0001 par value; 110,000,000 shares authorized; 2,733,263 and 1,727,192 shares issued, 2,733,263 and 1,694,414 shares outstanding at December 31, 2025 and December 31, 2024, respectively
Treasury stock, zero and 32,778 shares at December 31, 2025 and December 31, 2024, respectively, at cost
Additional paid-in capital 110,164 100,608
Accumulated deficit (118,995) (116,103)
Total Abpro Holdings, Inc.'s stockholders' deficit (8,831) (15,495)
Non-controlling interest 549 549
Total stockholders' deficit (8,282) (14,946)
Total liabilities and stockholders’ deficit 1,063 4,661
Related Party    
Current liabilities:    
Notes payable – related parties $ 147 $ 147