XML 129 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash $ 328 $ 2,850 $ 723
Accounts receivable 271 271  
Deferred offering costs   878
Prepaid expenses and other current assets 611 358  
Forward purchase agreement asset 155
Restricted cash 15 142 138
Total current assets 1,225 3,776 2,035
Property and equipment, net 37 102
Right-of-use asset - operating lease 418 966
Security deposits 66 66 66
Patents, net 169 176 186
SEPA put rights asset 243 188
Total assets 1,703 4,661 3,355
Current liabilities:      
Accounts payable 4,724 3,936 7,916
Accrued expenses 8,026 7,496 5,381
Excise taxes payable 4,401 4,401
Operating lease liability, current 456 567
Finance lease liability, current   130
Income taxes payable 366
Convertible notes 2,725
Embedded derivative liability 80
Total current liabilities 17,298 19,607 15,736
Operating lease liability, noncurrent   455
Total liabilities   19,607 16,191
Commitments and Contingencies (Note 8)
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   75,599
Stockholders’ deficit:      
Preferred stock, value
Common stock, value
Treasury stock (33)
Additional paid-in capital 108,487 100,608 19,920
Accumulated deficit (124,631) (116,103) (108,871)
Total Abpro Holdings, Inc.’s stockholders’ deficit (16,144) (15,495) (88,984)
Non-controlling interest 549 549 549
Total stockholders’ deficit (15,595) (14,946) (88,435)
Total liabilities and stockholders’ deficit 1,703 4,661 3,355
Related Party      
Current liabilities:      
Notes payable – related parties $ 147 147 1,742
Series F Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   9,991
Series E Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   29,841
Series D Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   17,622
Series C Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   14,949
Series B Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   1,401
Series A Redeemable, Convertible Preferred Stock      
Convertible preferred stock, $0.001 par value, issuable in series:      
Convertible preferred stock, value   1,795
Previously Reported      
Current assets:      
Accounts receivable   323 88
Prepaid expenses and other current assets   $ 306 $ 208