v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 5,263 $ 4,550
Marketable Securities 2,885 7,247
Accounts receivable 1,468 1,793
Inventory 560 501
Other current assets 1,657 1,246
Total current assets 11,833 15,337
Restricted cash 251 751
Property and equipment, net 2,937 1,809
Intangible assets, net 870 1,023
Operating lease right of use assets, net 2,997 3,409
Goodwill 1,389 1,389
Other assets 2,168 1,634
Total assets 22,445 25,352
Current liabilities    
Accounts payable 1,862 1,612
Accrued expenses and other current liabilities 3,572 4,088
Accrued Series G Convertible Preferred payments payable 829  
Current portion of operating lease liabilities 2,176 2,381
Deferred revenue 1,037 1,143
Total current liabilities 9,476 9,224
Long-term liabilities    
Derivative liability 1,036  
Operating lease liabilities 7,809 8,386
Total liabilities 18,321 17,610
Commitments and contingencies (see Note 12)
Temporary equity    
Series G Convertible Preferred Stock, $0.01 par value per share and $1,000 stated value per share, 4,000 shares authorized; 3,333 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively; Liquidation preference of $3,600,000 as of June 30, 2025 415
Equity    
Common Stock, $0.01 par value per share, 150,000,000 shares authorized; 5,261,024 shares issued and outstanding as of June 30, 2025 and December 31, 2024 53 53
Additional paid-in capital 475,822 473,824
Accumulated deficit (479,694) (472,706)
Accumulated other comprehensive loss (1,362) (1,959)
Total deficit attributable to XWELL, Inc. (5,181) (788)
Noncontrolling interests 8,890 8,530
Total equity 3,709 7,742
Total liabilities, temporary equity and equity $ 22,445 $ 25,352