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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,189,577 $ 371,497
Restricted cash 320,000 320,000
Accounts receivable, net 1,485,842 2,148,198
Inventories 4,146,214 4,591,902
Prepaid expenses 858,862 494,986
Deferred costs - current 640,383 417,290
Other current assets 459,630 931,244
Total current assets 9,100,508 9,275,117
Property and equipment, net 588,424 613,958
Intangible assets, net 1,027,906 1,062,766
Investment in equity securities 670,951 670,951
Investment in leases 100,588 101,415
Right-of-use operating lease assets 4,359,362 4,493,360
Deferred costs - noncurrent 589,166 564,558
Security deposit, long-term 40,506 15,687
Total assets 16,477,411 16,797,812
Current liabilities    
Accounts payable 2,189,013 1,882,357
Accrued expenses 4,798,163 3,393,205
Deferred revenue - current 1,041,601 506,496
Convertible notes - current 1,559,932 2,475,162
Operating lease liabilities - current 931,128 914,800
Other liabilities 146,510 6,969
Total current liabilities 12,355,254 11,351,158
Operating lease liabilities - noncurrent 4,109,738 4,254,173
Due to related party - promissory notes - noncurrent 1,106,500 840,500
Convertible notes - noncurrent 492,703 0
Deferred revenue - noncurrent 556,854 771,747
Warrants/investment rights liability 930,249 699,087
Other long-term liabilities 167,919 170,794
Total liabilities 19,719,217 18,087,459
Commitments and Contingencies
Mezzanine equity    
Redeemable non-controlling interests, preferred shares, zero par value, 1,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2025 and — shares issued and outstanding at December 31, 2024; aggregate liquidation preference of $0 and $3,750,201 at March 31, 2025 and December 31, 2024, respectively 0 0
Stockholders’ equity    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 3,116,368 and 904,949 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 6,629 6,408
Treasury stock, at cost, 1,680 shares outstanding at March 31, 2025; 1,680 shares outstanding at December 31, 2024 (0.17) (0.17)
Additional paid-in capital 169,211,321 164,285,336
Accumulated other comprehensive income 46,730 46,494
Accumulated deficit (172,472,079) (165,599,076)
Nuvve Holding Corp. Stockholders’ deficit (3,207,399) (1,260,838)
Non-controlling interests (34,407) (28,809)
Total stockholders’ deficit (3,241,806) (1,289,647)
Total deficit (3,241,806) (1,289,647)
Total Liabilities and Equity 16,477,411 16,797,812
Nonrelated Party    
Current liabilities    
Current debt 1,662,500 1,609,928
Related Party    
Current assets    
Accounts receivable, net 0 0
Current liabilities    
Current debt 26,407 562,241
Class D Incentive Units    
Mezzanine equity    
Class D Incentive units, zero par value, 1,000,000 units authorized; zero units issued and outstanding at March 31, 2025 and zero units issued and outstanding a December 31, 2024, respectively 0 0
Cumulative Preferred Stock    
Stockholders’ equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; zero shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively $ 0 $ 0