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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 24,449 $ 31,170
Accounts receivable, net 381 30
Inventory, net 738 500
Prepaid expenses and other current assets 1,374 398
Current assets associated with discontinued operations 233 2,596
Total current assets 27,175 34,694
Goodwill 9,713 9,713
Intangible assets 8,616 8,900
Non-current assets associated with discontinued operations 120 715
Total assets 45,624 54,022
Current liabilities:    
Accounts payable 1,118 825
Accrued expenses and other current liabilities 3,623 4,090
Long-term debt, current 615 522
Current liabilities associated with discontinued operations 2,857 9,242
Total current liabilities 18,213 24,679
Warrant liabilities 589 996
Long-term debt, net of current 1
Non-current liabilities associated with discontinued operations 257
Total liabilities 18,802 25,933
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Common Stock, $0.001 par value per share, 35,000,000 shares authorized; 1,952,014 and 1,952,032 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2 2
Preferred stock, value
Additional paid-in capital 335,989 335,400
Accumulated deficit (309,169) (307,543)
Total stockholders’ equity attributable to Agrify Corporation 26,822 27,859
Non-controlling interests 230
Total stockholders’ equity 26,822 28,089
Total liabilities and stockholders’ equity 45,624 54,022
Preferred A Stock    
Stockholders’ equity:    
Preferred stock, value
Related Party    
Current liabilities:    
Related party debt, current $ 10,000 $ 10,000