Aclarion, Inc. (ACON) Balance Sheet
ACON balance sheet, 2025
December 31, 2025 · U.S. dollars$13.7M assets = $837,287 liabilities + $12.8M equity
Both columns are drawn to the same scale: what ACON owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ACON financial health
Descriptive bands, not a rating. Fiscal 2025.
ACON balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.4M2019 | $13.7M2025 | +45.7%/yr | |
| Total liabilities | $3.1M2019 | $837,2872025 | −19.7%/yr | |
| Shareholders’ equity | −$1.7M2019 | $12.8M2025 | — | |
| Cash & short-term investments | $128,1652019 | $12.0M2025 | +113.1%/yr | |
| Total debt | $515,5532019 | $1.1M2023 | +21.6%/yr | |
| Net cash (debt) | −$387,3882019 | −$104,6552023 | +$282,733 | |
| Working capital | −$2.9M2019 | $11.6M2025 | +$14.5M |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ACON assets
ACON liabilities and equity
ACON debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ACON balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $12.0M | $453,661 | $1.0M | $1.5M | $432,530 | $14,984 | $128,165 |
| Cash & equivalents | $12.0M | $453,661 | $1.0M | $1.5M | $432,530 | $14,984 | $128,165 |
| Short-term investments | — | $39,003 | — | — | — | — | — |
| Receivables | $29,680 | $18,326 | $13,424 | $18,653 | $6,280 | $22,502 | $14,695 |
| Inventory | $0 | $0 | $1 | $301,331 | $1 | $0 | $0 |
| Other current assets | $351,235 | $352,292 | $254,875 | $0 | $293,393 | $59,643 | $75,650 |
| Total current assets | $12.4M | $824,279 | $1.3M | $1.7M | $732,204 | $97,129 | $218,510 |
| Property, plant & equipment (net) | $24,169 | $5,499 | $1,782 | $3,346 | $12,636 | $25,617 | $48,509 |
| Goodwill & intangible assets | $1.3M | $1.3M | $1.2M | $1.2M | $1.1M | $1.2M | $1.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $13.7M | $2.1M | $2.5M | $2.9M | $1.9M | $1.3M | $1.4M |
| Liabilities | |||||||
| Accounts payable | $324,470 | $531,603 | $760,535 | $457,558 | $1.1M | $859,526 | $501,033 |
| Short-term debt | — | — | $1.1M | $4,644 | $2.0M | $2.4M | $515,553 |
| Deferred revenue | — | — | — | −$4,644 | — | $3.1M | — |
| Total current liabilities | $837,287 | $1.2M | $3.2M | $688,671 | $7.6M | $8.4M | $3.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $11.8M | $0 | $0 | $457,558 | $3.1M | $0 | $0 |
| Total liabilities | $837,287 | $1.2M | $3.2M | $688,671 | $7.6M | $8.4M | $3.1M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $9 | — | $8 | $5 | $9 | $68 | $68 |
| Retained earnings (deficit) | −$58.5M | −$51.3M | −$44.3M | −$39.4M | −$31.9M | −$25.9M | −$20.4M |
| Accumulated other comprehensive income | — | $0 | — | — | — | — | $0 |
| Total shareholders' equity | $12.8M | $970,057 | −$727,995 | $2.2M | −$5.7M | −$7.1M | −$1.7M |
| Key figures | |||||||
| Total debt | — | — | $1.1M | $4,644 | $2.0M | $2.4M | $515,553 |
| Net cash (debt) | — | — | −$104,655 | $1.5M | −$1.6M | −$2.4M | −$387,388 |
| Working capital | $11.6M | −$329,147 | −$1.9M | $1.0M | −$6.9M | −$8.3M | −$2.9M |
| Tangible book value | $11.6M | −$323,648 | −$1.9M | $1.0M | −$6.9M | −$8.3M | −$2.9M |
| Current ratio | 14.81 | 0.71 | 0.40 | 2.47 | 0.10 | 0.01 | 0.07 |
| Quick ratio | 14.39 | 0.41 | 0.32 | 2.17 | 0.06 | 0.00 | 0.05 |
| Debt / equity | — | — | — | 0.00 | — | — | — |
| Equity / assets | 93.9% | 45.7% | −29.6% | 76.4% | −303.2% | −548.4% | −119.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $16.3M | $19.0M | $12.0M | $11.3M | $12.9M | $14.8M | $453,661 | $1.3M | $1.2M | $2.1M | $1.0M | $161,450 |
| Cash & equivalents | $16.3M | $19.0M | $12.0M | $11.3M | $12.8M | $14.8M | $453,661 | $1.3M | $1.2M | $2.1M | $1.0M | $161,450 |
| Short-term investments | — | — | — | — | $39,000 | $39,003 | — | $50,000 | $50,000 | $50,000 | — | — |
| Receivables | $28,172 | $40,583 | $29,680 | $32,018 | $20,920 | $19,172 | $18,326 | $16,951 | $19,713 | $17,369 | $13,424 | $21,189 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,721 | $0 | $1 | $1 | $10,000 |
| Other current assets | $480,574 | $330,992 | $351,235 | $531,392 | $555,176 | $387,909 | $352,292 | $566,551 | $609,357 | $378,304 | $254,875 | $172,309 |
| Total current assets | $16.8M | $19.4M | $12.4M | $11.9M | $13.4M | $15.2M | $824,279 | $1.9M | $1.9M | $2.5M | $1.3M | $364,948 |
| Property, plant & equipment (net) | $23,233 | $22,872 | $24,169 | $13,164 | $6,461 | $5,093 | $5,499 | $892 | $1,189 | $1,486 | $1,782 | $2,063 |
| Goodwill & intangible assets | $1.2M | $1.2M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.2M | $1.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $18.0M | $20.6M | $13.7M | $13.2M | $14.8M | $16.5M | $2.1M | $3.2M | $3.1M | $3.7M | $2.5M | $1.5M |
| Liabilities | ||||||||||||
| Accounts payable | $704,979 | $587,291 | $324,470 | $265,745 | $281,516 | $510,946 | $525,582 | $331,765 | $179,123 | $195,714 | $760,535 | $686,198 |
| Short-term debt | — | — | — | — | — | — | — | — | $777,087 | $670,150 | $1.1M | $727,536 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $379,119 |
| Total current liabilities | $1.0M | $986,208 | $837,287 | $699,747 | $564,422 | $699,032 | $1.2M | $678,267 | $1.4M | $1.2M | $3.2M | $2.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $11.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1.0M | $986,208 | $837,287 | $699,747 | $564,422 | $699,032 | $1.2M | $678,267 | $1.4M | $1.2M | $3.2M | $2.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $25 | $25 | $9 | $6 | $6 | $6 | — | $100 | $82 | $72 | $8 | $82 |
| Retained earnings (deficit) | −$64.1M | −$61.3M | −$58.5M | −$56.6M | −$54.9M | −$53.3M | −$51.3M | −$49.3M | −$47.9M | −$46.7M | −$44.3M | −$43.0M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $17.0M | $19.7M | $12.8M | $12.5M | $14.2M | $15.8M | $970,057 | $2.5M | $1.6M | $2.5M | −$727,995 | −$827,980 |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | — | $777,087 | $670,150 | $1.1M | $727,536 |
| Net cash (debt) | — | — | — | — | — | — | — | — | $445,600 | $1.5M | −$104,655 | −$566,086 |
| Working capital | $15.8M | $18.4M | $11.6M | $11.2M | $12.9M | $14.5M | −$329,147 | $1.2M | $405,113 | $1.3M | −$1.9M | −$2.0M |
| Tangible book value | $15.8M | $18.4M | $11.6M | $11.2M | $12.9M | $14.5M | −$323,648 | $1.2M | $406,302 | $1.3M | −$1.9M | −$2.0M |
| Book value per share | $6.91 | $9.23 | — | $21.46 | $24.37 | — | — | — | — | — | — | — |
| Shares outstanding | 2.5M | 2.1M | — | 582K | 582K | — | — | — | — | — | — | — |
| Current ratio | 16.20 | 19.65 | 14.81 | 17.01 | 23.81 | 21.68 | 0.71 | 2.80 | 1.28 | 2.08 | 0.40 | 0.15 |
| Quick ratio | 15.73 | 19.31 | 14.39 | 16.25 | 22.83 | 21.13 | 0.41 | 1.96 | 0.86 | 1.77 | 0.32 | 0.08 |
| Debt / equity | — | — | — | — | — | — | — | — | 0.47 | 0.27 | — | — |
| Equity / assets | 94.3% | 95.2% | 93.9% | 94.7% | 96.2% | 95.8% | 45.7% | 78.7% | 53.2% | 67.2% | −29.6% | −53.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
ACON financial position
At the end of fiscal 2025 (December 31, 2025), Aclarion had total assets of $13.7 million (up 543.9% from a year earlier), total liabilities of $0.8 million and shareholders' equity of $12.8 million. Its current ratio was 14.81. In the latest quarter (ended June 30, 2026) total assets were $18.0 million and equity $17.0 million.
Related: ACON income statement, ACON cash flow statement, ACON key metrics. See the ACON stock overview for the latest quote and news.
ACON balance sheet FAQ
What are Aclarion's total assets?
Aclarion reported total assets of $13.7 million at the end of fiscal 2025 (December 31, 2025), compared with $2.1 million a year earlier.
How much cash does Aclarion have?
Aclarion held $12.0 million in cash and short-term investments at the end of fiscal 2025.
What is Aclarion's book value?
Aclarion's shareholders' equity (book value) was $12.8 million at the end of fiscal 2025.
What is Aclarion's current ratio?
Aclarion had current assets of $12.4 million and current liabilities of $0.8 million, a current ratio of 14.81 (it can cover its short-term obligations).
How much goodwill does Aclarion have?
Aclarion carried $1.3 million of goodwill and intangible assets, 9.2% of total assets, at the end of fiscal 2025.