One Stop Systems Files Q3 2024 10-Q

TL;DR

**OSS Q3 10-Q filed. Financials and ops updated.**

AI Summary

One Stop Systems, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported its financial performance and operational updates. Key financial details and business segments are outlined in the filing, which provides a snapshot of the company's status during the third quarter of 2024.

Why It Matters

This filing provides investors and stakeholders with the latest financial performance and operational details for One Stop Systems, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains standard financial reporting for a public company, but specific risks related to customer concentration and operational expenses are present.

Key Numbers

• 2024-01-01 to 2024-09-30 — Reporting Period (Nine months ended September 30, 2024)
• 2023-01-01 to 2023-09-30 — Prior Period (Nine months ended September 30, 2023)

Key Players & Entities

• ONE STOP SYSTEMS, INC. (company) — Filer
• 20240930 (date) — Reporting Period End Date
• 20241106 (date) — Filing Date
• Bressner Technology GmbH (company) — Subsidiary/Related Entity
• Commerzbank AG (company) — Lender

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share OSS The Nasdaq

Filing Documents

• oss-20240930.htm (10-Q) — 2330KB
• oss-ex31_1.htm (EX-31.1) — 16KB
• oss-ex31_2.htm (EX-31.2) — 16KB
• oss-ex32_1.htm (EX-32.1) — 8KB
• oss-ex32_2.htm (EX-32.2) — 8KB
• 0000950170-24-121839.txt ( ) — 9568KB
• oss-20240930.xsd (EX-101.SCH) — 1348KB
• oss-20240930_htm.xml (XML) — 1770KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Consolidated Balance Sheets 4 Unaudited Consolidated Statements of Operations 5 Unaudited Consolidated Statements of Comprehensive Loss 6 Unaudited Consolidated Statements of Stockholders' Equity 7 Unaudited Consolidated Statements of Cash Flows 9 Notes to Unaudited Consolidated Financial Statements 11 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.

Controls and Procedures

Controls and Procedures 41

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A

Risk Factors

Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosures 42 Item 5. Other Information 42 Item 6. Exhibits 42

– FINANC IAL INFORMATION

PART I – FINANC IAL INFORMATION

Financi al Statements

Item 1. Financi al Statements. In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to present fairly our financial position, results of operations, and cash flows for the interim periods presented. We have presented financial statements in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC"). Therefore, such financial statements do not include all disclosures required by accounting principles generally accepted in the United States of America. In preparing these unaudited consolidated financial statements, management has evaluated events and transactions for potential recognition or disclosure through the date the unaudited consolidated financial statements were issued by filing with the SEC. This Quarterly Report on Form 10-Q for the three month and nine month periods ended September 30, 2024 (this "Quarterly Report"), should be read in conjunction with our audited financial statements for the year ended December 31, 2023, included in our Annual Report on Form 10-K, filed with the SEC on March 21, 2024. The results of operations for the three month and nine months periods ended September 30, 2024, are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2024. 3 ONE STOP SYSTEMS, INC. (OSS) CONSOLIDA TED BALANCE SHEETS Unaudited Audited September 30, December 31, 2024 2023 ASSETS Current assets Cash and cash equivalents $ 9,402,608 $ 4,048,948 Short-term investments (Note 3) 3,180,213 7,771,820 Accounts receivable, net (Note 4) 9,327,339 8,318,247 Inventories, net (Note 5) 15,300,745 21,694,748 Prepaid expenses and other current assets 960,236 611,066 Total current assets 38,171,141 42,444,829 Property and equipment, net 1,858,348 2,370,224 Operating lease right-of use assets 1,609,278 1,922,784 D

View Full Filing

View this 10-Q filing on SEC EDGAR