Freight Technologies Q2 2025 10-Q Filing
Ticker: FRGT · Form: 10-Q · Filed: Aug 18, 2025 · CIK: 1687542
Sentiment: neutral
Topics: 10-Q, freight, transportation, financials
TL;DR
Freight Technologies filed its Q2 2025 10-Q. Check financials.
AI Summary
Freight Technologies, Inc. filed its quarterly report for the period ending June 30, 2025. The company, formerly known as Hudson Capital Inc. and China Internet Nationwide Financial Services, Inc., is involved in freight transportation. The filing details financial information and business operations for the second quarter of 2025.
Why It Matters
This filing provides investors with an update on Freight Technologies' financial performance and operational status for the second quarter of 2025, crucial for assessing the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with financial reporting and market performance.
Key Numbers
- 20250630 — End of Reporting Period (Indicates the specific quarter the financial data pertains to.)
- 20250818 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Freight Technologies, Inc. (company) — Filer of the 10-Q
- Hudson Capital Inc. (company) — Former name of Freight Technologies, Inc.
- China Internet Nationwide Financial Services, Inc. (company) — Former name of Freight Technologies, Inc.
- 20250630 (date) — End of the reporting period
- 20250818 (date) — Filing date
FAQ
What is the primary business of Freight Technologies, Inc.?
Freight Technologies, Inc. is engaged in the arrangement of transportation of freight and cargo, as indicated by its SIC code 4731.
What was the previous name of Freight Technologies, Inc.?
Freight Technologies, Inc. was formerly known as Hudson Capital Inc. and prior to that, China Internet Nationwide Financial Services, Inc.
For which period is this 10-Q filing?
This 10-Q filing is for the period ended June 30, 2025.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on August 18, 2025.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 4,583 words · 18 min read · ~15 pages · Grade level 16.5 · Accepted 2025-08-18 17:30:43
Filing Documents
- form10-q.htm (10-Q) — 1052KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 10KB
- ex32-2.htm (EX-32.2) — 10KB
- 0001641172-25-024669.txt ( ) — 5728KB
- frgt-20250630.xsd (EX-101.SCH) — 48KB
- frgt-20250630_cal.xml (EX-101.CAL) — 62KB
- frgt-20250630_def.xml (EX-101.DEF) — 201KB
- frgt-20250630_lab.xml (EX-101.LAB) — 396KB
- frgt-20250630_pre.xml (EX-101.PRE) — 326KB
- form10-q_htm.xml (XML) — 771KB
Financial Statements
Financial Statements 3 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 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.
Controls and Procedures
Controls and Procedures 29 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 30 Item 1A.
Risk Factors
Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31
Signatures
Signatures 32 2 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS FREIGHT TECHNOLOGIES, INC. UNAUDITED
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS Page Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 4 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity (Deficit) 6 Unaudited Condensed Consolidated Statements of Cash Flows 7 Notes to Unaudited Financial Statements 8 3 FREIGHT TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2025 (unaudited) December 31, 2024 (audited) ASSETS: Current assets: Cash and cash equivalents $ 586,658 $ 204,032 Accounts receivable, net 5,610,917 3,533,330 Unbilled receivables 846,784 520,037 Prepaid expenses and other current assets 1,052,777 792,147 Total current assets 8,097,136 5,049,546 Capitalized software, net 564,423 574,109 Property and equipment, net 9,441 13,238 Other long-term assets - 39,988 Security deposits 7,818 7,818 Cryptocurrencies 8,376,410 - Other intangible assets, net 5,139 5,546 Total assets $ 17,060,367 $ 5,690,245 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT): Current liabilities: Accounts payable $ 1,374,120 $ 1,442,517 Accrued expenses 1,143,820 1,280,563 Short-term borrowings 4,851,762 3,343,710 Convertible debt 500,000 - Income tax payable 297,363 278,215 Insurance financing payable 109,922 - Total current liabilities 8,276,987 6,345,005 Total liabilities 8,276,987 6,345,005 COMMITMENTS AND CONTINGENCIES - - STOCKHOLDERS' EQUITY (DEFICIT) Series A preferred stock, $ 0.0001 par value, unlimited shares authorized; 6,054,823 and 1,815,438 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 606 182 Series B preferred stock, $ 0.0001 par value, 21,000,000 shares authorized; 1,262,074 issued and outstanding at June 30, 2025 and December 31, 2024 126 126 Series seed preferred stock, $ 0.0001 par val