Unaudited Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash	$ 56,952	$ 4,202,797
Short-term investment	1,119,677	1,156,875
Inventories, net	190,392	170,892
Prepaid expenses	291,668	158,171
Other receivable	398,550	122,024
Other current assets	73,112	65,937
Total Current Assets	6,043,484	8,065,285
Long-term Investment	4,850,648	5,013,814
Property and Equipment
Cost	5,454,172	5,436,657
Accumulated depreciation	(3,292,976)	(3,085,789)
Total Property and Equipment	2,161,196	2,350,868
Prepayment for land	39,315,937	40,114,286
Prepayment for equipment	325,668	324,866
Net Property and Equipment	41,802,801	42,790,020
Other Assets
Prepayment for equipment and intangible assets – customer projects	9,175,532	8,326,017
Restricted cash	20,077	3,225,905
Intangible asset, net	11,709,434	13,024,692
Goodwill	4,573,819	4,573,819
Right-of-use assets, net – operating leases	211,644	221,417
Deposits	404,818	534,515
Total Other Assets	28,178,974	31,982,503
Total Assets	80,875,907	87,851,622
Current Liabilities
Short-term loan	5,546,907	5,712,244
Convertible long-term bonds payable – current	2,287,349	10,303,775
Convertible long-term note payable - current	23,173,200	23,173,200
Accounts payable	1,900,767	1,900,317
Accrued expenses	7,956,269	5,995,972
Other payable	12,353,185	8,057,112
Contract liability - current	762,000
Long-term loan - current		5,045
Lease liability - current	211,205	168,433
Total Current Liabilities	61,629,528	62,577,808
Long-term Liabilities
Convertible long-term bonds payable	200,000	200,000
Contract liability - non-current		762,000
Lease liability - non-current	89,847	120,932
Restricted stock deposit liability	1,000	1,000
Total Long-Term Liabilities	290,847	1,083,932
Total Liabilities	61,920,375	63,661,740
Stockholders’ Equity
Preferred stock, $0.001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023
Common stock, $0.001 par value, 90,000,000 shares authorized, 18,203,451 shares and 16,720,451 shares (excluding 149,162 unvested restricted shares) issued and outstanding as of September 30, 2024 and December 31, 2023	18,203	16,720
Additional paid in capital	110,561,069	97,015,470
Subscribed capital	3,499,496	5,004,000
Accumulated deficits	(94,166,348)	(77,479,704)
Accumulated other comprehensive loss	(956,888)	(366,604)
Total Stockholders’ Equity	18,955,532	24,189,882
Total Liabilities and Stockholders’ Equity	80,875,907	87,851,622
Related Parties
Current Assets
Account receivable - related parties		41,088
Other receivable - related parties	3,913,133	2,147,501
Other Assets
Prepayment for equipment and intangible assets – customer projects – related parties	2,083,650	2,076,138
Current Liabilities
Other payable - related parties	830,929	726,802
Prepayment from customer - related parties	$ 6,607,717	$ 6,534,908

Aerkomm Inc. 10-Q