Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company develops BolaWrap 150, a hand-held remote restraint device that discharges a Kevlar cord to restrain noncompliant individuals from a range of 10-25 feet. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2016 and is based in Tempe, Arizona.

Wrap Technologies, Inc.

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	4.2	3.6	2.1	4	11.7	5.3
Cash and Cash Equivalents
Short-Term Investments	—	—	2.5	7.5	6.5	13.9
Short-Term Investments
Total Cash and Cash Equivalents	4.2	3.6	4.6	11.5	18.2	19.3
Accounts Receivable	0.9	0.5	3.3	3	1.9	2.8
Accounts Receivable, Net
Total Trade Receivables	0.9	0.5	3.3	3	1.9	2.8
Inventories	5.9	6.2	6.5	5.8	6.5	4
Inventories, Net
Other Current Assets	0.3	0.2	0.7	1	0.7	0.8
Prepaids and Deposits
Total Current Assets	11.3	10.5	15	21.2	27.4	26.9
Total Current Assets
Net Property, Plant & Equipment	1.9	2.1	2.4	2.8	0.8	1
Property and Equipment, Net
Operating Lease Right of Use Assets, Net
Net Intangible Assets	2.3	2.4	2.5	2.6	2.6	2.6
Intangible Assets, Net
Goodwill	—	—	1.6	1.6	—	—
Goodwill
Other Long-Term Assets	0.1	0.2	0.2	0.3	0.1	0.1
Other Assets, Net
Total Assets	15.6	15.1	21.8	28.5	30.9	30.6
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	0.6	0.6	1.1	1.1	1.9	1.4
Accounts Payable
Accrued Expenses	0.9	1.4	1.2	0.7	8.6	1.5
Accrued Liabilities
Deferred and Accrued Officer Compensation
Short-Term Debt	—	—	—	—	—	—
Note Payable
Note Payable to Bank - Short Term
Current Portion of Leases	0.2	0.6	0.6	0.6	0.1	0.1
Operating Lease Liability - Short Term
Unearned Revenue	0.3	0.5	0.5	1.4	0.2	0.2
Deferred Revenue - Short Term
Customer Deposits
Other Current Liabilities	—	10.1	12.8	19.7	—	—
Business Acquisition Liability - Short Term
Warrants- Short Term
Total Current Liabilities	2	13.2	16.2	23.5	10.8	3.2
Total Current Liabilities
Long-Term Debt	—	—	—	—	—	—
Note Payable to Bank - Long Term
Leases	1.8	1.6	1.6	1.7	0.1	0.2
Operating Lease Liability - Long Term
Other Long-Term Liabilities	0	0	0.1	0.1	0.1	0.2
Deferred Revenue- Long Term
Deferred Revenues - Long Term
Deferred Revenue - Long Term
Deferred Revenue - Long Term
Business Acquisition Liability - Long Term
Total Long-Term Liabilities	1.8	1.7	1.8	1.8	0.3	0.4
Total Long-Term Liabilities
Total Liabilities	3.9	14.9	17.9	25.3	11.1	3.5
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Common Shareholders' Equity	11.8	0.3	3.8	3.2	19.8	27.1
Total Stockholders' Equity
Total Shareholders' Equity	11.8	0.3	3.8	3.2	19.8	27.1
Total Liabilities and Shareholders' Equity	15.6	15.1	21.8	28.5	30.9	30.6
Total Liabilities and Stockholders' Equity