Shareholder equity has been severely compromised, with retained earnings falling to a deficit of $30.2 million as of 2025Q4.
| Total Current Assets | 6.82M | 8.82M | 12.1M | 16.02M | 7.13M | 6.06M | 5.45M | 6.21M |
| Cash & Short-Term Investments | 645.94K | 1.28M | 4.48M | 9.17M | 131.13K | 302.44K | 1.07M | 1.27M |
| Cash Only | 645.94K | 1.28M | 4.48M | 9.17M | 131.13K | 302.44K | 1.07M | 1.27M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 385.26K | 291.98K | 691.1K | 1.89M | 1.63M | 1.22M | 881.64K | 1.07M |
| Days Sales Outstanding | 31.29 | 14.2 | 39.15 | 56.74 | 47.47 | 39.62 | 28.91 | 26.99 |
| Inventory | 5.39M | 5.03M | 5.03M | 4.47M | 5.06M | 4.37M | 3.43M | 3.67M |
| Days Inventory Outstanding | 451.14 | 262.82 | 315.86 | 159.03 | 164.38 | 165.52 | 125.01 | 99.55 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.66M | 5.62M | 6.18M | 5.79M | 2.18M | 2.39M | 3.06M | 1.8M |
| Property, Plant & Equipment | 1.64M | 5.55M | 6.11M | 5.78M | 2.18M | 2.39M | 3.06M | 1.8M |
| Fixed Asset Turnover | 2.74x | 1.35x | 1.05x | 2.10x | 5.76x | 4.69x | 3.64x | 8.02x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19.7K | 72.94K | 72.64K | 1.45K | 3.97K | 3.99K | 3.99K | -1.8M |
| Total Assets | 8.48M | 14.44M | 18.28M | 21.8M | 9.31M | 8.45M | 8.51M | 8.02M |
| Asset Turnover | 0.53x | 0.52x | 0.35x | 0.56x | 1.35x | 1.33x | 1.31x | 1.80x |
| Asset Growth % | -41.26% | -21.02% | -16.14% | 134.2% | 10.13% | -0.66% | 6.14% | - |
| Total Current Liabilities | 3.46M | 1.42M | 1.39M | 1.81M | 4.91M | 3.48M | 2.98M | 3.31M |
| Accounts Payable | 504.46K | 251.06K | 324.63K | 396.63K | 1.9M | 1.35M | 1.31M | 1.13M |
| Days Payables Outstanding | 42.2 | 13.11 | 20.39 | 14.1 | 61.71 | 50.99 | 47.59 | 30.8 |
| Short-Term Debt | 1.89M | 170.73K | 129.72K | 201.22K | 762.83K | 720.48K | 142.33K | 660.58K |
| Deferred Revenue (Current) | 32.62K | 11 | 0 | 6.36K | 222.63K | 25.47K | 44.36K | 15.53K |
| Other Current Liabilities | 355.49K | 68.64K | 287.25K | 335.77K | 882.01K | 72.84K | 522.33K | 137.67K |
| Current Ratio | 1.97x | 6.21x | 8.70x | 8.83x | 1.45x | 1.74x | 1.83x | 1.87x |
| Quick Ratio | 0.41x | 2.66x | 5.09x | 6.36x | 0.42x | 0.48x | 0.68x | 0.77x |
| Cash Conversion Cycle | 440.24 | 263.91 | 334.61 | 201.66 | 150.13 | 154.15 | 106.33 | 95.74 |
| Total Non-Current Liabilities | 168.72K | 382.05K | 490.5K | 536.33K | 915.07K | 877.52K | 1.14M | 73.32K |
| Long-Term Debt | 158.19K | 248.76K | 334.32K | 417.8K | 498.37K | 349.37K | 0 | 0 |
| Capital Lease Obligations | 10.52K | 133.29K | 156.18K | 118.53K | 416.7K | 528.15K | 1.14M | 73.32K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.63M | 1.8M | 1.88M | 2.35M | 5.83M | 4.36M | 4.12M | 3.39M |
| Total Debt | 2.06M | 1.05M | 899.52K | 1.27M | 2.13M | 1.98M | 1.71M | 764.9K |
| Net Debt | 1.41M | -235.09K | -3.58M | -7.9M | 1.99M | 1.68M | 637.59K | -502.67K |
| Debt / Equity | 0.42x | 0.08x | 0.05x | 0.07x | 0.61x | 0.48x | 0.39x | 0.17x |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | -350.22x | -138.63x | -126.91x | -10.22x | -23.00x | -33.88x | -47.55x | -27.70x |
| Total Equity | 4.86M | 12.64M | 16.4M | 19.45M | 3.48M | 4.1M | 4.38M | 4.63M |
| Equity Growth % | -61.57% | -22.95% | -15.68% | 458.91% | -15.04% | -6.56% | -5.28% | - |
| Book Value per Share | 2.38 | 7.00 | 9.08 | 10.77 | 1.93 | 2.27 | 2.43 | 2.56 |
| Total Shareholders' Equity | 4.86M | 12.64M | 16.4M | 19.45M | 3.48M | 4.1M | 4.38M | 4.63M |
| Common Stock | 2.08K | 1.81K | 1.81K | 1.81K | 1.3K | 1.3K | 1.3K | 1.3K |
| Retained Earnings | -30.18M | -10.83M | -7.14M | -3.64M | -1.99M | -599.47K | 415.88K | 1.69M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -212.79K | -334.59K | -260.55K | -45.64K | 375.3K | 323.01K | -250.68K | -111.16K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and insolvency
As reported in financial statements, ILAG's total assets have contracted significantly from a peak of $21.8 million in 2022Q4 to just $8.5 million by 2025Q4, signaling a persistent and accelerating deterioration in the company's overall resource base and fundamental business scale over the last three years.
The consistent decline in total assets suggests that the company is liquidating its operational footprint to fund ongoing losses rather than investing in growth. This trajectory implies that the firm is shrinking its capacity to generate future revenue, which may further exacerbate the existing negative margin profile.
Based on the most recent quarterly data, ILAG's cash reserves have dwindled to $645,939, a sharp decline from the $9.2 million held in 2022Q4, which indicates that the company's liquidity buffer is rapidly approaching a level that may be insufficient to support ongoing operational requirements.
The current ratio of 1.97, while appearing superficially adequate, masks the reality of a business that is consuming cash at an unsustainable rate. Investors should monitor the company's ability to secure external financing, as the current cash runway appears extremely limited given the magnitude of historical operating losses.
According to recent SEC filings, retained earnings have plummeted to a deficit of $30.2 million as of 2025Q4, reflecting a massive erosion of shareholder value that has significantly weakened the company's equity position compared to the $19.5 million in equity reported in 2022Q4.
The accumulation of deep losses in retained earnings suggests that the company has failed to generate a return on invested capital since its inception. This trend indicates that the equity base is being consumed by operational inefficiencies, which may necessitate future dilutive capital raises to maintain solvency.
As indicated by the latest balance sheet, net property, plant, and equipment (PPE) has fallen to $1.6 million from a high of $6.2 million in 2024Q2, suggesting that the company is actively downsizing its manufacturing infrastructure in response to the ongoing collapse in product demand.
The reduction in PPE suggests that the company is attempting to rationalize its cost structure by shedding physical assets. However, this contraction may limit the firm's ability to scale production if market conditions were to improve, effectively locking the company into a smaller, less competitive operational footprint.
Quick answers to the most common questions about buying ILAG stock.
As of 2025, Intelligent Living Application Group Inc. (ILAG) had total assets of $8.5M including $6.8M in current assets.
Intelligent Living Application Group Inc. (ILAG) carries total debt of $2.1M, offset by $0.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Intelligent Living Application Group Inc. (ILAG) has total shareholders' equity (book value) of $4.9M ($2.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Intelligent Living Application Group Inc. (ILAG) reported a current ratio of 1.97x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.