Airship AI Holdings Inc 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended:March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No.001-40222 Airship AI Holdings, Inc.(Exact name of registrant as specified in its charter) 93-4974766(I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 8210 154th Ave NE, Redmond, WA(Address of principal executive offices) 98052(Zip Code) (877) 462-4250(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class The Nasdaq Stock Market LLCThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As ofMay 8, 2026, there were a total of 34,439,562 shares of the registrant’s common stock issued and outstanding. Airship AI Holdings, Inc. Quarterly Report on Form 10-QQuarterly Period Ended March 31, 2026 TABLE OF CONTENTS PART I Item 1.Financial Statements (Unaudited).3Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the three monthsended March 31, 2026 and 20254Condensed Consolidated Statements of Changes in Stockholders’ Deficit5Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 20256Notes to the Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3.Quantitative and Qualitative Disclosures About Market Risk29Item 4.Controls and Procedures30 Item 1.Legal Proceedings31Item 1A.Risk Factors31Item 2.Unregistered Sales of Equity Securities and Use of Proceeds31Item 3.Defaults Upon Senior Securities31Item 5.Other Information31Item 6.Exhibits32SIGNATURES33 PART I ITEM 1. FINANCIAL STATEMENTS. AIRSHIP AI HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSAs of March 31, 2026 and December 31, 2025 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES:Accounts payable - trade$1,208,951$1,149,811Accrued expenses53,83527,966Current portion of operating lease liability449,980438,635Deferred revenue- current portion5,488,2604,668,105Total current liabilities7,201,0266,284,517 NON-CURRENT LIABILITIES:Operating lease liability, net of current portion308,396425,109Warrant liability11,828,60413,328,006Earnout liability3,347,1202,620,933Deferred revenue- non-current3,638,8013,966,407Total liabilities26,323,94726,624,972 The accompanying notes are an integral part of these condensed consolidated financial statements. AIRSHIP AI HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT(Unaudited) AIRSHIP AI HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the three months ended March 31, 2026 and 2025(Unaudited) AIRSHIP AI HOLDINGS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Organization Airship AI Holdings, Inc. (the “Company” or “Airship”) is a holding company incorporated in Delaware that executes businessthrough its wholly owned subsidiary, Airship AI, Inc. (“Airship AI”). Prior to the formation of Super Simple AI, Inc. in 2022, theCompany operated as Airship AI, Inc. (formerly known as JDL Digital Systems, Inc.). On March7, 2023, Super Simple AI, Inc.changed its name to Airship AI Holdings