Xiao-I (AIXI) - Net Assets

Net assets on the balance sheet as of December 2023 : -A$13 Million

According to Xiao-I's latest financial reports the company has -A$13 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Xiao-I - Net assets on balance sheet (from 2021 to 2023)

Net assets by year

Year	Net assets	Change
2022-12-31	$-A$13.21 Million	182.95%
2021-12-31	$-A$4.67 Million	-45.89%
2020-12-31	$-A$8.63 Million

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Xiao-I (AIXI) - Net assets