Cyngn (CYN) - Net Assets

Net assets on the balance sheet as of June 2024 : $9.7 Million USD

According to Cyngn's latest financial reports the company has $9.7 Million USD in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Cyngn - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$$10.63 M	-55.9%
2022-12-31	$$24.11 M	8.41%
2021-12-31	$$22.24 M	297.44%
2020-12-31	$$5.59 M	-59.45%
2019-12-31	$$13.8 M

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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Cyngn (CYN) - Net assets