{"url_path":"/sec/boxl/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1624512/0001628280-26-035695-index.html","accession_number":"0001628280-26-035695","cik":"0001624512","ticker":"BOXL","issuer_name":"Boxlight Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1624512/0001628280-26-035695-index.html","primary_entity_key":"0001624512","primary_entity_name":"Boxlight Corp"},"word_count":626,"has_tables":true,"body_markdown":"boxl-20260331\n0001624512--12-31false2026Q1P3Y0.20.16660.20.16665 years, 6 months0.3333P5Dxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pureboxl:segmentboxl:dayboxl:yearboxl:voteboxl:planboxl:period00016245122026-01-012026-03-3100016245122026-05-1100016245122025-01-012025-03-3100016245122026-03-3100016245122025-12-310001624512us-gaap:NonrelatedPartyMember2026-03-310001624512us-gaap:NonrelatedPartyMember2025-12-310001624512us-gaap:RelatedPartyMember2026-03-310001624512us-gaap:RelatedPartyMember2025-12-310001624512us-gaap:SeriesAPreferredStockMember2026-03-310001624512us-gaap:SeriesAPreferredStockMember2025-12-310001624512us-gaap:SeriesBPreferredStockMember2026-03-310001624512us-gaap:SeriesBPreferredStockMember2025-12-310001624512us-gaap:CommonClassAMember2025-12-310001624512us-gaap:CommonClassAMember2026-03-310001624512us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-12-310001624512us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-12-310001624512us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-12-310001624512us-gaap:AdditionalPaidInCapitalMember2025-12-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001624512us-gaap:RetainedEarningsMember2025-12-310001624512us-gaap:CommonClassAMemberboxl:AtTheMarketOfferingMemberus-gaap:CommonStockMember2026-01-012026-03-310001624512boxl:AtTheMarketOfferingMemberus-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001624512boxl:AtTheMarketOfferingMember2026-01-012026-03-310001624512us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001624512us-gaap:RetainedEarningsMember2026-01-012026-03-310001624512us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2026-03-310001624512us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2026-03-310001624512us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-03-310001624512us-gaap:AdditionalPaidInCapitalMember2026-03-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310001624512us-gaap:RetainedEarningsMember2026-03-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2024-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2024-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:AdditionalPaidInCapitalMember2024-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:RetainedEarningsMember2024-12-310001624512srt:ScenarioPreviouslyReportedMember2024-12-310001624512srt:RestatementAdjustmentMemberus-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001624512us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2024-12-310001624512us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2024-12-310001624512us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001624512us-gaap:AdditionalPaidInCapitalMember2024-12-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001624512us-gaap:RetainedEarningsMember2024-12-3100016245122024-12-310001624512us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-01-012025-03-310001624512us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001624512us-gaap:RetainedEarningsMember2025-01-012025-03-310001624512us-gaap:SeriesAPreferredStockMemberus-gaap:PreferredStockMember2025-03-310001624512us-gaap:SeriesBPreferredStockMemberus-gaap:PreferredStockMember2025-03-310001624512us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-03-310001624512us-gaap:AdditionalPaidInCapitalMember2025-03-310001624512us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001624512us-gaap:RetainedEarningsMember2025-03-3100016245122025-03-310001624512us-gaap:CommonClassAMember2025-12-160001624512us-gaap:SeriesCPreferredStockMember2025-12-310001624512srt:ScenarioPreviouslyReportedMemberus-gaap:RelatedPartyMember2025-01-012025-12-310001624512srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMemberus-gaap:RelatedPartyMember2025-01-012025-12-310001624512us-gaap:RelatedPartyMember2025-01-012025-12-310001624512srt:ScenarioPreviouslyReportedMember2025-01-012025-12-310001624512srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember2025-01-012025-12-3100016245122025-01-012025-12-310001624512us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2026-03-310001624512us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2026-03-310001624512us-gaap:FairValueInputsLevel1Member2026-03-310001624512us-gaap:FairValueInputsLevel2Member2026-03-310001624512us-gaap:FairValueInputsLevel3Member2026-03-310001624512us-gaap:FairValueInputsLevel1Memberus-gaap:NonrelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel2Memberus-gaap:NonrelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel3Memberus-gaap:NonrelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel1Memberus-gaap:RelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel2Memberus-gaap:RelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel3Memberus-gaap:RelatedPartyMember2026-03-310001624512us-gaap:FairValueInputsLevel1Member2025-12-310001624512us-gaap:FairValueInputsLevel2Member2025-12-310001624512us-gaap:FairValueInputsLevel3Member2025-12-310001624512us-gaap:FairValueInputsLevel1Memberus-gaap:NonrelatedPartyMember2025-12-310001624512us-gaap:FairValueInputsLevel2Memberus-gaap:NonrelatedPartyMember2025-12-310001624512us-gaap:FairValueInputsLevel3Memberus-gaap:NonrelatedPartyMember2025-12-310001624512us-gaap:FairValueInputsLevel1Memberus-gaap:RelatedPartyMember2025-12-310001624512us-gaap:FairValueInputsLevel2Memberus-gaap:RelatedPartyMember2025-12-310001624512us-gaap:FairValueInputsLevel3Memberus-gaap:RelatedPartyMember2025-12-310001624512boxl:CommonWarrantLiabilitiesMember2025-12-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2025-12-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2025-12-310001624512boxl:LongTermIncentivePlanMember2025-12-310001624512boxl:CommonWarrantLiabilitiesMember2026-01-012026-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2026-01-012026-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001624512boxl:LongTermIncentivePlanMember2026-01-012026-03-310001624512boxl:CommonWarrantLiabilitiesMember2026-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2026-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2026-03-310001624512boxl:LongTermIncentivePlanMember2026-03-310001624512boxl:CommonWarrantLiabilitiesMember2024-12-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2024-12-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2024-12-310001624512boxl:LongTermIncentivePlanMember2024-12-310001624512boxl:CommonWarrantLiabilitiesMember2025-01-012025-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2025-01-012025-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001624512boxl:LongTermIncentivePlanMember2025-01-012025-03-310001624512boxl:CommonWarrantLiabilitiesMember2025-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:NonrelatedPartyMember2025-03-310001624512us-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:RelatedPartyMember2025-03-310001624512boxl:LongTermIncentivePlanMember2025-03-310001624512us-gaap:EmployeeStockOptionMember2026-01-012026-03-310001624512boxl:UnvestedRestrictedSharesMember2026-01-012026-03-310001624512us-gaap:WarrantMember2026-01-012026-03-310001624512us-gaap:EmployeeStockOptionMember2025-01-012025-03-310001624512boxl:UnvestedRestrictedSharesMember2025-01-012025-03-310001624512us-gaap:WarrantMember2025-01-012025-03-310001624512boxl:PreferredStockConversionMember2025-01-012025-03-310001624512boxl:InteractiveDevicesMembersrt:MinimumMember2026-01-012026-03-310001624512boxl:InteractiveDevicesMembersrt:MaximumMember2026-01-012026-03-310001624512boxl:NonInteractiveProjectorsMember2026-01-012026-03-310001624512srt:MinimumMember2026-01-012026-03-310001624512srt:MaximumMember2026-01-012026-03-3100016245122026-04-012026-03-3100016245122027-04-012026-03-3100016245122028-04-012026-03-3100016245122029-04-012026-03-3100016245122030-04-012026-03-310001624512us-gaap:ProductMember2026-01-012026-03-310001624512us-gaap:ProductMember2025-01-012025-03-310001624512us-gaap:ServiceMember2026-01-012026-03-310001624512us-gaap:ServiceMember2025-01-012025-03-310001624512us-gaap:CommonClassAMember2025-02-142025-02-140001624512us-gaap:CommonClassAMember2025-12-162025-12-160001624512srt:MinimumMemberus-gaap:PatentsMember2026-03-310001624512srt:MaximumMemberus-gaap:PatentsMember2026-03-310001624512us-gaap:PatentsMember2026-03-310001624512us-gaap:PatentsMember2025-12-310001624512srt:MinimumMemberus-gaap:CustomerRelationshipsMember2026-03-310001624512srt:MaximumMemberus-gaap:CustomerRelationshipsMember2026-03-310001624512us-gaap:CustomerRelationshipsMember2026-03-310001624512us-gaap:CustomerRelationshipsMember2025-12-310001624512srt:MinimumMemberus-gaap:TechnologyBasedIntangibleAssetsMember2026-03-310001624512srt:MaximumMemberus-gaap:TechnologyBasedIntangibleAssetsMember2026-03-310001624512us-gaap:TechnologyBasedIntangibleAssetsMember2026-03-310001624512us-gaap:TechnologyBasedIntangibleAssetsMember2025-12-310001624512us-gaap:NoncompeteAgreementsMember2026-03-310001624512us-gaap:NoncompeteAgreementsMember2025-12-310001624512srt:MinimumMemberus-gaap:TradeNamesMember2026-03-310001624512srt:MaximumMemberus-gaap:TradeNamesMember2026-03-310001624512us-gaap:TradeNamesMember2026-03-310001624512us-gaap:TradeNamesMember2025-12-310001624512srt:MaximumMember2026-03-310001624512boxl:WhitehawkIncMemberus-gaap:NotesPayableOtherPayablesMember2026-03-310001624512boxl:WhitehawkIncMemberus-gaap:NotesPayableOtherPayablesMember2025-12-310001624512boxl:WhitehawkIncMemberus-gaap:BridgeLoanMember2025-03-240001624512boxl:WhitehawkIncMemberus-gaap:BridgeLoanMember2025-03-242025-03-240001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-08-112025-08-110001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-09-302025-09-300001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-020001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-022025-12-020001624512us-gaap:SecuredOvernightFinancingRateSofrMemberboxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-022025-12-020001624512boxl:ReferenceRateMemberboxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-022025-12-020001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-010001624512us-gaap:SecuredOvernightFinancingRateSofrMemberboxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-182025-12-180001624512boxl:ReferenceRateMemberboxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-182025-12-180001624512boxl:ReferenceRateMemberboxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-172025-12-170001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-01-010001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-180001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-182025-12-180001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-12-310001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2026-01-310001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2026-02-280001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2026-03-310001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-04-012025-05-310001624512boxl:WhitehawkIncMemberboxl:TermLoanCreditAgreementMember2025-03-240001624512boxl:WhitehawkIncMemberus-gaap:CommonClassAMember2022-01-012022-01-310001624512boxl:WhitehawkIncMemberus-gaap:CommonClassAMember2021-12-310001624512boxl:WhitehawkIncMemberus-gaap:CommonClassAMember2021-12-312021-12-310001624512boxl:WhitehawkIncMember2021-12-310001624512boxl:WhitehawkIncMember2021-12-312021-12-310001624512boxl:WhitehawkIncMember2022-03-310001624512boxl:WhitehawkIncMember2022-07-220001624512boxl:WhitehawkIncMember2025-02-190001624512boxl:WhitehawkIncMember2025-09-230001624512boxl:MarketValueOfCommonStockOnMeasurementDateMember2026-03-310001624512us-gaap:MeasurementInputExercisePriceMember2026-03-310001624512us-gaap:MeasurementInputRiskFreeInterestRateMember2026-03-310001624512us-gaap:MeasurementInputExpectedTermMember2026-03-310001624512us-gaap:MeasurementInputPriceVolatilityMember2026-03-310001624512us-gaap:MeasurementInputExpectedDividendRateMember2026-03-310001624512boxl:MarketValueOfCommonStockOnMeasurementDateMember2025-12-310001624512us-gaap:MeasurementInputExercisePriceMember2025-12-310001624512us-gaap:MeasurementInputRiskFreeInterestRateMember2025-12-310001624512us-gaap:MeasurementInputExpectedTermMember2025-12-310001624512us-gaap:MeasurementInputPriceVolatilityMember2025-12-310001624512us-gaap:MeasurementInputExpectedDividendRateMember2025-12-310001624512country:US2026-01-012026-03-310001624512country:US2025-01-012025-03-310001624512country:GB2026-01-012026-03-310001624512country:GB2025-01-012025-03-310001624512boxl:NonVotingSeriesAPreferredStockMember2026-03-310001624512us-gaap:SeriesCPreferredStockMember2026-03-310001624512boxl:GenesisCollaborationLLCMemberus-gaap:SeriesAPreferredStockMember2017-11-302017-11-300001624512boxl:SaharaHoldingLimitedMemberus-gaap:SeriesBPreferredStockMember2020-09-252020-09-250001624512boxl:SaharaHoldingLimitedMemberus-gaap:SeriesCPreferredStockMember2020-09-252020-09-250001624512us-gaap:SeriesBPreferredStockMember2020-09-250001624512us-gaap:SeriesBPreferredStockMember2020-09-252020-09-250001624512us-gaap:CommonClassAMember2020-09-250001624512us-gaap:SeriesCPreferredStockMember2020-09-250001624512us-gaap:SeriesCPreferredStockMember2020-09-252020-09-250001624512us-gaap:SeriesCPreferredStockMember2025-10-012025-10-010001624512us-gaap:CommonClassAMember2025-10-012025-10-010001624512us-gaap:CommonClassAMember2025-10-010001624512us-gaap:SeriesBPreferredStockMember2025-10-012025-10-010001624512us-gaap:SeriesBPreferredStockMemberboxl:October22027Member2025-10-012025-10-010001624512us-gaap:SeriesBPreferredStockMemberboxl:October22028Member2025-10-012025-10-010001624512us-gaap:SeriesBPreferredStockMemberboxl:October22029Member2025-10-012025-10-010001624512us-gaap:SeriesBPreferredStockMemberboxl:October22030Member2025-10-012025-10-010001624512us-gaap:SeriesBPreferredStockMember2025-10-010001624512us-gaap:CommonClassBMember2026-03-310001624512us-gaap:CommonClassAMember2026-01-012026-03-310001624512us-gaap:CommonClassBMember2026-01-012026-03-310001624512us-gaap:CommonClassBMember2025-12-310001624512us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-02-192025-02-190001624512boxl:PreFundedWarrantsMemberus-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-02-190001624512boxl:CommonStockWarrantsMemberus-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-02-190001624512us-gaap:PrivatePlacementMember2025-02-192025-02-190001624512boxl:PreFundedWarrantsMemberus-gaap:PrivatePlacementMember2025-02-190001624512boxl:CommonStockWarrantsMemberus-gaap:PrivatePlacementMember2025-02-190001624512us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-09-232025-09-230001624512us-gaap:CommonClassAMemberus-gaap:PrivatePlacementMember2025-09-230001624512us-gaap:PrivatePlacementMember2025-09-232025-09-230001624512us-gaap:CommonClassAMemberboxl:AtTheMarketOfferingMember2025-10-160001624512us-gaap:CommonClassAMemberboxl:AtTheMarketOfferingMember2025-10-162025-10-160001624512us-gaap:CommonClassAMemberboxl:AtTheMarketOfferingMember2025-01-012025-12-310001624512boxl:AtTheMarketOfferingMember2025-01-012025-12-310001624512us-gaap:CommonClassAMemberboxl:AtTheMarketOfferingMember2026-01-212026-01-210001624512boxl:PreFundedWarrantsMemberus-gaap:PrivatePlacementMember2022-07-220001624512boxl:EquityIncentivePlan2014Member2026-03-310001624512boxl:EquityIncentivePlan2021Member2026-03-310001624512boxl:EquityIncentivePlan2021Member2021-01-012023-03-310001624512us-gaap:EmployeeStockOptionMember2026-01-012026-03-310001624512us-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001624512us-gaap:RestrictedStockUnitsRSUMember2025-12-310001624512us-gaap:RestrictedStockUnitsRSUMember2026-03-310001624512boxl:SeniorManagementMemberboxl:LongTermIncentivePlanMember2024-08-150001624512srt:DirectorMemberboxl:LongTermIncentivePlanMember2024-08-150001624512srt:DirectorMemberboxl:LongTermIncentivePlanMember2026-03-310001624512srt:MaximumMemberboxl:LongTermIncentivePlanMember2024-08-150001624512boxl:LongTermIncentivePlanMember2026-01-012026-03-310001624512boxl:LongTermIncentivePlanMember2026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:EmployeeStockOptionMember2026-01-012026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:EmployeeStockOptionMember2025-01-012025-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:RestrictedStockUnitsRSUMember2025-01-012025-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberboxl:WarrantsMember2026-01-012026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberboxl:WarrantsMember2025-01-012025-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberboxl:LongTermIncentivePlanMember2026-01-012026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMemberboxl:LongTermIncentivePlanMember2025-01-012025-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMember2026-01-012026-03-310001624512us-gaap:GeneralAndAdministrativeExpenseMember2025-01-012025-03-310001624512srt:MinimumMemberboxl:LongTermIncentivePlanMember2024-08-150001624512boxl:MarkElliottMemberboxl:SalesMarketingManagementAndRelatedConsultingServicesMember2022-11-012022-11-010001624512boxl:MarkElliottMemberboxl:SalesMarketingManagementAndRelatedConsultingServicesMember2026-01-012026-03-310001624512boxl:MarkElliottMemberboxl:SalesMarketingManagementAndRelatedConsultingServicesMember2025-01-012025-03-310001624512boxl:ManagementAgreementMemberus-gaap:RelatedPartyMember2018-01-312018-01-310001624512boxl:ManagementAgreementMemberus-gaap:RelatedPartyMember2024-01-042024-01-040001624512boxl:ManagementAgreementMember2025-01-012025-03-310001624512boxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMember2025-05-270001624512boxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMember2025-05-272025-05-270001624512boxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMember2025-11-032025-11-030001624512boxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMember2025-11-030001624512us-gaap:RelatedPartyMemberboxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMember2025-11-030001624512boxl:InventoryFinanceAgreementMemberus-gaap:SubsequentEventMember2026-04-010001624512boxl:InventoryFinanceAgreementMemberus-gaap:SubsequentEventMember2026-04-012026-04-010001624512boxl:J.J.ASTORMemberboxl:InventoryFinanceAgreementMemberus-gaap:SubsequentEventMember2026-04-010001624512us-gaap:PurchaseCommitmentMember2026-03-310001624512boxl:InventoryFinanceAgreementMember2025-11-030001624512boxl:InventoryFinanceAgreementMember2025-11-032025-11-030001624512boxl:InventoryFinanceAgreementMemberus-gaap:RelatedPartyMember2026-03-310001624512boxl:InventoryFinanceAgreementMemberus-gaap:RelatedPartyMember2025-12-310001624512boxl:SupplierOneMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2026-01-012026-03-310001624512boxl:SupplierOneMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2026-03-310001624512boxl:SupplierOneMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2025-01-012025-03-310001624512boxl:SupplierOneMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2025-03-310001624512boxl:SupplierTwoMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2026-01-012026-03-310001624512boxl:SupplierTwoMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2026-03-310001624512boxl:SupplierTwoMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2025-01-012025-03-310001624512boxl:SupplierTwoMemberus-gaap:SupplierConcentrationRiskMemberus-gaap:CostOfGoodsTotalMember2025-03-310001624512us-gaap:OperatingSegmentsMemberboxl:AmericaSegmentMember2026-01-012026-03-310001624512us-gaap:OperatingSegmentsMemberboxl:EuropeMiddleEastAndAfricaSegmentMember2026-01-012026-03-310001624512us-gaap:OperatingSegmentsMemberboxl:GeographicRegionsOtherThanAmericaEuropeMiddleEastAndAfricaSegmentMember2026-01-012026-03-310001624512us-gaap:IntersegmentEliminationMember2026-01-012026-03-310001624512us-gaap:OperatingSegmentsMemberboxl:AmericaSegmentMember2025-01-012025-03-310001624512us-gaap:OperatingSegmentsMemberboxl:EuropeMiddleEastAndAfricaSegmentMember2025-01-012025-03-310001624512us-gaap:OperatingSegmentsMemberboxl:GeographicRegionsOtherThanAmericaEuropeMiddleEastAndAfricaSegmentMember2025-01-012025-03-310001624512us-gaap:IntersegmentEliminationMember2025-01-012025-03-310001624512boxl:AmericaSegmentMember2026-03-310001624512boxl:AmericaSegmentMember2025-12-310001624512boxl:EuropeMiddleEastAndAfricaSegmentMember2026-03-310001624512boxl:EuropeMiddleEastAndAfricaSegmentMember2025-12-310001624512boxl:GeographicRegionsOtherThanAmericaEuropeMiddleEastAndAfricaSegmentMember2026-03-310001624512boxl:GeographicRegionsOtherThanAmericaEuropeMiddleEastAndAfricaSegmentMember2025-12-310001624512us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2026-05-040001624512us-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2026-05-050001624512us-gaap:SubsequentEventMember2026-05-050001624512us-gaap:LineOfCreditMemberboxl:EquityLineOfCreditMemberus-gaap:SubsequentEventMember2026-05-050001624512us-gaap:LineOfCreditMemberboxl:EquityLineOfCreditMemberus-gaap:SubsequentEventMember2026-05-052026-05-05\n\n[Table of Contents](#ie2ba2148180445d98db935b937c4b08a_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ______________ to ______________\n\nCommission File Number 001-37564\n\nBOXLIGHT CORPORATION\n\n(Exact name of registrant as specified in its charter)\n\nNevada 36-4794936\n\n(State or other jurisdiction of\nincorporation or organization) (I.R.S. Employer\nIdentification Number)\n\n2750 Premiere Parkway, Suite 900\n\nDuluth, Georgia 30097\n\n(Address of principal executive offices) (Zip Code)\n\n(678) 367-0809\n\n(Registrant’s telephone number, including area code)\n\nN/A\n\n(Former name, former address and former fiscal year, if changed since last report)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass A Common Stock, par value $0.0001 per share\nBOXL\nThe Nasdaq Stock Market LLC\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange 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 x No o\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes x No o\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated fileroAccelerated filero\n\nNon-accelerated filerxSmaller reporting companyx\n\nEmerging growth companyo\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x\n\nThe number of shares outstanding of the registrant’s Class A common stock on May 11, 2026 was 4,001,707.\n\n[Table of Contents](#ie2ba2148180445d98db935b937c4b08a_7)\n\nBOXLIGHT CORPORATION\n\nTABLE OF CONTENTS\n\n Page No.\n\n[PART I. Financial Information](#ie2ba2148180445d98db935b937c4b08a_10)\n\n[Item 1.](#ie2ba2148180445d98db935b937c4b08a_13)\nUnaudited Condensed Consolidated Financial Statements\n[3](#ie2ba2148180445d98db935b937c4b08a_13)\n\nUnaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2026 and 2025\n\n[3](#ie2ba2148180445d98db935b937c4b08a_16)\n\nUnaudited Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025\n\n[4](#ie2ba2148180445d98db935b937c4b08a_19)\n\nUnaudited Condensed Consolidated Statements of Changes in Stockholders’ (Deficit) Equity for the three months ended March 31, 2026 and 2025\n\n[5](#ie2ba2148180445d98db935b937c4b08a_25)\n\nUnaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025\n\n[7](#ie2ba2148180445d98db935b937c4b08a_31)\n\nNotes to Unaudited Condensed Consolidated Financial Statements\n[8](#ie2ba2148180445d98db935b937c4b08a_34)\n\n[Item 2.](#ie2ba2148180445d98db935b937c4b08a_118)\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations\n[33](#ie2ba2148180445d98db935b937c4b08a_118)\n\n[Item 3.](#ie2ba2148180445d98db935b937c4b08a_163)\nQuantitative and Qualitative Disclosure About Market Risk\n[44](#ie2ba2148180445d98db935b937c4b08a_163)\n\n[Item 4.](#ie2ba2148180445d98db935b937c4b08a_166)\nControls and Procedures\n[44](#ie2ba2148180445d98db935b937c4b08a_166)\n\n[PART II. Other Information](#ie2ba2148180445d98db935b937c4b08a_169)\n\n[Item 1.](#ie2ba2148180445d98db935b937c4b08a_172)\nLegal Proceedings\n[45](#ie2ba2148180445d98db935b937c4b08a_172)\n\n[Item 1A.](#ie2ba2148180445d98db935b937c4b08a_175)\nRisk Factors\n[46](#ie2ba2148180445d98db935b937c4b08a_175)\n\n[Item 2.](#ie2ba2148180445d98db935b937c4b08a_178)\nUnregistered Sale of Equity Securities, Use of Proceeds and Issuer Purchase of Equity Securities\n[47](#ie2ba2148180445d98db935b937c4b08a_178)\n\n[Item 3.](#ie2ba2148180445d98db935b937c4b08a_181)\nDefaults Upon Senior Securities\n[47](#ie2ba2148180445d98db935b937c4b08a_181)\n\n[Item 4.](#ie2ba2148180445d98db935b937c4b08a_184)\nMine Safety Disclosures\n[47](#ie2ba2148180445d98db935b937c4b08a_184)\n\n[Item 5.](#ie2ba2148180445d98db935b937c4b08a_187)\nOther Information\n[47](#ie2ba2148180445d98db935b937c4b08a_187)\n\n[Item 6.](#ie2ba2148180445d98db935b937c4b08a_190)\nExhibits\n[48](#ie2ba2148180445d98db935b937c4b08a_190)\n\nSignatures\n[49](#ie2ba2148180445d98db935b937c4b08a_193)\n\n[Table of Contents](#ie2ba2148180445d98db935b937c4b08a_7)\n\nPART I. FINANCIAL INFORMATION"}