RiskOn International, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2024 3 months to Jun 30, 2024	FY2023 12 months to Mar 31, 2023	FY2021 1 months to Jun 22, 2021	FY2020 12 months to Mar 31, 2020
Net loss
Adjustments to reconcile net loss to net cash used in operating activities
Change in non-controlling interest
Loss on acquisition of Bitnile.com
Depreciation, amortization, and impairment
Cryptocurrency impairment losses
Debt modification expense
Share-based compensation
Change in fair value of investment in White River Energy Corp
Change in fair value of warrant derivative liabilities
Change in fair value of preferred stock derivative liabilities
Gain on exchange of warrants
Gain on conversion of debt
Forgiveness of debt
(Gain) loss on exchange of warrants
Interest expense on warrant derivative liabilities
Commitment fees on credit facility advances
Derivative (income) expense
Loss on conversion of derivative liabilities to common stock
Share-based compensation - employees
Loss on conversion of debt and liabilities to common stock

Accounts receivable
Loss on disposal of fixed assets
Bad debt expense
Interest expense on warrant derivative liabilities
Loss on disposal of White River and Pinnacle Frac
(Gain) on disposal of Trend Discovery Holdings
Common shares issued for services
Common shares issued for services - Agora
Change in non-controlling interest
Amortization of discounts
Impairment of development fee
Bad debt on note receivable
Depreciation, amortization and impairment
Loss on acquisition of BNC
Legal costs of ATM facility
Debt modification expense
Share-based compensation
Change in fair value of investment in WTRV
Change in fair value of warrant derivative liabilities
Change in fair value of preferred stock derivative liabilities
Derivative income
Loss on conversion of derivative liabilities to common stock
Loss on disposal of WTRV and Pinnacle Frac Transport LLC (“Pinnacle Frac”)
Gain on disposal of Trend Discovery Holdings, LLC (“Trend Discovery”)
Commitment fees on ELOC and long-term debt
Development expenses reduced from refund of power development fee
Impairment of development fee and bad debt on note receivable
Changes in assets and liabilities
Intangible assets - Bitcoin
Amortization of right of use asset - financing leases
Intangible assets - cryptocurrencies
Amortization of right of use asset - operating leases
Deferred revenue
Accounts receivable
Prepaid expenses and other current assets
Amortization of right-of-use asset, operating leases
Accrued interest receivable
Other current liabilities
Lease liability
Operating lease and rent expense
Accounts payable
Accrued liabilities

Total adjustments
Net cash used in operating activities of continuing operations
Net cash provided by (used in) discontinued operations
Net cash provided by discontinued operations
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Cash received in acquisition of Trend Holdings
Cash acquired in acquisition of Banner Midstream
Cash received in acquisition of Banner Midstream
Investment in Banner Midstream (pre-acquisition)
Proceeds from the sale of fixed assets
Proceeds from sale of fixed assets
Proceeds from the sale of power development costs
Purchase of fixed assets

Net cash used in investing activities of continuing operations
Net cash provided by investing activities of discontinued operations
Accounts payable
Accrued expenses
Due to prior owners
Accrued interest
Other current liabilities
Lease liability
Liabilities of discontinued operations
Asset retirement obligation
Asset retirement obligations
Notes payable - related parties
Long-term debt
Total net assets acquired
Other receivables
Other assets
Goodwill
Net cash (used in) provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from former parent of Bitnile.com
Repayments of debt
Proceeds from AAI advances
Proceeds from notes payable - related parties
Repayments of notes payable - related parties
Proceeds from long-term debt
Repayment of long-term debt
Repayment to prior owners
Proceeds from issuance of preferred stock, net of fees
Proceeds from credit facility
Proceeds from the sale of common stock under ATM
Proceeds from exercise of warrants, net of fees
Repayment of obligation to third party to be reflected as future redemptions of Series A Preferred stock
Proceeds from the issuance of common stock under ATM
Proceeds from the sale of preferred stock

Net cash provided by financing activities of continuing operations
Net cash used in financing activities of discontinued operations
Net cash provided by financing activities
NET DECREASE IN CASH AND CASH EQUIVALENTS
CASH AND RESTRICTED CASH- END OF YEAR
CASH - BEGINNING OF YEAR
CASH - END OF YEAR
SUPPLEMENTAL DISCLOSURES
Cash paid for interest expense
SUMMARY OF NON-CASH ACTIVITIES:
Other receivables
Exchange of common stock for warrants
Issuance of shares for prepaid expenses
Preferred stock converted into common stock
Issuance of shares for prepaid services
Conversion of long-term debt and notes payable and accrued interest into common stock
Shares issued for warrant exercise and derivative liability
Oil and gas receivable
Prepaid expenses
Property and equipment
Right of use assets
Oil and gas properties
Customer relationships
Non-compete agreements
Assets of discontinued operations
Non-controlling interest recorded in consolidation of Wolf Energy Services, Inc.
Issuance costs on mezzanine equity
Non-controlling interest recorded in consolidation of Wolf Energy Services, Inc. (“Wolf Energy”)
Preferred shares/derivative liability converted into common stock
Mezzanine equity reclassified to liability upon amendment

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