Saleen Automotive, 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

	FY2019 12 months to Mar 31, 2019	FY2014 12 months to Mar 31, 2014	FY2013 9 months to Mar 31, 2013
Net loss
Cash flows from operating activities
Net loss
Net income (loss)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Forgiveness of debt
Amortization
Organizational expense
Change in fair value of derivative liability
Depreciation and amortization
Change in fair value of derivative liabilities
Gain on extinguishment of derivative liability
Loss (gain) on settlement of notes payable and accounts payable, related party
Loss on extinguishment of debt
Amortization of discount on senior secured convertible notes
Shares issued for directors fees to related parties
Shares issued for services
Depreciation
Amortization of discount on convertible notes
Fair value of shares issued for directors fees to related parties
Fair value of shares issued for services
Changes in operating assets and liabilities:
Change in prepaid expense
Cash held in trust account
Accounts receivable
Inventories
Prepaid expenses and other assets
Accounts payable
Payroll, payroll taxes, and other taxes payable
Income taxes payable
Accrued interest on notes payable
Change in deferred expenses
Due to related parties, net
Engineering contract advance
Customer deposits
Other current liabilities
Accounts to be settled by issuance of equity securities

Net cash provided by (used in) operating activities

Cash flows from investing activities
Purchases of property and equipment
Net cash used in investing activities
Cash flows from financing activities
Deferred offing costs paid in cash
Loans from unrelated parties
Repayment of loans from unrelated party
Proceeds from senior secured notes payable
Proceeds from unsecured convertible notes
Proceeds from unsecured convertible notes - related parties
Proceeds from notes payable - related parties
Principal payments on notes payable - related parties
Proceeds from sale of Series B Preferred Stock and warrants in private placement to related party
Proceeds from (repayment of) notes payable to related party
Repayment of notes payable
Proceeds from issuance of Common Stock
Net cash provided by financing activities

Net (decrease) increase in cash
Cash at beginning of period
Cash at end of period
Net increase in cash
Cash at beginning of year
Cash at end of year
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest
Supplemental schedule of non-cash financing activities:
Issuance of Common Stock on conversion of Secured Convertible Notes Payable
Issuance of Common Stock on payment of interest on Notes Payable
Beneficial conversion feature
Issuance of common stock as payment of accounts payable - related party
Issuance of common stock as payment of accounts payable
Derivative liability related to conversion feature
Issuance of Common Stock on conversion of secured convertible Notes Payable and accrued interest
Issuance of Common Stock on conversion of unsecured convertible Notes payable and accrued interest
Issuance of Common Stock as principal on Notes Payable to related parties
Beneficial conversion feature associated with convertible debt financing
Issuance of Common Stock as settlement of accounts payable
Reduction of accrued interest on notes payable offset by a reduction in inventory
Reduction in note payables offset by reductions in accounts receivable
Fair value of beneficial conversion feature of Series B Preferred Stock

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