Nano Magic Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of Cash Flows

In USD, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
Net loss used in continuing operations
Net income from discontinued operations
Total net loss
Adjustments to reconcile net loss to net cash used by operating activities:
Change in inventory obsolescence reserve
Depreciation and amortization expense
Gain on sale of property and equipment, net
Gain on forgiveness of loan
Bad debt expense
Stock-based compensation
Stock issued for services
Income from investment in subsidiary
Change in operating assets and liabilities:
Accounts receivable
Accounts receivable - related party
ERTC Receivable
Inventory
Prepaid expenses and contract assets
Accounts payable - related parties
Accrued expenses and other current liabilities
Customer deposits and contract liabilities
Accounts payable and accrued expenses
Accounts payable
Accounts payable - related party
Operating lease liabilities
Contract liabilities
Accrued expenses

Total adjustments
Net cash used by continuing operating activities
Net cash used by discontinued operating activities
NET CASH USED BY OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Net activity on investments
Net activity on certificate of deposit
Proceeds from note receivable
Purchases of property and equipment
Net cash provided (used) by continuing investing activities
Net cash used by discontinued investing activities

NET CASH PROVIDED BY INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans
Proceeds from bank lines of credit
Repayment of bank lines of credit
Repayment of debt
Proceeds from advances from related parties
Proceeds from issuance of convertible debt and warrants
Repayment of bank loans
Repayment of finance leases
Repayment of advances from related parties
Net cash provided by continuing financing activities
Net cash provided by discontinued financing activities
NET CASH PROVIDED BY FINANCING ACTIVITIES

NET INCREASE IN CASH
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations
CASH in continuing operations, beginning of year
CASH in discontinued operations, beginning of year
Total cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations
CASH, end of period
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Equipment acquired on finance leases
Warrants issued to lessor
Cash paid during the period for interest

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