$EMPD Cashflow Statement | Understand Stock

$EMPD

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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

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flow from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on debt extinguishment
Gain on change in fair value of financial derivatives and warrant liabilities
Loss (gain) on change in fair value of financial liabilities
Unrealized loss on digital asset
Deferred tax benefit
Loss on repayment of credit facility
(Gain) loss on change in fair value of financial liabilities
Noncash interest income on certificate of deposit
Stock-based compensation
Loss on disposal of tooling
Loss on write down of inventory and inventory deposits
Loss on lease termination
Loss on write-off of property & equipment
Write-off of intangible assets
Loss on sale/write off of property & equipment
Bad debt expense
Non-cash interest expense
Loss on repayment of promissory notes
Amortization of right-of-use assets
Depreciation and amortization
Loss on repayment of May 2024 Notes
Loss on extinguishment of convertible notes
Loss on conversion of convertible notes to common stock
Gain on exercise of Series B Warrants
Changes in operating assets and liabilities:
Accounts receivable
Inventory
Inventory deposits
Prepaid assets and other current assets
Other assets
Right of use asset – operating lease
Accounts payable
Accrued liabilities and vendor settlements
Right-of-use liabilities - operating leases
Customer deposits

Net cash used in operating activities
Cash flow from investing activities:
Purchase of digital assets
Proceeds paid for website development
Purchase of property and equipment
Purchase of intangible assets
Proceeds from sale of property and equipment
Proceeds from insurance settlement
Proceeds from sale of vehicles
Purchase of certificate of deposit

Net cash used in investing activities
Cash flow from financing activities:
Proceeds from SAFE liability
Proceeds from related party notes payable
Repayment of related party notes payable
Repayment of notes payable
Proceeds from WeFunder offering, net of offering costs of $53,500
Proceeds from issuance of Series A preferred stock, net of $205,470 of issuance costs
Proceeds from issuance of Series B preferred stock, net of $890,026 of issuance costs
Proceeds from issuance of promissory notes, net of issuance costs of $96,000
Proceeds from issuance of common stock with promissory notes, net of $65,000 of issuance costs
Proceeds from issuance of common stock from public offerings, net of issuance costs of $629,900
Proceeds from issuance of common stock and pre-funded warrants from public offering, net of issuance costs of $1,210,753
Proceeds from exercise of Series B Warrants
Proceeds from credit facility, net of issuance costs of $194,551
Repayment of credit facility
Proceeds from term loan, net of issuance costs of $149,913
Proceeds from Credit facility, net of issuance costs of $62,804
Proceeds from issuance of common stock units and pre-funded warrant units from February 2025 public offering, net of issuance costs of $1,296,118
Proceeds from issuance of common stock and pre-funded warrants from July 2025 private placement, net of issuance costs of $21,136,401
Proceeds from exercise of buy down warrants
Series B Warrants
Buy Down Warrants
Total proceeds from exercise of buy down warrants
Proceeds from exercise of stock options
Proceeds from the issuance of common stock issued from the At the Market Offering, net of issuance costs of $374,392 in 2025 and $112,814 in 2024
Proceeds from issuance of common stock from public offering, net of issuance costs of $629,900
Proceeds from issuance of convertible notes and warrants, net of issuance costs of $586,968
Proceeds from issuance of common stock units, net of issuance costs of $28,777
Repayment of promissory notes
Proceeds from issuance of common stock from initial public offering, net of issuance costs of $2,949,882
Proceeds from issuance of pre-funded warrant units, net of issuance costs of $342,071
Repurchase of common stock
Repurchase of fractional shares
Proceeds from issuance of common stock units and pre-funded warrant units from July 2024 public offering, net of issuance costs of $1,210,753
Repayment of May 2024 Notes
Proceeds from issuance of May 2024 Notes and warrants, net of issuance costs of $245,150
Proceeds from reduction of exercise price of warrants
Proceeds from issuance of common stock from public offering, net of issuance costs of $1,910,816
Proceeds from issuance of convertible notes, net of issuance costs of $2,312,895
Proceeds from issuance of warrants to convertible note holders, net of issuance costs of $1,003,513

Net cash provided by financing activities
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash transactions:
Recognition of initial right-of-use asset - operating lease
Conversion of SAFE liability to Series A preferred stock
Noncash increase in related party notes payable
Issuance of common stock for exercise of prefunded warrants
Acquisition of property and equipment with note payable
Reclassification of derivative liabilities to equity
Issuance of common stock for digital assets
Transfer of inventory to property & equipment
Transfer of digital assets to lender for collateral
Recognition of right of use asset and liability - operating lease
Conversion of Convertible Notes for common stock
Exchange of Convertible Notes for Preferred Stock
Reclassification of warrant liability to equity for cashless exercise of Series A Warrants
Reclassification of warrant liability to equity for modification of Series B Warrants
Exchange of property & equipment in lieu of payments due for inventory purchases
Exchange of finished goods inventory with vendor for raw materials inventory
Conversion of preferred stock for common stock
Issuance of common stock for exercise of pre-funded warrants

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