$FRGT Cashflow Statement | Understand Stock

$FRGT

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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 flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on disposal of fixed assets
Depreciation and amortization
Amortization of debt issuance costs and debt discount
Interest accrued on note payable
Share-based compensation
Non-cash interest
Loss on initial issuance of private warrants
Change in fair market value of warrant liabilities
Change in fair market value of convertible note
Change in fair value of cryptocurrency
Amortization of derivative liability
Change in fair value of derivative liability
Conversion inducement expense
Shares issued to vendors in exchange for services
Gain from extinguishment of debt
Changes in operating assets and liabilities:
Accounts receivable
Other receivables
Prepayments
Due from related parties
Accrued payroll
Other payables and accruals
Unbilled receivables
Account receivable – related party
Prepaid expense and other assets
Security deposits
Accounts payable
Long-term prepayment
Estimated Liabilities
Accrued expenses
Income tax payable

Net cash used in operating activities

Cash flows from investing activities:
Capitalization of software development costs
Purchase of property and equipment
Loans to third parties
Proceeds on disposal of fixed assets
Cash acquired from acquisition of Jak Solar Loans 1 Limited
Net cash used in investing activities

Cash flows from financing activities:
Proceeds from shares and warrants placement (net of offering cost of $100,000 (2020: $222,000))
Proceeds from warrant exercises
Proceeds from issuance of notes payable, net of discounts
Repayment of note payable
Repayment of insurance financing payable
Proceeds from stock option exercises
Repayment of cryptocurrency due to cancellation of agreement
Proceeds from issuance of common stock from ATM Offering
Repayment of short-term borrowings
Proceeds from short-term borrowings
Net proceeds
Proceeds from issuance of series preferred B
Payment for issuance costs
Net cash provided by financing activities

Net (decrease) increase in cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash
Cash and cash equivalents at beginning of the period
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows
Supplemental disclosure of cash flow information
Cash paid for interest
Supplemental disclosure of non-cash activity
Conversion of convertible notes to preferred stock at the Merger
Issuance of 2,311,248 Series A4 Preferred Stock in exchange for Cryptocurrency (11,300,000 FET Token)
Financing of insurance premiums
Debt discount in connection with note payable
Elimination of notes payable from consolidation upon Merger
Repayment of note payable through the issuance of series A4 shares
Issuance of ordinary shares for professional services
Conversion of convertible notes to preferred stock
Conversion of convertible notes to ordinary shares
Conversion of preferred stock to ordinary shares
Conversion of warrants to ordinary shares

Cash and cash equivalents
Restricted cash in escrow

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