$ISPC Cashflow Statement | Understand Stock

$ISPC

$0.84 +$0.02 (2.79%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

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:
Stock-based compensation expense
Common shares issued in exchange for services
Proceeds from issuance of common stock in exchange for services
Amortization of internally developed software
Amortization of other intangible assets
Depreciation of property and equipment
Bad debt expense
Amortization of debt issuance costs on note payable
Amortization of discount and debt issuance costs on convertible notes
Amortization of discount on bridge notes
Change in fair value of derivative liabilities
Loss on extinguishment on bridge notes
Loss on extinguishment of convertible notes
Gain on extinguishment on note payable
Write-off of other intangible assets
Write-off of accounts receivable – unbilled
Write-off of accounts payable
Write-off of internally developed software
Non-cash interest income related to accretion of discount on available-for-sale securities
Loss from sales of available-for-sale securities
Loss on disposal of property and equipment

Change in operating assets and liabilities:
Accounts receivable - unbilled
Accounts receivable – unbilled
Accounts receivable
Inventory
Prepaid expenses and other current assets
Operating lease right-of-use asset
Security deposit
Tax credit receivable
Accounts payable
Accrued expenses
Accrued interest
Operating lease liability
Deferred revenue
Net cash used in operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Capitalization of intangible asset under development
Capitalization of other intangible assets
Purchase of property and equipment
Purchase of leasehold improvements
Purchase of leasehold improvements included in operating lease right-of-use asset
Purchase of available-for-sale securities
Proceeds from sales and maturities of available-for-sale securities
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of bridge notes payable
Proceeds from issuance of note payable
Proceeds from issuance of term loan
Proceeds from exercise of stock options
Payment of term loan
Proceeds from issuance of common stock in connection with At the Market Offering Agreement
Proceeds from issuance of common stock in with Securities Purchase Agreement
Payment of principal to bridge note holders
Payment of debt issuance costs in connection with note payable
Proceeds from pre-funded warrants
Repurchase of common stock exercisable under PIPE warrants
Proceeds from issuance of common stock in connection with private placement
Payment of transaction costs in connection with the issuance of common stock in connection with PIPE
Payment of transaction costs in connection with the issuance of common stock in connection with private placement
Proceeds from exercise of warrants
Proceeds from issuance of over-allotment shares of common stock , net of transaction costs of $202,499
Payment of offering costs in connection with the issuance of common stock in connection with At the Market Offering Agreement
Payment of offering costs in connection with the issuance of common stock in connection with pre-funded warrants and common shares
Repurchase of common stock purchase warrants exercisable under PIPE warrants
Net cash provided by financing activities

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Supplemental disclosure of cash flow information:
Cash paid for interest
Supplemental disclosure of non-cash investing and financing activities:
Conversion of redeemable convertible preferred stock into common stock
Conversion of convertible notes and accrued interest into common stock
Conversion of bridge notes and accrued interest into common stock
Issuance of common stock warrants as offering costs in connection with public offering of common stock
Issuance of common stock warrants in connection with term loan
Issuance of common stock warrants in connection with private placement
Non-cash amounts of lease liabilities arising from obtaining right-of use-assets
Non-cash amounts of lease liabilities reducing from terminating right-of-use assets
Non-cash adjustment to reduce lease liabilities and right-of-use assets due to lease termination
Stock issuance costs included in accounts payable and accrued expenses

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