|
FY2025
12 months to Dec 31, 2025
|
|
|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Depreciation | |
| Amortization of operating right-of-use assets | |
| Amortization of discount on debt instrument | |
| Amortization of capitalized software development costs | |
| Interest expenses | |
| Allowance for credit losses | |
| Deferred tax expenses | |
| Change in operating assets and liabilities: | |
| Accounts receivable | |
| Other receivables | |
| Prepayments and other current assets | |
| Prepayments – related party | |
| Accounts payable | |
| Other payables and accrued liabilities | |
| Other payables - related parties | |
| Deferred revenue | |
| Operating lease liabilities | |
| Employee benefit obligations | |
| Net cash used in operating activities | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |
| Purchases of equipment | |
| Capitalized software development costs | |
| Loan to a third party | |
| Repayment of loan by a third party | |
| Net cash used in investing activities | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| Gross proceeds from initial public offering | |
| Payments for initial public offering costs | |
| Proceeds from convertible notes | |
| Proceeds from exercise of warrants | |
| Proceeds from short-term loan - related parties | |
| Nonrelated Party | |
| Related Party | |
| Repayments of short-term loan - related parties | |
| Nonrelated Party | |
| Related Party | |
| Repayments of secured borrowings – recourse factoring liabilities | |
| Repayments of bank loans | |
| Net cash provided by financing activities | |
| EFFECT OF EXCHANGE RATE CHANGES | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | |
| CASH AND CASH EQUIVALENTS, beginning of the year | |
| CASH AND CASH EQUIVALENTS, end of the year | |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |
| Cash paid for income taxes | |
| Cash paid for interest | |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |
| Issuance of warrants | |
| Incremental fair value on modification of warrants | |
| Deferred offering cost charged to additional paid-in capital upon the initial public offering |
Loading...
