$KUST Cashflow Statement | Understand Stock

$KUST

$3.22 +$0.21 (6.98%) Live

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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
Less: net (loss) from discontinued operations, net of tax
Net loss from continuing operations
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization
Gain on sale of property, plant and equipment
Loss on disposal of intangible assets
Goodwill and intangible asset impairment charge
Stock based compensation
Amortization of debt discount
Amortization of debt issuance costs
Convertible debt discount amortization
Loss on conversion of debt
Non-cash interest expense
Gain on extinguishment of liabilities
Loss on extinguishment of convertible debt
Loss on litigation
Provision for doubtful accounts receivable
Provision for doubtful lease receivable
Change in fair value of contingent consideration promissory notes and earn-out agreements
Gain on extinguishment of warrant derivative liabilities
Warrant modification expense
Derivative liability at issuance
Change in fair value of warrant derivative liability
Provision for inventory obsolescence
Provision for loss on litigation settlement receivable
Change in operating assets and liabilities:
Accounts receivable – trade
Accounts receivable – other (including related party)
Inventories
Prepaid expenses
Operating lease right of use assets
Other assets
Accounts payable
Accrued expenses
Accrued interest - related party
Income taxes payable
Lease deposit
Operating lease obligations
Contract liabilities

Net cash used in operating activities
Deferred revenues
Net cash used in operating activities – continuing operation
Net cash provided by operating activities – discontinued operation
Cash Flows from Investing Activities:
Purchases of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchases of intangible assets
Proceeds from sale of intangible assets
Cash paid for acquisition of Country Stampede
Cash paid for acquisition of Medical Billing Company
Cash paid for asset acquisition of Medical Billing Company
Cash paid for acquisition of TicketSmarter
Collection of notes receivable
Net cash provided by (used in) investing activities
Proceeds from sale of land and building
Net cash provided by (used) in investing activities – continuing operation
Net cash provided by (used) in investing activities – discontinued operation

Cash Flows from Financing Activities:
Proceeds from issuance of common stock upon exercise of pre-funded warrants
Proceeds from issuance initial public offering
Repurchase and cancellation of common stock
Distribution to noncontrolling interest in consolidated subsidiary
Net proceeds of February 2025 public equity offering with detachable warrants
Net proceeds of senior promissory notes with commitment shares
Net proceeds of convertible debt with detachable warrants
Net proceeds from September 2025 issuance of senior secured convertible notes with detachable warrants
Net proceeds of unsecured promissory note – entertainment segment
Net proceeds of related party note payable
Net proceeds of revolving loan agreement – Video Solutions Segment
Payments of related party note payable
Proceeds – Commercial Extension of Credit – Entertainment Segment
Payments on convertible debt
Principal payment on contingent consideration promissory notes
Proceeds from issuance of Series A & B convertible redeemable preferred shares, net of issuance costs
Redemption of Series A & B convertible redeemable preferred shares
Payments on Commercial Extension of Credit – Entertainment Segment
Proceeds – Merchant Advances – Video Solutions Segment
Payments on Merchant Advances – Video Solutions Segment
Payments on Senior Secured Promissory Notes – Video Solutions Segment
Proceeds – Merchant Advances – Entertainment Segment
Payments on Merchant Advances – Entertainment Segment
Principal payment on EIDL loan
Issuance of common stock under equity line of credit agreement
Proceeds from issuance of common shares upon exercise of Series B warrants
Net cash provided by financing activities
Net cash provided by financing activities – continuing operation
Net cash used in financing activities – discontinued operation

Net increase (decrease) in cash, cash equivalents and restricted cash
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Supplemental disclosures of cash flow information:
Cash payments for interest
Cash payments for income taxes
Supplemental disclosures of non-cash investing and financing activities:
Restricted common stock grant
Restricted common stock forfeitures
Issuance of contingent consideration earn-out agreement for business acquisitions
Issuance of contingent consideration promissory note for business acquisitions
Issuance of contingent consideration promissory note for asset acquisitions
Common stock issued due to rounding from reverse stock split
Commercial extension of credit repaid through accrued revenue – Entertainment segment
ROU and lease liability recorded on extension (termination) of lease
Assets acquired in business acquisitions
Identifiable intangible assets acquired in business acquisitions
Goodwill acquired in business acquisitions
Liabilities assumed in business acquisitions
ROU and lease liability recorded on extension of lease
Common stock issued as consideration for business acquisitions
Amounts allocated to initial measurement of warrant derivative liabilities in connection to the warrants and pre-funded warrants
Adjustments of accounts payable with the sale proceeds of property, plant and equipment
Conversion of convertible notes payable into common stock
Issuance of common stock through warrant exchange agreement
Cancellation of treasury stock
Debt discount on convertible note
Deemed capital contribution related to modification of notes payable - related party
Fair value of warrants issued with sale of shares
Transition of warrant derivative liability to equity upon exercise of warrants
Issuance of commitment shares in connection with ELOC purchase agreement
Issuance of common stock upon exercise of pre-funded warrants
Reduction in proceeds from sale of building for loan, prepaid rent, and other accrued expenses
Payments to vendors directly from proceeds of sale of common stock
Issuance of commitment shares in connection with bridge financing

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