|
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: | |
| Loss from original issue discount on convertible notes payable | |
| Change in fair value of convertible notes payable | |
| Provision for credit losses | |
| Interest on finance lease liability – related party, denominated in Euros | |
| Stock-based compensation – direct listing fees | |
| Non-cash issuance of commitment shares in conjunction with convertible note payable | |
| Foreign exchange gain on loan receivable – related party | |
| Accretion of deferred liability – related party | |
| Changes in operating assets and liabilities: | |
| Accounts receivable | |
| Interest receivable – related party | |
| Prepaid expenses and other current assets | |
| Accounts payable | |
| Accrued expenses | |
| Direct listing fees payable | |
| Due to related party, net | |
| Interest payable – stockholder loan | |
| Deferred revenue | |
| Net cash used in operating activities | |
| Cash Flows from Financing Activities: | |
| Prepayments for finance lease – related party, denominated in Euros – purchase option | |
| Payments on finance lease – related party | |
| Payments made on stockholder loan | |
| Payments made on deferred liability – related party | |
| Proceeds from issuance common stock | |
| Proceeds from convertible notes payable, net of $240,000 discount | |
| Payments on convertible notes payable | |
| Net cash provided by financing activities | |
| Net Change in Cash | |
| Cash – Beginning of Year | |
| Cash – End of Year | |
| Supplemental cash flow information | |
| Cash paid for interest | |
| Noncash investing and financing activities: | |
| Acquisition of loan receivable – related party for common stock issued and a deferred liability | |
| Right of use asset – finance – related party obtained in exchange for lease liability – finance - related party, denominated in Euros | |
| Conversion of convertible note to common stock |
Loading...
