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FY2025
12 months to Dec 31, 2025
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|---|---|
| Cash flows from operating activities | |
| Net income (loss) | |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities | |
| Stock-based compensation expense | |
| Non-cash severance expense | |
| Net realizable value adjustments | |
| Change in fair value of notes payable | |
| Change in fair value of loans payable to related party | |
| Amortization of debt discount | |
| Fee shares to related party | |
| Loss on issuance of debt | |
| Loss on issuance of debt- related party | |
| Conversion of NRA shares post deSPAC | |
| ELOC commitment fee expense | |
| Fair value adjustment related to promissory note | |
| Change in fair value of derivative asset | |
| Changes in operating assets and liabilities: | |
| Accounts receivable | |
| Related party receivables | |
| Inventories | |
| Other current assets | |
| Related party payable | |
| Accounts payable | |
| Professional fees payable | |
| Accrued expenses and other current liabilities | |
| Net cash used in operating activities | |
| Cash flows from investing activities: | |
| Cash acquired in Acquisition | |
| Cash paid for construction in progress | |
| Net cash used in investing activities | |
| Cash flows from financing activities: | |
| Proceeds from member contributions | |
| Proceeds from loan payable to related party | |
| Proceeds from note payable | |
| Payment of note payable | |
| Proceeds from borrowing | |
| Debt settlement | |
| ELOC at the market stock sales | |
| Net cash provided by financing activities | |
| Net decrease in cash, cash equivalents and restricted cash | |
| Cash, cash equivalents and restricted cash at beginning of year | |
| Cash, cash equivalents and restricted cash at the end of year | |
| Supplemental disclosure of noncash investing and financing activities | |
| Capitalization of debt closing costs to construction in progress | |
| Issuance of common stock in exchange for members’ equity in Acquisition | |
| Assumption of net assets (liabilities) in Acquisition | |
| Issuance of membership units to settle related party payables | |
| Assumption of net assets (liabilities) from Business Combination | |
| Conversion of convertible note payable to related parties into New XCF common stock | |
| Issuance of common stock for ELOC commitment fee | |
| Conversion of non redemption agreement | |
| Fee shares to related party | |
| Interest capitalization on notes payable | |
| Interest capitalization on financial liability | |
| Convertible note issued for services from vendor |
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