$SDEV Cashflow Statement | Understand Stock

$SDEV

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$SDEV Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

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
Operating activities:
Net loss
Net income from held-for-sale assets
Net income from discontinued operations, net of taxes
Adjustments to reconcile net loss to net cash used in operating activities:
Gain from early operating lease termination
Impairment of property and equipment
Loss on disposal of property and equipment
Impairment of operating lease right-of-use assets
Depreciation of property and equipment
Amortization of intangible assets
Goodwill, intangible and other asset impairment
Stock-based compensation expense related to employee and director stock awards
Employees and Directors
Share-Based Payment Arrangement, Nonemployee
Total stock-based compensation expense related to employee and director stock awards

Stock option modification expense
Issuance of RSUs to non-employees for services
Nonemployees
Employee
Former Employee
Share-Based Payment Arrangement, Nonemployee
Issuance of warrants in connection with the TLF Warrants
Non-cash loss on divestiture of subsidiary
Non-cash loss on extinguishment of Secured Convertible Note
Non-cash expense incurred to obtain consent of Secured Convertible Note holders
Non-cash loss (gain) on changes in fair value of warrant liability
The 2019 Ladenburg Warrants
Total non-cash loss (gain) on changes in fair value of warrant liability

Non-cash (gain) on changes in fair value of embedded derivative liability
Interest expense related to amortization of debt issuance and debt discount
Interest expense related to amortization of debt issuance related to related party note payable
Non-cash loss on changes in fair value of embedded derivative liability
Non-cash gain on changes in fair value of contingent liability
Non-cash loss on modification of common stock warrants
Non-cash loss on modification of warrants
Non-cash right-of-use amortization
Impairment of long-lived assets
Amortization of debt discounts on convertible notes

Changes in operating assets and liabilities:
Accounts receivable
Inventory
Prepaid expenses and other current assets
Operating lease right-of-use assets
Other assets
Accounts payable and accrued liabilities
Deferred rent
Related party note payable
Long-term obligations
Operating lease liabilities
Net cash used in operating activities, continuing operations

Proceeds from divestiture of subsidiary
Purchases of property and equipment
Net cash provided by (used in) investing activities, continuing operations
Net cash used in operating activities, continuing operations
Acquisition, net of cash
Financing activities:
Proceeds from Series B Preferred Stock issuances, net
Series B Preferred Stock
Total proceeds from Series B Preferred Stock issuances, net
Cash payment pursuant to warrant exchange
Proceeds from Warrants Exercise
Warrants and Pre-funded Warrants
Total proceeds from Warrants Exercise
Proceeds from exercise of options, net
Proceeds from issuance of related party note payable
Proceeds from stock options & RSUs sold to cover taxes
Proceeds from convertible notes, net of discount
Proceeds from line of credit
Payment on line of credit
Proceeds from issuance of October 2025 pre-funded warrants
Proceeds from issuance of common stock and pre-funded warrants the 2024 Public Offering, net of issuance costs
Proceeds from Bridge Loan
Proceeds from issuance of Secured Convertible Notes and May 2023 Warrants, net of discounts
Payment on Bridge Note
Payments on Secured Convertible Notes
Payment on the related party loan (Note 11)
Payment on redemption of Series F Preferred Stock
Dividend paid
Cash debt issuance cost
Proceeds from issuance of Series C Preferred Stock and November 2022 Warrants, net
Proceeds from common stock issuances, net
Net cash provided by financing activities, continuing operations
Net decrease in cash, cash equivalents, and restricted cash, continuing operations
Net increase in cash and cash equivalents, held-for-sale assets
Net increase in cash and cash equivalents, discontinued operations
Net decrease in cash, cash equivalents and restricted cash, consolidated
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
Cash, cash equivalents and restricted cash, beginning of year
Cash, cash equivalents and restricted cash of continuing operations, end of year
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Interest paid in continuing operations
Income taxes paid
Interest paid in discontinued operations
Conversions of preferred stock to common stock
Conversion of Series B Preferred Stock to Common Stock
Conversion of Series C Preferred Stock to Common Stock
Total conversions of preferred stock to common stock

Reclassification of EmeryStation lease security deposit from long term to short term
Reclassification of EmeryStation sublease security deposit from long term to short term
Down round feature adjustments related to preferred stock
Equity transferred to warrant liabilities
Common stock warrant modification recorded as debt discount
Down round feature adjustments related to common stock warrants
Issuance of derivative liability in conjunction with Unsecured Convertible Notes
Warrant liabilities transferred to equity
The 2019 Ladenburg Warrants
The 2019 Preferred Warrant and 2019 Common Warrant Liability
Warrant Liability
Total warrant liabilities transferred to equity

Non-cash payment of related party loan accrued interest by offsetting related party accounts receivables - see Note 11
Cumulative effect of adoption of New ASU
Addition of operating lease, right-of-use asset
Fixed asset purchases, included in accounts payable and accrued liabilities
Fair value of warrants issued in connection with financings

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