2024 Q3 Form 10-Q Financial Statement

#000121390024067911 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.733M $2.533M $540.0K
YoY Change 614.76% 369.01% 183.35%
% of Gross Profit
Research & Development $459.8K $400.7K $681.6K
YoY Change -47.27% -41.22%
% of Gross Profit
Depreciation & Amortization $51.72K $102.9K
YoY Change -13.43%
% of Gross Profit
Operating Expenses $4.193M $2.933M $535.1K
YoY Change 702.81% 448.13% 180.8%
Operating Profit -$4.193M -$2.933M -$1.033M
YoY Change 191.47% 183.97%
Interest Expense $7.212M $24.95M $1.450M
YoY Change 1216.69% 1620.53% 690376.19%
% of Operating Profit
Other Income/Expense, Net -$2.444M $24.95M $1.451M
YoY Change -546.18% 1619.8% 679.9%
Pretax Income -$6.637M $22.02M $915.7K
YoY Change -26234.84% 2304.54% -20216.5%
Income Tax $0.00 $0.00 $293.5K
% Of Pretax Income 0.0% 32.05%
Net Earnings -$6.637M $22.02M $622.2K
YoY Change 7462.39% 3438.69% -3008.52%
Net Earnings / Revenue
Basic Earnings Per Share -$0.07 $0.25 -$0.01
Diluted Earnings Per Share -$0.07 $0.23 $0.04
COMMON SHARES
Basic Shares Outstanding 92.48M shares 86.90M shares 69.80M shares
Diluted Shares Outstanding 96.16M shares 69.80M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.189M $256.5K $0.00
YoY Change 59333.0% -100.0%
Cash & Equivalents $1.189M $256.5K $6.258K
Short-Term Investments
Other Short-Term Assets $356.3K $777.1K $200.0K
YoY Change 223.91% 288.57% -27.13%
Inventory $24.43K $24.43K
Prepaid Expenses $163.8K $267.7K $152.7K
Receivables $999.00 $999.00
Other Receivables $302.5K $302.5K
Total Short-Term Assets $2.037M $1.629M $158.9K
YoY Change 1729.08% 925.25% -83.04%
LONG-TERM ASSETS
Property, Plant & Equipment $2.142M $2.194M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.70M
YoY Change -66.94%
Other Assets $778.2K
YoY Change
Total Long-Term Assets $4.064M $4.910M $41.75M
YoY Change -90.44% -88.24% -66.94%
TOTAL ASSETS
Total Short-Term Assets $2.037M $1.629M $158.9K
Total Long-Term Assets $4.064M $4.910M $41.75M
Total Assets $6.101M $6.540M $41.91M
YoY Change -85.68% -84.39% -67.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.072M $3.402M $1.200M
YoY Change 64.72% 183.49% 741.28%
Accrued Expenses $890.4K $890.4K $0.00
YoY Change 0.04% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $2.481M $3.386M $1.300M
YoY Change 33.16% 160.48% 937.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.89M $24.70M $3.497M
YoY Change 481.22% 606.43% 1180.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $24.89M $24.70M $3.497M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $24.89M $24.70M $7.819M
YoY Change 189.24% 215.9% 70.15%
SHAREHOLDERS EQUITY
Retained Earnings -$104.3M -$97.70M -$7.606M
YoY Change 1134.59% 1184.57% 127.07%
Common Stock $11.73K $8.709K $12.00
YoY Change 97675.0% 72475.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$18.79M -$18.16M -$7.605M
YoY Change
Total Liabilities & Shareholders Equity $6.101M $6.540M $41.91M
YoY Change -85.68% -84.39% -67.06%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$6.637M $22.02M $622.2K
YoY Change 7462.39% 3438.69% -3008.52%
Depreciation, Depletion And Amortization $51.72K $102.9K
YoY Change -13.43%
Cash From Operating Activities -$2.136M -$1.501M -$1.050M
YoY Change 274.44% 42.92% 73.43%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$33.10K -$66.48K $89.87M
YoY Change -83.4% -100.07%
Cash From Investing Activities -$33.10K -$66.48K $89.87M
YoY Change -83.4% -100.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.101M 50.00 -88.91M
YoY Change 305.37% -100.0%
NET CHANGE
Cash From Operating Activities -2.136M -1.501M -1.050M
Cash From Investing Activities -33.10K -66.48K 89.87M
Cash From Financing Activities 3.101M 50.00 -88.91M
Net Change In Cash 932.2K -1.567M -90.00K
YoY Change -19519.79% 1641.21% -85.13%
FREE CASH FLOW
Cash From Operating Activities -$2.136M -$1.501M -$1.050M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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Each Unit consists of (i) one share of Solidion Common Stock, (ii) two Series A warrants (“Series A Warrants”) each to purchase one share of Common Stock, and (iii) one Series B warrant (“Series B Warrants”) to purchase such number of shares of Common Stock as determined on the reset date (as defined in the Subscription Agreement), and in accordance with the terms therein.
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