|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
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|---|---|---|
| Cash flows from operating activities: | ||
| Net (loss) income | ||
| Adjustments to reconcile from net (loss) income to net cash used in operating activities: | ||
| Amortization of right-of-use assets | ||
| Bad debt expense | ||
| Loss on disposal | ||
| Deferred compensation | ||
| Depreciation | ||
| Deferred taxes | ||
| Amortization of intangible assets | ||
| Amortization of debt issuing cost | ||
| Stock-based compensation | ||
| Changes in operating assets and liabilities | ||
| Accounts receivable | ||
| Contract assets | ||
| Prepaid expenses | ||
| Prepaid expense-related party | ||
| Interest receivable from loan receivable | ||
| Security deposit | ||
| Accounts payable and accrued expenses | ||
| Income taxes payable | ||
| Deferred revenue | ||
| Lease liability | ||
| Lease liability – related party | ||
| Net cash used for operating activities | ||
| Cash flows from investing activities: | ||
| Payment of loan receivable | ||
| Repayment from loan receivable | ||
| Purchase of intangible assets | ||
| Deposit on property and equipment – related party | ||
| Purchases of property and equipment | ||
| Net cash used in investing activities | ||
| Cash flows from financing activities: | ||
| Proceeds from loans payable | ||
| Deferred offering costs | ||
| Proceeds from loan payable | ||
| Proceeds from loan payable-related party | ||
| Repayments of loan payable | ||
| Debt issuance costs paid | ||
| Issuance of common stock, net of issuance cost | ||
| Net cash provided by financing activities | ||
| Net increase (decrease) in cash | ||
| Cash, beginning of year | ||
| Cash, end of year | ||
| Cash paid during the year for: | ||
| Interest | ||
| Income taxes |
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