$TRUG Cashflow Statement | Understand Stock

$TRUG

$0.79 -$0.07 (8.67%) Live

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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	FY2022 12 months to Mar 31, 2023	FY2021 12 months to Mar 31, 2022
Cash flows from operating activities:
Net loss
Unrealized loss from the trust account
Investment income earned on investments held in Trust Account
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Amortization of convertible notes discount
Amortization of right-of-use asset
Change in fair value of derivative liability
Bad debt expense
Change in OCI
Loss on extinguishment of debt
Stock issued for make good provisions on debt conversion
Stock options issued to employees
Stock issued for services
Changes in operating assets and liabilities:
Accounts receivable, net
Inventory, net
Prepaid expenses
Accrued expenses
Accrued expenses - related parties
Taxes payable
Other current assets
Other assets
Accounts payable
Deferred revenue
Accrued interest payable
Accrued and other current liabilities
Other liabilities
Lease liability
Net cash used in operating activities
Investment of cash in Trust Account

Cash flows from investing activities:
Distribution for taxes payments
Cash released from trust account
Investment of cash in Trust Account
Purchases of property and equipment
Capitalized software, net
Sale of short-term investments
Net cash provided by (used in) investing activities
Proceeds from sale of Units, net of underwriting discounts paid
Proceeds from sale of Private Placement Units

Cash flows from financing activities:
Proceeds from PIPE loans, net of discount
Proceeds from exercise of Series A Preferred warrants
Proceeds from notes payable - related party
Cash used for common stock redemption
Proceeds from sale of Units, net of underwriting discounts paid
Proceeds from sale of Private Placement Units
Payment of offering costs
Due to related party
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
Proceeds from investment fund (PIPE)
Cash acquired in Merger
Debt refinance conversion
Costs of Merger paid from PIPE loan
Repayments of line of credit
Repayments of loans assumed in Merger
Repayments of liabilities assumed in Merger
Repayments of notes payable
Repayments of notes payable - related party
Net cash provided by financing activities

Net change in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash - beginning of year
Cash, cash equivalents and restricted cash - end of year
Supplemental cash flow information:
Interest
Initial classification of common stock subject to possible redemption
Deferred underwriting fee payable
Additional shares issued to sponsor due to upsize of IPO
Reclassification of Class A common stock
Remeasurement for Class A common stock subject to possible redemption
Non-cash investing and financing activities:
PIPE note principal converted to Class A Common Stock
Dividend note principal converted to Class A and Class B Common Stock
Exchange of PIPE Notes and Series A and B Warrants for Series A Convertible Preferred Stock and Warrants for Series A Convertible Preferred Stock
Series A Convertible Preferred Stock issued in exchange of PIPE Notes
Series A Convertible Preferred Stock dividends converted to Class A Common Stock
Right-of-use assets obtained in exchange for operating lease liabilities (lease modification)
Convertible notes exchanged for PIPE note
Class A Common Stock exchanged in Merger
Class A Common Stock issued in Merger
Class B Common Stock issued in Merger
Derivative liability related to warrants
Termination of loan payable

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