Nuburu Inc
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 15, 2024
BURU$0.20-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| · · Year EndedDecember 31, | ||||||
|---|---|---|---|---|---|---|
| · 2023 · 2022 | ||||||
| Cash Flows from Operating Activities: · · · | ||||||
| Net loss | | $(20,706,384) | | $(14,129,101) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 505,898 | | 450,505 | ||
| Stock-based compensation | | 2,490,409 | | 2,362,340 | ||
| Change in fair value of warrant liabilities | (1,766,513) | — | ||||
| Inventory reserve adjustments | 840,467 | (258,116) | ||||
| Amortization of debt discount | 416,636 | — | ||||
| Amortization of deferred financing costs | 105,924 | — | ||||
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (155,079) | | (103,925) | ||
| Inventories | | (1,613,781) | | (199,429) | ||
| Prepaid expenses and other current assets | (268,118) | 23,336 | ||||
| Operating lease right-of-use asset | 319,426 | 292,932 | ||||
| Accounts payable | | 2,715,504 | | 628,702 | ||
| Accrued expenses | 111,939 | 1,013,437 | ||||
| Contract liabilities | (148,350) | 5,700 | ||||
| Operating lease liability | | (388,141) | | (314,111) | ||
| Net cash used in operating activities | | (17,540,163) | | (10,227,730) | ||
| Cash Flows from Investing Activities: | | | | | ||
| Purchase of property and equipment | | (1,167,751) | | (536,038) | ||
| Net cash used in investing activities | | (1,167,751) | | (536,038) | ||
| Cash Flows from Financing Activities: | | | | |||
| Proceeds from issuance of Legacy Nuburu convertible promissory notes | | 4,100,000 | | 7,300,000 | ||
| Proceeds from issuance of June 2023 Senior Convertible Notes and Warrants | 9,225,000 | — | ||||
| Proceeds from issuance of November 2023 Junior Notes and Warrants (net of original issue discount) | 5,000,000 | — | ||||
| Proceeds from the exercise of stock options | 6,999 | 147,557 | ||||
| Restricted stock units used for tax withholdings | (33,903) | — | ||||
| Proceeds from the issuance of Legacy Nuburu preferred stock | — | 188,890 | ||||
| Proceeds from reverse recapitalization | 3,243,079 | — | ||||
| Proceeds from the issuance of preferred stock | 5,000 | — | ||||
| Proceeds from issuance of Common Stock from the Lincoln Park Purchase Agreement | 2,099,997 | — | ||||
| Payment of transaction costs related to the reverse recapitalization | (4,734,913) | — | ||||
| Repayment of related party convertible promissory notes | (675,000) | — | ||||
| Payment of deferred financing costs | (259,899) | — | ||||
| Net cash provided by financing activities | | 17,976,360 | | 7,636,447 | ||
| NET CHANGE IN CASH DURING THE PERIOD | | (731,554) | | (3,127,321) | ||
| CASH AND CASH EQUIVALENTS ―BEGINNING OF PERIOD | | 2,880,254 | | 6,007,575 | ||
| CASH AND CASH EQUIVALENTS ―END OF PERIOD | | $2,148,700 | | $2,880,254 | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
| Cash paid for interest | $— | | $— | |||
| Cash paid for income taxes | $— | $— | ||||
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $263,939 | | $934,583 | |||
| Transfer of property and equipment from inventory | $430,666 | $— | ||||
| Transfer of property and equipment from prepaid expenses | $198,600 | $— | ||||
| Purchase of property and equipment in accounts payable and accrued expenses | $540,028 | $— | ||||
| Deferred financing costs included in accounts payable and accrued expenses | $681,845 | | $4,258,515 | |||
| Transaction costs related to the reverse recapitalization not yet paid | $1,007,439 | | $— | |||
| Issuance of Common Stock upon conversion of preferred stock | $65 | |||||
| Issuance of Common Stock upon conversion of preferred stock in connection with the reverse recapitalization | $11,575,286 | | $— | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.