CRYO CELL INTERNATIONAL INC
For the period ended Aug 31, 2024. Filed Oct 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2024 · Filed Oct 15, 2024
CCEL$4.87-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended | ||
|---|---|---|
| August 31, | August 31, | |
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $2,263,710 | $1,668,349 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 444,850 | 1,063,771 |
| Impairment of investment - Tianhe stock | 308,000 | — |
| Change in fair value of contingent consideration | 3,829 | (65,154) |
| Gains on marketable securities | (1,056,052) | (100,082) |
| Unrealized gain on interest rate swap contract | (105,887) | (58,757) |
| Compensatory element of stock options | 631,435 | 641,690 |
| Provision for doubtful accounts | 918,488 | 717,052 |
| Amortization of debt issuance costs | 15,967 | 16,259 |
| Amortization of operating lease right-of-use asset | 237,299 | 236,730 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (1,215,889) | (1,110,755) |
| Prepaid expenses | 102,898 | (152,450) |
| Inventory | 209,209 | 227,428 |
| Other current assets | (26,529) | (23,738) |
| Deposits and other assets, net | (51,553) | (79,574) |
| Accounts payable | (293,685) | 550,266 |
| Accrued expenses | (2,490,236) | (1,814,218) |
| Operating lease liability | (175,633) | (217,671) |
| Deferred revenue | 4,133,696 | 4,076,294 |
| Net cash from operating activities | 3,853,917 | 5,575,440 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,395,360) | (5,124,056) |
| Payment of Duke license agreement | (1,066,667) | (533,333) |
| Proceeds from liquidation of marketable securities | 101,873 | 179,306 |
| Purchases of marketable securities | (1,759,828) | (1,082,924) |
| Sale of marketable securities | 1,358,732 | 397,831 |
| Net cash used in investing activities | (3,761,250) | (6,163,176) |
| Cash flows used in financing activities: | ||
| Treasury stock purchases | (1,423,871) | (799,036) |
| Repayments of note payable | (106,428) | (115,690) |
| Repayment of line of credit | (2,200,000) | (500,000) |
| Proceeds from the exercise of stock options | 1,002 | — |
| Proceeds from line of credit | 3,200,000 | 950,000 |
| Proceeds from Swap termination | 228,000 | — |
| Payment of Cord:Use earnout | — | (67,500) |
| Net cash used in financing activities | (301,297) | (532,226) |
| Increase (decrease) in cash and cash equivalents | (208,630) | (1,119,962) |
| Cash and cash equivalents - beginning of period | 406,067 | 1,703,958 |
| Cash and cash equivalents - end of period | $197,437 | $583,996 |
| Supplemental non-cash operating activities: | ||
| Lease liability arising from right-of-use asset | $100,932 | $737,867 |
| Supplemental investing activities: | ||
| Construction costs payable | $(880,348) | $363,225 |
| Duke license agreement payable | $— | $266,667 |
| Supplemental cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $1,482,909 | $1,363,934 |
| Income taxes | $2,385,096 | $1,504,647 |
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