Nuburu Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
BURU$0.20-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| · · Nine Months EndedSeptember 30, | ||||||
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| Cash Flows from Operating Activities: · · · | ||||||
| Net loss | | $(22,765,563) | | $(15,959,530) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 596,256 | | 369,971 | ||
| Stock-based compensation | | 1,512,292 | | 1,895,789 | ||
| Change in fair value of warrant liabilities | (2,156,186) | (1,002,647) | ||||
| Change in fair value of derivative liability | (141,100) | — | ||||
| Inventory reserve adjustments | 28,012 | 754,840 | ||||
| Amortization of debt discount | 2,218,506 | — | ||||
| Amortization of deferred financing costs | 551,431 | — | ||||
| Loss on extinguishment of debt | 11,685,125 | — | ||||
| Changes in operating assets and liabilities: | | | ||||
| Accounts receivable | | 427,679 | | (142,704) | ||
| Inventories | | (203,497) | | (957,916) | ||
| Prepaid expenses and other current assets | (370,806) | (492,507) | ||||
| Operating lease right-of-use asset | 285,476 | 231,463 | ||||
| Accounts payable | | 1,138,413 | | 2,695,273 | ||
| Accrued expenses | 1,964,723 | (447,024) | ||||
| Contract liabilities | (6,400) | 51,325 | ||||
| Operating lease liability | | (264,200) | | (255,514) | ||
| Net cash used in operating activities | | (5,499,839) | | (13,259,181) | ||
| Cash Flows from Investing Activities: | | | | | ||
| Purchase of property and equipment | | — | | (1,142,910) | ||
| Net cash used in investing activities | | — | | (1,142,910) | ||
| Cash Flows from Financing Activities: | | | | |||
| Proceeds from issuance of June 2023 Senior Convertible Notes and Warrants | — | 9,225,000 | ||||
| Proceeds from issuance of common stock | 200,000 | — | ||||
| Proceeds from issuance of pre-funded warrants | 2,139,866 | — | ||||
| Proceeds from the exercise of stock options | — | 6,999 | ||||
| Restricted stock units used for tax withholdings | (73,088) | (31,595) | ||||
| Proceeds from the issuance of Legacy Nuburu preferred stock | — | 5,000 | ||||
| Proceeds from reverse recapitalization | — | 3,243,079 | ||||
| Proceeds from debt borrowings | 743,000 | — | ||||
| 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) | ||||
| Proceeds from issuance of Legacy Nuburu convertible promissory notes | | — | | 4,100,000 | ||
| Repayment of related party convertible promissory notes | — | (675,000) | ||||
| Payment of offering costs related to the 2023 Note and Warrant Purchase Agreement | — | (25,000) | ||||
| Shareholder advances | 644,936 | — | ||||
| Payment of deferred financing costs | (71,500) | (65,000) | ||||
| Net cash provided by financing activities | | 3,583,214 | | 13,148,567 | ||
| NET CHANGE IN CASH DURING THE PERIOD | | (1,916,625) | | (1,253,524) | ||
| CASH AND CASH EQUIVALENTS ―BEGINNING OF PERIOD | | 2,148,700 | | 2,880,254 | ||
| CASH AND CASH EQUIVALENTS ―END OF PERIOD | | $232,075 | | $1,626,730 | ||
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
| Transfer of property and equipment from inventory | $154,971 | $— | ||||
| Purchase of property and equipment in accounts payable and accrued expenses | $540,028 | $— | ||||
| Deferred financing costs included in accounts payable and accrued expenses | $712,363 | | $— | |||
| Transaction costs related to the reverse recapitalization not yet paid | $1,007,439 | | $1,007,439 | |||
| Convertible promissory notes and warrants issuance costs included in accounts payable and accrued expenses | $— | $160,345 | ||||
| Issuance of Common Stock upon extinguishment of debt | $15,184,704 | $— | ||||
| 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.