Nuburu, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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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.
FY2024 · Filed Apr 15, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| · · Year EndedDecember 31, | ||||||
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| Cash Flows from Operating Activities: · · · | ||||||
| Net loss | | $(34,515,754) | | $(20,710,446) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization | | 790,529 | | 505,898 | ||
| Stock-based compensation | | 1,866,095 | | 2,490,409 | ||
| Change in fair value of warrant liabilities | (2,109,904) | (1,766,513) | ||||
| Change in fair value of derivative liability | (141,100) | — | ||||
| Inventory reserve adjustments | 28,012 | 840,467 | ||||
| Operating lease right-of-use asset | 383,753 | 319,426 | ||||
| Amortization of debt discount | 2,381,617 | 416,636 | ||||
| Amortization of deferred financing costs | 590,740 | 105,924 | ||||
| Loss on extinguishment of debt | 20,504,307 | — | ||||
| Changes in operating assets and liabilities: | | | | |||
| Accounts receivable | | 482,279 | | (155,079) | ||
| Inventories | | (203,494) | | (1,613,781) | ||
| Prepaid expenses and other current assets | (6,494) | (268,118) | ||||
| Accounts payable | | 1,585,696 | | 2,715,504 | ||
| Accrued expenses | 2,108,562 | 116,001 | ||||
| Contract liabilities | (6,400) | (148,350) | ||||
| Operating lease liability | | (355,385) | | (388,141) | ||
| Net cash used in operating activities | | (6,616,941) | | (17,540,163) | ||
| Cash Flows from Investing Activities: | | | | | ||
| Purchase of property and equipment | | — | | (1,167,751) | ||
| Net cash used in investing activities | | — | | (1,167,751) | ||
| Cash Flows from Financing Activities: | | | | |||
| Proceeds from issuance of common stock | 200,000 | — | ||||
| Proceeds from issuance of warrants | 2,180,522 | — | ||||
| Proceeds from debt borrowings | 1,796,824 | — | ||||
| Shareholder advances | 644,936 | — | ||||
| Proceeds from issuance of Legacy Nuburu convertible promissory notes | | — | | 4,100,000 | ||
| 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 | ||||
| Restricted stock units used for tax withholdings | (73,204) | (33,903) | ||||
| 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 | (71,500) | (259,899) | ||||
| Net cash provided by financing activities | | 4,677,578 | | 17,976,360 | ||
| NET CHANGE IN CASH DURING THE PERIOD | | (1,939,363) | | (731,554) | ||
| CASH AND CASH EQUIVALENTS ―BEGINNING OF PERIOD | | 2,148,700 | | 2,880,254 | ||
| CASH AND CASH EQUIVALENTS ―END OF PERIOD | | $209,337 | | $2,148,700 | ||
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $— | | $263,939 | |||
| Transfer of property and equipment from inventory | $154,971 | $430,666 | ||||
| Transfer of property and equipment from prepaid expenses | $— | $198,600 | ||||
| Purchase of property and equipment in accounts payable and accrued expenses | $431,970 | $540,028 | ||||
| Deferred financing costs included in accounts payable and accrued expenses | $712,363 | | $681,845 | |||
| Transaction costs related to the reverse recapitalization not yet paid | $1,007,439 | | $1,007,439 | |||
| Issuance of Common Stock upon conversion of preferred stock | $— | $65 | ||||
| Issuance of Common Stock upon extinguishment of debt | $25,051,755 | |||||
| Issuance of Common Stock upon conversion of preferred stock in connection with the reverse recapitalization | $— | | $11,575,286 | |||
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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