Nuburu, Inc.
For the period ended Mar 31, 2025. Filed May 20, 2025.
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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.
Mar 31, 2025 · Filed May 20, 2025
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
Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(14,020,050) | $(5,705,098) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 446,449 | 256,895 |
| Stock-based compensation | 497,164 | 614,115 |
| Inventory reserve adjustments | — | 28,012 |
| Amortization of debt discount | — | 789,871 |
| Amortization of deferred financing costs | 28,433 | 236,550 |
| Operating lease right-of-use asset | — | 93,626 |
| Change in fair value of warrant liabilities | (127,300) | (3,311) |
| Change in fair value of derivative liability | (37,900) | — |
| Change in fair value of debt | (28,997) | — |
| Loss on extinguishment of debt | 3,386,416 | — |
| Gain on sale of intellectual property intangible assets | (8,961,872) | — |
| Loss on impairment of inventories, property and equipment and operating lease right-of-use asset | 6,064,823 | — |
| Interest expense recognized on remeasurement of preferred stock liability | 10,398,050 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 349,657 |
| Inventories | — | (218,542) |
| Prepaid expenses and other current assets | (42,171) | 97,295 |
| Accounts payable | (94,398) | 952,936 |
| Accrued expenses | 681,210 | 524,487 |
| Contract liabilities | — | (23,400) |
| Operating lease liability | (117,649) | (86,535) |
| Net cash used in operating activities | (1,927,792) | (2,093,442) |
| Cash Flows from Investing Activities: | ||
| Payment for acquisition | (600,000) | — |
| Payments under convertible note receivable | (150,000) | — |
| Net cash used in investing activities | (750,000) | — |
| Cash Flows from Financing Activities: | ||
| Proceeds from debt borrowings | 2,394,708 | — |
| Repayments of debt | (835,316) | — |
| Payments of debt issuance costs and discounts | (20,000) | — |
| Proceeds received from settlement | 1,000,000 | — |
| Proceeds from issuance of common stock | — | 200,000 |
| Restricted stock units used for tax withholdings | — | (1,873) |
| Payment of deferred financing costs | — | (21,500) |
| Net cash provided by financing activities | 2,539,392 | 176,627 |
| NET CHANGE IN CASH DURING THE PERIOD | (138,400) | (1,916,815) |
| CASH AND CASH EQUIVALENTS ―BEGINNING OF PERIOD | 209,337 | 2,148,700 |
| CASH AND CASH EQUIVALENTS ―END OF PERIOD | 70,937 | $231,885 |
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Issuance of Common Stock upon extinguishment of debt | $3,789,132 | $— |
| Issuance of Common Stock upon exercise of pre-funded warrants | $934 | $— |
| Deemed dividend in connection with modification of pre-funded warrants | $936 | $— |
| Shareholder advance to promissory note | $545,000 | $— |
| Conversion of debt to common stock | $306,459 | $— |
| Initial fair value of convertible note receivable over proceeds paid | $110,000 | $— |
| Transfer of property and equipment from inventory | $— | $68,499 |
| Purchase of property and equipment in accounts payable and accrued expenses | $— | $540,028 |
| Deferred financing costs included in accounts payable and accrued expenses | $— | $697,563 |
| Transaction costs related to the reverse recapitalization not yet paid | $— | $1,007,439 |
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