Nuburu, Inc.
For the period ended Mar 31, 2025. Filed May 20, 2025.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $— | $93,549 |
| Cost of revenue | 235,717 | 856,956 |
| Gross margin | (235,717) | (763,407) |
| Operating expenses: | ||
| Research and development | 184,563 | 766,495 |
| Selling and marketing | 543,337 | 345,590 |
| General and administrative | 2,078,805 | 2,652,795 |
| Total operating expenses | 2,806,705 | 3,764,880 |
| Loss from operations | (3,042,422) | (4,528,287) |
| Non-operating expenses: | ||
| Interest income | 7,385 | 11,740 |
| Interest expense | (193,480) | (1,191,862) |
| 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) | — |
| Other loss, net | (98,313) | — |
| Loss before provision for income taxes | $(14,020,050) | $(5,705,098) |
| Provision for income taxes | — | — |
| Net loss | (14,020,050) | $(5,705,098) |
| Reclassification of convertible preferred stock from mezzanine equity to liability | 10,398,050 | — |
| Deemed dividend in connection with modification of pre-funded warrants | (3,076,380) | — |
| Net loss available to common shareholders | $(6,698,380) | $(5,705,098) |
| Net loss per common share, basic and diluted (1) | $(0.20) | $(6.18) |
| Weighted-average common shares used to compute net loss per common share, basic and diluted (1)(2) | 33,074,691 | 922,894 |
(1)
Periods presented have been adjusted to reflect the 1-for-40 reverse stock split on July 23, 2024. See Note 2 – Summary of Significant Accounting Policies for additional information.
(2)
Amount presented for the three months ended March 31, 2025 includes 3,831,229 shares of common stock that the Company was required to issue but had not yet issued as of March 31, 2025.
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