DeFi Development Corp.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
View on SEC.govAbout this filing
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 Mar 27, 2025
DFDV$3.23-5.8%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
| Year Ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2024 · 2023 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(2,726,784) | $(3,373,794) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Marketable securities received for revenue | (225,500) | - | ||
| Depreciation and amortization | 223,982 | 912 | ||
| Impairment expense | 83,219 | - | ||
| Stock-based compensation - issuance of common stock upon IPO for services | - | 541,064 | ||
| Stock-based compensation - issuance of common stock upon services performed | 117,327 | |||
| Stock-based compensation | 295,488 | 944,383 | ||
| Change in fair value of marketable securities | (114,385) | - | ||
| Change in fair value of future equity obligations | - | 119,826 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (150,794) | (47,851) | ||
| Prepaid expenses | 25,686 | (116,218) | ||
| Other assets | (2,339) | (11,230) | ||
| Accounts payable and accrued expenses | (199,498) | 379,756 | ||
| Deferred revenue | 258,226 | (5,379) | ||
| Right of use liability, net | (2,912) | 969 | ||
| Net cash used in operating activities | (2,418,284) | (1,567,562) | ||
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | (19,809) | (29,049) | ||
| Cash used pursuant to Groundbreaker acquisition | - | (60,000) | ||
| Intangible assets, net | (2,500) | - | ||
| Net cash used in investing activities | (22,309) | (89,049) | ||
| Cash flows from financing activities: | ||||
| Issuance of preferred stock | - | 1,000,000 | ||
| Exercise of stock options | 1,232 | - | ||
| Repurchase of common stock | (5,243) | - | ||
| Issuance of common stock | - | 5,650,000 | ||
| Deferred offering costs | (113,528) | (898,905) | ||
| Net cash (used in) provided by financing activities | (117,539) | 5,751,095 | ||
| Net change in cash | (2,558,132) | 4,094,484 | ||
| Cash and cash equivalents at beginning of year | 5,075,609 | 981,125 | ||
| Cash and cash equivalents at end of year | $2,517,477 | $5,075,609 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | $2,635 | $ | - | |
| Cash paid for taxes | $ | - | $ | - |
| Supplemental disclosure of non-cash activities: | ||||
| Issuance of common stock for prepaid services | $3,934 | $ | - | |
| Conversion of future equity obligations into common stock in connection with IPO | $ | - | $659,408 | |
| Conversion of preferred stock into common stock in connection with IPO | $ | - | $1,000,000 | |
| Issuance of common stock pursuant to business combination | $ | - | $945,665 | |
| Contingent consideration pursuant to business combination | $ | - | $178,819 | |
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