PMGC Holdings Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 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 Mar 28, 2025
ELAB$1.69+7.0%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 Statements of Cash Flows
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Operating activities | ||
| Net loss | $(6,245,737) | $(4,301,517) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 12,950 | 11,649 |
| Share-based compensation | 97,167 | 487,738 |
| Straight-line rent expense | (2,758) | (2,757) |
| Change in fair value of derivative liabilities | (369,158) | 71,266 |
| Non-cash interest expense | 686,334 | - |
| R&D costs for intangible assets | 82,556 | - |
| Changes in operating assets and liabilities: | ||
| Receivables | (12,969) | (23,218) |
| Prepaid expenses and deposits | 65,096 | (907,343) |
| Inventory | (403,295) | (265,522) |
| Accounts payable and accrued liabilities | 207,497 | 466,891 |
| Customer deposits | (2,391) | 26,521 |
| Due to related parties | 397,728 | (120,519) |
| Cash flows used in operating activities1 | $(5,486,980) | $(4,556,811) |
| Investing activities | ||
| Purchase of equipment | (9,160) | (11,191) |
| Purchase of intangible assets | (462,320) | - |
| Purchase of investments | (139,084) | - |
| Cash flows used in investing activities1 | $(610,564) | $(11,191) |
| Financing activities | ||
| Net proceeds from issuance of common stock and warrants | 6,993,058 | 1,463,585 |
| Net proceeds from issuance of Notes | 914,442 | - |
| Repayment of Notes | (1,150,000) | - |
| Exercise of stock options | - | 37,500 |
| Proceeds from IPO, net | - | 5,237,805 |
| Cash flows provided by financing activities | $6,757,500 | $6,738,890 |
| Effect of exchange rate changes on cash | (2,354) | 1,062 |
| Increase in cash | 657,602 | 2,171,950 |
| Cash, beginning of period | 3,326,851 | 1,154,901 |
| Cash, ending of period | $3,984,453 | $3,326,851 |
| Supplemental cash flow information: | ||
| Cash paid for interest | 69,026 | 14,397 |
| Cash paid for taxes | - | - |
| Non-cash Investing and Financing transactions: | ||
| Common stock issued and issuable on acquisition of intangible asset | 1,610,778 | - |
| Conversion of preferred stock to common stock | - | 3,527,701 |
| Derivative liability broker warrants included in share issuance cost for IPO | - | 229,437 |
| 1 | Refer to Note 4 for disclosure of cash flows used in operating and investing activities of discontinued operations. |
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