APPLIED ENERGETICS, INC.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
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Item 8. Consolidated Statements of Cash Flows
** APPLIED ENERGETICS, INC.**
| FOR THE YEARS ENDED DECEMBER 31, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| Cash Flows From Operating Activities | ||||
| Net loss | $(9,174,958) | $(7,350,435) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Noncash stock based compensation expense | 3,768,819 | 3,493,397 | ||
| Amortization of ROU assets | 214,690 | 143,602 | ||
| Depreciation and amortization | 218,907 | 127,639 | ||
| Amortization of prepaid assets | 224,625 | 202,354 | ||
| Changes in assets and liabilities: | ||||
| Accounts receivable | 231,953 | (214,643) | ||
| Prepaid and deposits | (51,113) | (257,918) | ||
| ROU liabilities | (184,871) | (112,050) | ||
| Deferred Revenue | (308,908) | 308,908 | ||
| Accounts payable | (54,477) | 195,988 | ||
| Accrued expenses and compensation | 22,643 | 12,505 | ||
| Net cash used in operating activities | $(5,092,690) | $(3,450,653) | ||
| Cash Flows From Investing Activities | ||||
| Purchase of equipment | (98,847) | (369,267) | ||
| Net cash used in investing activities | (98,847) | (369,267) | ||
| Cash Flows From Financing Activities | ||||
| Repayment on note payable | (141,977) | (555,541) | ||
| Proceeds from sale of common stock | 4,171,601 | - | ||
| Proceeds from note payable | - | 155,541 | ||
| Tax withholdings related to net share settlement of RSU's | (82,300) | (136,671) | ||
| Proceeds from the exercise of stock options and warrants | 89,499 | 35,809 | ||
| Net cash provided by (used in) financing activities | 4,036,823 | (500,862) | ||
| Net change in cash and cash equivalents | (1,154,714) | (4,320,782) | ||
| Cash and cash equivalents, beginning of year | 1,319,526 | 5,640,308 | ||
| Cash and cash equivalents, at end of period | $164,812 | $1,319,526 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $ | - | $5,726 | |
| Cash paid for taxes | $ | - | $ | - |
| Non-cash investing and financing activities | ||||
| Insurance financing for prepaid insurance | $189,302 | $155,541 | ||
| Implementation of ASC 842 | $234,537 | $766,281 | ||
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