ZeroStack Corp.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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.
FY2025 · Filed Feb 27, 2026
ZSTK$2.53-5.9%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
Item 8. Consolidated Statements of Cash Flows
| ZeroStack Corp. (formerly Flora Growth Corp.) | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows | |||
| (in thousands of United States dollars) | |||
| For the year ended December 31, 2025 · For the year ended December 31, 2024 | |||
| Cash flows from operating activities: | |||
| Net loss | $(119,732) | $(15,907) | |
| Adjustments to net loss: | |||
| Depreciation and amortization | 582 | 768 | |
| Stock-based compensation | 1,208 | 2,779 | |
| Goodwill impairment | 1,208 | 236 | |
| Inventory impairments through costs of sales | 455 | 1,842 | |
| Other asset impairments | 245 | 2,001 | |
| Changes in fair value of digital assets | 142,997 | - | |
| Changes in financial instruments at fair value | (38,230) | (259) | |
| Settlement of contingent consideration | 1,434 | - | |
| Realized gain on settlement of convertible note | (1,612) | - | |
| Bad debt expense | 823 | 411 | |
| Loss on fixed asset disposals | 56 | 129 | |
| Gain on disposal of Insolvent Entities | (1,162) | - | |
| Derecognition of equity related to insolvent subsidiaries | 595 | - | |
| Interest expense, net | 243 | 213 | |
| Interest paid | (156) | (213) | |
| Income tax benefit | (47) | (177) | |
| (11,093) | (8,177) | ||
| Net change in non-cash working capital: | |||
| Trade and other receivables | (346) | (685) | |
| Inventory | (51) | 1,317 | |
| Prepaid expenses and other assets | (346) | 722 | |
| Trade payables and accrued liabilities | 3,160 | 1,791 | |
| Net cash used in operating activities | (8,676) | (5,032) | |
| Cash flows from financing activities: | |||
| Equity issued | 16,070 | 7,502 | |
| Equity issue costs | (1,607) | (1,267) | |
| Payment for settlement of contingent consideration | (1,800) | - | |
| Settlement of convertible note | (1,750) | - | |
| Loan borrowings | 2,801 | 8,405 | |
| Loan repayments | (2,366) | (8,146) | |
| Net cash provided by financing activities | 11,348 | 6,494 | |
| Cash flows from investing activities: | |||
| Purchase of digital assets | (5,007) | - | |
| Sale of digital assets | 1,707 | - | |
| Net cash on cannabis business disposal | (425) | - | |
| Purchases of property, plant and equipment and intangible assets | (127) | (134) | |
| Net cash on insolvency | (67) | - | |
| Net cash on asset disposals | - | 273 | |
| Business and asset acquisitions, net of cash acquired | 461 | 64 | |
| Net cash (used) provided in investing activities | (3,458) | 203 | |
| Effect of exchange rate changes on cash | 1,159 | 2 | |
| Change in cash for the year | 373 | 1,667 | |
| Cash and restricted cash at beginning of period | 5,248 | 4,385 | |
| Cash included in assets held for sale | - | (804) | |
| Cash and restricted cash at end of year | $5,621 | $5,248 | |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Equity issued for digital assets | $168,055 | $ | - |
| Debt issued for digital assets | 102,521 | - | |
| Digital assets used to settle convertible note | 9,853 | - | |
| Debt issued for business combinations | 2,135 | - | |
| Operating lease additions to right of use assets | 1,375 | 2,208 | |
| Common shares issued for business combinations | 813 | 4,960 | |
| Shares issued to settle convertible note | 706 | - | |
| ELOC commitment fee | 128 | - | |
| Option cancellations reclassified to equity | 84 | 316 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.