Sky Quarry Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 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 31, 2025
SKYQ$1.18-30.6%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
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(14,728,511) | $(4,436,472) |
| Adjustments to reconcile net loss to cash and restricted cash and cash equivalents used in operating activities: | ||
| Share based compensation | 632,205 | 634,783 |
| Depreciation and amortization | 793,449 | 564,639 |
| Amortization of debt issuance costs | 4,465,636 | 2,568,523 |
| Amortization of right-of-use asset | 90,990 | 37,925 |
| Loss on issuance of warrants | 1,936,937 | - |
| Gain on revaluation of warrant liabilities | (1,477,870) | - |
| Loss on extinguishment of debt | 241,311 | 205,425 |
| Loss (gain) on sale of assets | 25,075 | (564,811) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,393,572 | 719,595 |
| Prepaid expenses and other assets | (224,738) | 155,114 |
| Inventory | (712,055) | 1,004,383 |
| Accounts payable and accrued expenses | (857,802) | (1,040,860) |
| Operating lease liability | (69,777) | (36,450) |
| Deferred tax benefit | - | (187,856) |
| Net cash and restricted cash and cash equivalents used in operating activities | (7,491,578) | (376,062) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of assets | - | 961,400 |
| Purchase of property, plant, and equipment | (691,491) | (1,028,781) |
| Purchase of oil and gas development assets | (789,762) | (664,556) |
| Net cash and restricted cash and cash equivalents used in investing activities | (1,481,253) | (731,937) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds on lines of credit | 36,645,980 | 61,499,106 |
| Payments on lines of credit | (38,446,951) | (58,437,408) |
| Proceeds from note payable | 19,483,052 | 17,721,772 |
| Payments on note payable | (17,032,995) | (12,905,339) |
| Debt discount on note payable | (2,546,660) | (3,588,539) |
| Payments on finance leases | (34,417) | - |
| Proceeds on issuance of preferred stock | 308,000 | 614,804 |
| Preferred stock offering costs | (40,874) | (474,681) |
| Proceeds on issuance of common stock | 11,341,641 | 28,739 |
| Common stock offering costs | (2,061,665) | - |
| Net cash and restricted cash and cash equivalents generated by financing activities | 7,615,111 | 4,458,454 |
| Effect of exchange rate on cash | (8,203) | (24,185) |
| Increase (decrease) in cash and restricted cash and cash equivalents | (1,365,923) | 3,326,270 |
| Cash and cash equivalents and restricted cash, beginning of the period | 4,680,836 | 1,354,566 |
| Cash and restricted cash and cash equivalents, end of the period | $3,314,913 | $4,680,836 |
| 2024 | 2023 | |
|---|---|---|
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $6,516,512 | $3,525,209 |
| Cash paid for taxes | - | 85 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Issuance of warrants as loan origination costs | 4,797,277 | - |
| Acquisition of right-of-use assets through financing lease | 1,022,227 | - |
| Conversion of debt | 107,506 | - |
| Acquisition of right-of-use assets through operating lease | - | 222,473 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.