Sky Quarry Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 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 Mar 31, 2026
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
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATION ACTIVITIES | ||
| Net loss | $(12,198,399) | $(14,728,511) |
| Adjustments to reconcile net loss to cash and restricted cash and cash equivalents used in operating activities: | ||
| Share based compensation | 659,134 | 632,205 |
| Depreciation and amortization | 1,192,407 | 793,449 |
| Amortization of debt issuance costs | 1,473,278 | 4,465,636 |
| Amortization of ROU asset | 78,488 | 90,990 |
| Loss on issuance of warrants | - | 1,936,937 |
| Gain on revaluation of warrant liabilities | (361,581) | (1,477,870) |
| Loss on extinguishment of debt | 103,881 | 241,311 |
| Loss (gain) on the sale of assets | (1,652) | 25,075 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,119,209 | 2,393,572 |
| Prepaid expenses and other assets | (82,633) | (224,738) |
| Inventory | 2,470,871 | (712,055) |
| Accounts payable and accrued expenses | 2,354,188 | (857,802) |
| Operating lease liability | (79,968) | (69,777) |
| Net cash and restricted cash and cash equivalents used in operating activities | (3,272,777) | (7,491,578) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of assets | 14,060 | - |
| Purchase of property, plant, and equipment | (133,636) | (691,491) |
| Purchase of oil and gas development assets | (248,483) | (789,762) |
| Net cash and restricted cash and cash equivalents used in investing activities | (368,059) | (1,481,253) |
| CASH FLOWS FROM FINANCING | ||
| Proceeds on lines of credit | 10,283,930 | 36,645,980 |
| Payments on lines of credit | (10,090,920) | (38,446,951) |
| Proceeds from note payable | 3,025,752 | 19,483,052 |
| Payments on note payable | (1,998,958) | (17,032,995) |
| Debt discount on notes payable | - | (2,546,660) |
| Payments on finance leases | - | (34,417) |
| Proceeds on issuance of preferred stock | - | 308,000 |
| Preferred stock offering costs | - | (40,874) |
| Proceeds on issuance of common stock | 374 | 11,341,641 |
| Common stock offering costs | - | (2,061,665) |
| Payment of debt issuance costs | (85,470) | - |
| Net cash and restricted cash and cash equivalents provided by financing activities | 1,134,708 | 7,615,111 |
| Effects of exchange rate on cash | (3,080) | (8,203) |
| Increase (decrease) in cash and restricted cash and cash equivalents | (2,509,208) | (1,365,923) |
| Cash and cash equivalents and restricted cash, beginning of the period | 3,314,913 | 4,680,836 |
| Cash and restricted cash and cash equivalents, end of the period | $805,705 | $3,314,913 |
| 2025 | 2024 | |
|---|---|---|
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | $715,453 | $6,516,512 |
| Cash paid for taxes | 5,788 | 25,099 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Issuance of warrants as loan origination costs | 720,988 | 4,797,277 |
| Common shares issued for non-cash consideration | 2,027,928 | - |
| Acquisition of right-of-use assets through financing lease | - | 1,022,227 |
| Disposal of right-of-use assets and associated financing lease | 980,072 | - |
| Conversion of debt | 481,899 | 107,506 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.