TAO Synergies Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
TAOX$2.58-5.1%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
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended · · Year Ended | ||||||
| · · December 31, 2025 · · December 31, 2024 | ||||||
| CASH FLOW USED IN OPERATING ACTIVITIES | | | | | | |
| Net income (loss) | | $(28,737,448) | | $(12,768,549) | ||
| Adjustments to reconcile net loss to net | | | | | ||
| cash used by operating activities | | | | | | |
| Stock based compensation | | 1,393,270 | | 25,407 | ||
| Non-cash revenue from digital assets | | | (299,061) | | | — |
| Unrealized loss on digital assets | | | 10,516,580 | | | — |
| Change in fair value of limited partnership investments | | | 303,046 | | | — |
| Warrant issuance costs | | | 1,689,302 | | | 618,375 |
| Loss on issuance of Convertible Preferred Stock | | | 758,691 | | | 3,812,625 |
| Change in fair value of warrant liability | | | 12,418,585 | | | 829,000 |
| Change in fair value of derivative liability | | | (5,553,000) | | | (1,032,000) |
| Share of net loss in equity investment | | | — | | | 44,525 |
| Loss on write-off of available for debt security | | | — | | | 2,443,300 |
| Loss on write-off of equity investment | | | — | | | 517,877 |
| Consulting services paid by issuance of common stock | | | 118,116 | | | 118,001 |
| Consulting services paid by issuance of warrants | | | 573,547 | | | — |
| Depreciation expense | | 3,616 | | 5,580 | ||
| Change in assets and liabilities: | | | | | ||
| (Increase) decrease in prepaid expenses and other current assets | | (379,826) | | 368,128 | ||
| Increase (decrease) in accounts payable | | 858,036 | | (127,346) | ||
| (Decrease) increase in accrued expenses | | (58,464) | | 261,089 | ||
| | | 22,342,438 | | 7,884,561 | ||
| | | | | | | |
| Net Cash Used in Operating Activities | | | (6,395,010) | | | (4,883,988) |
| | | | | | | |
| CASH FLOWS USED IN INVESTING ACTIVITIES | | | | | ||
| Purchase of available for sale debt security | | — | | (1,000,000) | ||
| Purchase of limited partnership investments | | | (750,000) | | | — |
| Purchase of crypto currency | | | (28,144,702) | | | — |
| | | | | | | |
| Net Cash Used in Investing Activities | | (28,894,702) | | (1,000,000) | ||
| | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES | | | | | ||
| Proceeds from investor warrant exercises | | | 9,959,249 | | | — |
| Net proceeds from Series C Convertible Preferred Stock offering | | | — | | | 4,463,000 |
| Net proceeds from Series D Convertible Preferred Stock offering | | | 4,924,000 | | | — |
| Net proceeds from Series E Convertible Preferred Stock offering | | | 9,940,000 | | | — |
| Redemption of Series B Convertible Preferred Stock | | | — | | | (7,831,677) |
| Redemption of Series C Convertible Preferred Stock | | | (1,430,000) | | | (801,694) |
| Dividends on Convertible Preferred Stock | | | (262,087) | | | (950,918) |
| | | | | | | |
| Net Cash Provided by (Used in) Financing Activities | | 23,131,162 | | (5,121,289) | ||
| | | | | | | |
| NET DECREASE IN CASH AND EQUIVALENTS | | (12,158,550) | | (11,005,277) | ||
| | | | | | | |
| CASH AND EQUIVALENTS AT BEGINNING OF YEAR | | 17,656,221 | | | 28,661,498 | |
| | | | | | | |
| CASH AND EQUIVALENTS AT END OF YEAR | | $5,497,671 | | $17,656,221 | ||
| | | | | | | |
| DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | | | | | | |
| | | | | | | |
| Issuance of Common Stock for Series B Convertible Preferred Stock installment conversions | | $— | | $1,430,327 | ||
| Accretion of Series B Convertible Preferred Stock to redemption value | | $— | | $4,911,312 | ||
| Accretion of Series C Convertible Preferred Stock to redemption value | | $3,407,659 | | $1,592,341 | ||
| Accretion of Series D Convertible Preferred Stock to redemption value | | $1,719,334 | | $— | ||
| Accretion of Series E Convertible Preferred Stock to redemption value | | $306,691 | | $— | ||
| Warrant liability upon issuance of Series C Convertible Preferred stock | | $— | | $2,797,000 | ||
| Warrant liability upon issuance of Series D Convertible Preferred stock | | $5,248,062 | | $— | ||
| Reclassification of warrant liability | | $21,426,648 | | $— | ||
| Derivative liability upon issuance of Series C Convertible Preferred stock | | $— | | $6,096,000 | ||
| Derivative liability upon issuance of Series D Convertible Preferred stock | | $113,000 | | $— | ||
| Derivative liability upon issuance of Series E Convertible Preferred stock | | $7,741,000 | | $— | ||
| Reclassification of derivative liability | | $6,361,000 | | $— | ||
| Series C Convertible Preferred Stock conversions and redemptions | | $4,546,483 | | $— | ||
| Issuance of Consultant Warrants | | $2,082,991 | | $— | ||
| Change in fair value of available for sale debt security | | $— | | $4,800 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.