AXE COMPUTE INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
AGPU$7.64+1.9%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
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flow from continuing operating activities: | |||
| Net loss | $(12,664,388) | $(13,983,967) | |
| Less: (loss) from discontinued operations | (1,804,183) | (1,966,406) | |
| Net loss from continuing operations | (10,860,205) | (12,017,561) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 162,079 | 244,788 | |
| Amortization of operating lease right-of-use assets | 533,584 | 480,020 | |
| Vesting expense | 1,118 | 1,167 | |
| Common stock issued for consulting and other | 99,253 | 299,430 | |
| (Gain) on derivative instruments | (1,376) | (12,457) | |
| Loss on disposal of property and equipment | 803 | 903 | |
| Loss on disposal of intangible assets | 4,738 | - | |
| Changes in assets and liabilities: | |||
| Accounts receivable | (467,925) | 19,003 | |
| Inventories | 95,075 | (65,448) | |
| Prepaid expense and other assets | 208,776 | (41,146) | |
| Accounts payable | (191,145) | 399,207 | |
| Accrued expenses and other | (134,961) | (384,149) | |
| Contract liabilities | 2,486 | (266,803) | |
| Operating lease liability | (444,896) | (446,483) | |
| Other long-term liabilities | 18,028 | 5,459 | |
| Net cash (used in) continuing operating activities: | (10,974,568) | (11,784,070) | |
| Cash flow from continuing investing activities: | |||
| Purchase of property and equipment | (9,510) | (21,533) | |
| Acquisition of intangibles | - | (26,017) | |
| Net cash (used in) continuing investing activities: | (9,510) | (47,550) | |
| Cash flow from continuing financing activities: | |||
| Proceeds from issuance of common stock and warrants | 4,960,562 | - | |
| Costs to issue common stock and warrants | (870,960) | - | |
| Repurchase of common stock upon vesting of restricted stock units | - | (1,509) | |
| Proceeds from issuance of financing note payable | 275,098 | 364,721 | |
| Repayment of note payable | (425,506) | (214,313) | |
| Net cash provided by continuing financing activities | 3,939,194 | 148,899 | |
| Discontinued operations: | |||
| Net cash (used in) operating activities | (981,103) | (1,405,321) | |
| Net cash provided by (used in) investing activities | 32,000 | (254,821) | |
| Net cash provided by (used in) financing activities | - | - | |
| Net cash (used in) discontinued operations | (949,103) | (1,660,142) | |
| Net (decrease) in cash | (7,993,987) | (13,342,863) | |
| Cash and cash equivalents at beginning of period | 8,728,660 | 22,071,523 | |
| Cash and cash equivalents at end of period | $734,673 | $8,728,660 | |
| Supplemental disclosure for cash flow information: | |||
| Cash payments for interest | $11,466 | $13,904 | |
| Non-cash transactions: | |||
| Equipment transferred from discontinued operations | $5,140 | $ | - |
| Right-of-use assets obtained in exchange for lease liabilities | - | 2,997,181 | |
| Series F Preferred Stock dividend | - | 794 | |
| Common stock issued to settle accrued board of directors’ and advisory boards’ compensation | - | 189,896 | |
| Common stock issued to management upon vesting of restricted stock units | - | 4,934 | |
| Redemption of Series F Preferred Stock | - | (794) | |
| Common stock issued in connection with reverse stock split | - | 253 | |
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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