Sono Group N.V.
For the period ended Dec 31, 2024. Filed Apr 17, 2025.
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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 Apr 17, 2025
SSM$0.96+3.9%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 Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS
| Year ended | ||
|---|---|---|
| December 31, 2024 KEUR | December 31, 2023 KEUR | |
| Cash Flows from Operating Activities | ||
| Net income (loss) | 65,026 | (45,707) |
| Adjustments to reconcile net income to net cash used in operating activities | ||
| Depreciation of property, plant and equipment | 18 | 29 |
| Impairment of property, plant and equipment | – | 3,842 |
| Stock based compensation | (19) | (572) |
| Gain on deconsolidation / reconsolidation | (62,554) | (40,122) |
| Income / (loss) from changes in fair value of convertible note payable carried at fair value | (8,923) | (5,404) |
| Other non-cash (income) / expense | – | 6,280 |
| Movements in provisions | – | 51,347 |
| Interest paid | – | (49) |
| Changes in operating assets and liabilities: | ||
| Inventory | (304) | – |
| Prepaid taxes | 150 | – |
| Prepaid expenses and other | 675 | 4,805 |
| Right of use lease assets | 49 | 78 |
| Accounts payable and accrued expenses | 5,106 | 16,656 |
| Advance payments received from customers | – | (2,605) |
| Lease Liability | (49) | – |
| VAT payable | (13,862) | – |
| Net cash used in operating activities | (14,687) | (11,422) |
| Cash Flows from Investing Activities | ||
| Acquisition of property and equipment | (80) | (3,842) |
| Reconsolidation (deconsolidation) of the Subsidiary cash balance | 1,305 | (7,481) |
| Net cash provided by (used in) investing activities | 1,225 | (11,323) |
| Cash Flows from Financing Activities | ||
| Proceeds from the issuance of convertible notes | 7,000 | – |
| Proceeds from issue of shares on stock option scheme | – | 6 |
| Net cash provided by financing activities | 7,000 | 6 |
| Net increase / (decrease) in cash | (6,462) | (22,739) |
| Effect of currency translation on cash and cash equivalents | 404 | (206) |
| Cash at December 31, 2023 | 7,412 | 30,357 |
| Cash at December 31, 2024 | 1,354 | 7,412 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for interest | – | 49 |
| Cash paid during the period for income tax | – | – |
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