Hadron Energy, Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
HDRN$0.71+1.8%Stored close · as of Nov 10, 2026
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Condensed Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows from operating activities | ||||
| Net income (loss) | $30,926 | $(6,982) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
| Depreciation and amortization | 6 | 1 | ||
| Change in fair value of legal settlement liability | (9,601) | - | ||
| Noncash operating lease expense | 81 | - | ||
| Change in fair value of Simple Agreements for Future Equity | (31,846) | 5,825 | ||
| Change in fair value of warrant liabilities | (5,262) | - | ||
| Stock-based compensation | 10,634 | 604 | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses and other current assets | (550) | (22) | ||
| Due from stockholder | - | (39) | ||
| Operating lease liabilities | (50) | (35) | ||
| Other assets | 6 | (6) | ||
| Accounts payable | 564 | - | ||
| Accrued expenses | 710 | 10 | ||
| Net cash used in operating activities | (4,382) | (644) | ||
| Cash flows from investing activities | ||||
| Purchases of property and equipment | - | (10) | ||
| Net cash used in investing activities | - | (10) | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of Simple Agreements for Future Equity | 3,295 | 1,227 | ||
| Proceeds from Business Combination, net | 22,944 | - | ||
| Payment of deferred transaction costs | (1,397) | - | ||
| Net cash provided by financing activities | 24,842 | 1,227 | ||
| Net increase in cash | 20,460 | 573 | ||
| Cash - beginning of the period | 1,757 | 17 | ||
| Cash - end of the period | $22,217 | $590 | ||
| Supplemental disclosure of noncash transactions: | ||||
| Right-of-use-asset obtained in exchange for lease liabilities | $ | - | $134 | |
| Warrant liabilities issued in connection with Business Combination | $7,413 | $ | - | |
| Deferred transaction costs included in accounts payable | $275 | $ | - | |
| Conversion of SAFEs into common stock and additional paid-in capital | $17,807 | $ | - | |
| Legal settlement liability reclassified to additional paid-in capital | $6,624 | $ | - | |
| Deferred financing reclassified to additional paid-in capital | $2,484 | $ | - | |
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