Swarmer, Inc
For the period ended Jun 30, 2026. Filed Aug 14, 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 14, 2026
SWMR$8.77-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| Operating activities: | 2026 | 2025 |
| Net loss | $(11,783,873) | $(2,321,159) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 96,344 | — |
| Amortization of ROU asset | 31,574 | — |
| Change in fair value of ELOC derivative | 251,455 | — |
| Change in fair value of SAFE liability | — | 869,000 |
| Share-based compensation expense | 1,459,980 | 28,488 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (95,580) | — |
| Unbilled revenue | — | 3,193 |
| UAV deployment program advance payment | (1,845,000) | — |
| Prepaid expenses and other current assets | (557,503) | (9,147) |
| Other assets | (168,979) | (2,070) |
| Accounts payable | (18,019) | (421) |
| Accrued expenses and other liabilities | 649,219 | (3,237) |
| Deferred revenue | 84,626 | 3,853 |
| Advances received under combined arrangement | 793,092 | — |
| Operating lease liability | (34,766) | — |
| Net cash used in operating activities | (11,137,430) | (1,431,500) |
| Investing activities: | ||
| Purchase of property and equipment | (347,997) | — |
| Purchase of intangible assets | (97,668) | — |
| Cash used in investing activities | (445,665) | — |
| Financing activities: | ||
| Proceeds from initial public offering, net of underwriting discounts | 16,015,000 | — |
| Proceeds from ELOC | 8,826,408 | — |
| Proceeds from sale of Series A-1 convertible preferred stock | 3,472,095 | — |
| Payment of financing costs | (926,264) | — |
| Cash provided by financing activities | 27,387,239 | — |
| Effect of exchange rates on cash and cash equivalents | 201,550 | 14,261 |
| Net increase (decrease) in cash and cash equivalents | 16,005,694 | (1,417,239) |
| Cash and cash equivalents at the beginning of the period | 9,283,566 | 2,081,086 |
| Cash and cash equivalents at the end of the period | $25,289,260 | $663,847 |
| Supplemental non-cash investing and financing activities: | ||
| Conversion of Series A Preferred Stock into Common Stock | $22,485,768 | $— |
| Common stock issued under ELOC in exchange for receivable from sale of common stock | $4,625,269 | $— |
| Derivative asset recognized for draw priced but unsettled under the ELOC (Note 6) | $74,970 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.