Hadron Energy, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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)
| Nine Months Ended September 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows from operating activities | ||||
| Net income (loss) | $25,502 | $(31,198) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
| Depreciation | 9 | 3 | ||
| Change in fair value of legal settlement liability | (9,601) | - | ||
| Noncash operating lease expense | 81 | 33 | ||
| Loss on disposal of property and equipment | 12 | - | ||
| Change in fair value of Simple Agreements for Future Equity | (31,846) | 27,391 | ||
| Change in fair value of warrant liabilities | (5,680) | - | ||
| Stock-based compensation | 12,985 | 2,127 | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses and other current assets | (469) | (92) | ||
| Due from stockholder | - | (112) | ||
| Operating lease liabilities | (50) | (66) | ||
| Other assets | (3) | (6) | ||
| Accounts payable | 1,338 | 202 | ||
| Accrued expenses | 790 | 313 | ||
| Net cash used in operating activities | (6,932) | (1,405) | ||
| Cash flows from investing activities | ||||
| Purchases of property and equipment | - | (39) | ||
| Net cash used in investing activities | - | (39) | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of Simple Agreements for Future Equity | 3,295 | 2,194 | ||
| Proceeds from Business Combination, net | 22,944 | - | ||
| Payment of deferred transaction costs | (1,397) | - | ||
| Net cash provided by financing activities | 24,842 | 2,194 | ||
| Net increase in cash | 17,910 | 750 | ||
| Cash - beginning of the period | 1,757 | 17 | ||
| Cash - end of the period | $19,667 | $767 | ||
| 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 and accrued expenses | $275 | $512 | ||
| 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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