TREASURE GLOBAL INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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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.
Dec 31, 2023 · Filed Feb 14, 2024
TGL$0.18-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
| For the Six Months Ended December31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(3,331,226) | $(5,684,513) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 64,171 | 62,908 | ||
| Amortization of intangible assets | 131,834 | - | ||
| Amortization of debt discounts | 358,284 | 998,076 | ||
| Amortization of operating right-of-use assets | 19,521 | 16,787 | ||
| Provision for estimated credit losses | 53,250 | - | ||
| Inventories impairment | 486 | - | ||
| Stock-based compensation | - | 439,332 | ||
| Other income from software developing service | (1,000,000) | - | ||
| Unrealized holding loss on marketable securities | 352,435 | - | ||
| Change in operating assets and liabilities | ||||
| Accounts receivable | (72,759) | (51,958) | ||
| Inventories | 275,484 | 18,222 | ||
| Other receivables and other current assets | 200,765 | (299,676) | ||
| Prepayments | (146,285) | (318,556) | ||
| Accounts payable | 123,112 | 59,413 | ||
| Accounts payable, related parties | - | (13,953) | ||
| Customer deposits | (30,117) | 33,221 | ||
| Contract liability | 32,376 | 80,716 | ||
| Other payables and accrued liabilities | (91,019) | 7,881 | ||
| Other payables, related parties | - | 30,524 | ||
| Operating lease liabilities | (19,054) | (19,815) | ||
| Income tax payables | (10,624) | 23,000 | ||
| Net cash used in operating activities | (3,089,366) | (4,618,391) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchases of equipment | (14,451) | (72,306) | ||
| Purchases of intangible asset | (192,477) | - | ||
| Net cash used in investing activities | (206,928) | (72,306) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Payments of deferred offering cost | - | (15,000) | ||
| Proceeds from issuance of common stock in initial public offering | - | 8,235,110 | ||
| Proceeds from issuance of common stock and prefunded warrants in November 2023 Offering | 3,457,306 | - | ||
| Proceeds received from exercising prefunded warrants | 580 | - | ||
| Advance proceeds received from exercising prefunded warrants | 820 | - | ||
| Principal payments of insurance loan | (160,292) | - | ||
| Payments of related party loan | (2,150) | (1,915) | ||
| Proceeds from issuance of convertible notes | - | 2,672,092 | ||
| Repayments of convertible notes | (3,367,290) | - | ||
| Repayment of senior note | - | (65,000) | ||
| Repayments to related parties | - | (1,728,225) | ||
| Proceeds from third party loans | - | 552,438 | ||
| Repayments to third party loans | - | (1,933,151) | ||
| Net cash (used in) provided by financing activities | (71,026) | 7,716,349 | ||
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS | 256 | (150,270) | ||
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,367,064) | 2,875,382 | ||
| CASH AND CASH EQUIVALENTS, beginning of period | 4,593,634 | 1,845,232 | ||
| CASH AND CASH EQUIVALENTS, end of period | $1,226,570 | $4,720,614 | ||
| SUPPLEMENTAL CASH FLOWS INFORMATION | ||||
| Income taxes paid | $29,957 | $ | - | |
| Interest paid | $23,599 | $42,998 | ||
| SUPPLEMENTAL NON-CASH FLOWS INFORMATION | ||||
| Offering costs paid in the prior period | $ | - | $93,536 | |
| Beneficial conversion feature resulted from issuance of convertible notes | $ | - | $537,383 | |
| Fair value of warrants issued to underwriter | $ | - | $175,349 | |
| Fair value of warrants issued to consultant | $ | - | $856,170 | |
| Fair value of common stock issued to consultant | $ | - | $439,332 | |
| Recognition of operating right-of-use asset and lease liability | $ | - | $86,900 | |
| Conversion of convertible note payable, net of unamortized discounts | $1,811,070 | $14,097,414 | ||
| Conversion of convertible note payable, related parties | $ | - | $2,437,574 | |
| Marketable securities received as in exchange of software developing service | $1,000,000 | $ | - | |
| Issuance of common stock to related parties for debts cancellation | $321,562 | $ | - | |
| Issuance of common stock for acquiring intangible assets | $1,563,000 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.