Fresh Vine Wine Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
View on SEC.govAbout this filing
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.
FY2023 · Filed Mar 8, 2024
AMZE$0.07-41.1%Stored close · as of Sep 29, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net loss | $(10,615,035) | $(15,202,507) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization | - | 3,990 |
| Equity-based compensation | 1,708,218 | 4,053,123 |
| Inventory write-down | 1,844,210 | - |
| Allowance for doubtful accounts | 37,733 | - |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 87,216 | (51,157) |
| Accounts receivable - related party | - | 153,075 |
| Insurance recovery receivable | 804,907 | (804,907) |
| Receivables with recourse | - | 146,314 |
| Related party receivables | - | 376,000 |
| Due from employee | - | (37,733) |
| Inventories | 1,514,115 | (3,537,138) |
| Prepaid expenses and other | 605,268 | 189,776 |
| Accounts payable | (79,867) | 172,488 |
| Accrued compensation | (420,413) | 3,999 |
| Settlement payable | (664,024) | 1,250,000 |
| Accrued expenses | 345,923 | 210,065 |
| Accrued expenses - related parties | 29,333 | (249,617) |
| Deferred revenue | (6,593) | (3,750) |
| Related party payables | - | (200,272) |
| Net cash used in operating activities | (4,809,009) | (13,528,251) |
| Cash flows from investing activities | ||
| Equity investment | (500,000) | - |
| Net cash used in investing activities | (500,000) | - |
| Cash flows from financing activities | ||
| Payments of related party notes payable | - | (216,000) |
| Payments of outstanding secured borrowings | - | (171,069) |
| Proceeds from issuance of preferred stock – net of issuance costs | 950,000 | - |
| Payments for deferred offering costs | - | (68,286) |
| Proceeds from rights offering – net of issuance costs | 2,615,014 | - |
| Net cash provided by (used in) financing activities | 3,565,014 | (455,355) |
| Net decrease in cash | (1,743,995) | (13,983,606) |
| Cash and restricted cash - beginning of year | 2,080,335 | 16,063,941 |
| Cash and restricted cash - end of year | $336,340 | $2,080,335 |
| 2023 · 2022 | |||
|---|---|---|---|
| Supplemental disclosure of non-cash activities investing and financing activities: | |||
| Dividends declared but not paid | $41,867 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.