DatChat Inc
For the period ended Dec 31, 2023. Filed Mar 29, 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 29, 2024
MYSE$1.20-5.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the Year Ended December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(8,404,970) | $(12,138,572) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 28,943 | 127,501 | ||
| Amortization of right of use asset | 60,549 | 49,783 | ||
| Stock-based compensation | 2,002,777 | 3,173,401 | ||
| Stock-based professional fees | 251,302 | 347,733 | ||
| Gain from initial consolidation of variable interest entities | (42,737) | - | ||
| Impairment loss on property and equipment and intangible asset | 43,671 | 981,000 | ||
| Impairment loss on digital currencies and other digital assets | 23,381 | 119,276 | ||
| Non-cash digital currency and other digital assets fees | - | 13,739 | ||
| Non-cash revenue from sale of Venvuu NFT digital asset | - | (36,394) | ||
| Realized gain on short-term investments | (327,145) | (28,176) | ||
| Unrealized loss on short-term investments | - | (47,672) | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 201 | (106) | ||
| Accounts receivable - related party | - | - | ||
| Prepaid expenses | 5,797 | 242,221 | ||
| Accounts payable and accrued expenses | (103,639) | 61 | ||
| Contract liabilities | (68) | (8,664) | ||
| Operating lease liability | (67,339) | (53,896) | ||
| NET CASH USED IN OPERATING ACTIVITIES | (6,529,277) | (7,258,765) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Proceeds from sale of short-term investments | 14,745,000 | 9,910,000 | ||
| Purchase of short-term investments, net | (8,599,121) | (20,842,149) | ||
| Purchases of property and equipment | (49,485) | (44,475) | ||
| Increase in cash from consolidation of variable interest entities | 64,538 | - | ||
| Proceeds from sale of digital currencies and other digital assets | - | 743 | ||
| Purchases of digital currencies and other digital assets | - | (233,245) | ||
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 6,160,932 | (11,209,126) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from related party advances | - | 20,294 | ||
| Repayment of related party advances | (1,315) | (19,182) | ||
| Proceeds from sale of Series B preferred stock | 1,000 | - | ||
| Purchase of treasury stock | (397,969) | - | ||
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (398,284) | 1,112 | ||
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (766,629) | (18,466,779) | ||
| Effect of exchange rate changes on cash | (12,965) | - | ||
| CASH AND CASH EQUIVALENTS - beginning of year | 1,732,956 | 20,199,735 | ||
| CASH AND CASH EQUIVALENTS - end of year | $953,362 | $1,732,956 | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||
| Cash paid for: | ||||
| Interest | $ | - | $ | - |
| Income taxes | $ | - | $ | - |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||
| Digital currencies used to pay accounts payable | $ | - | $112,500 | |
| Common stock issued for future services | $200,000 | $ | - | |
| Issuance of common shares for intangible assets | $ | - | $1,090,000 | |
| Increase in short-term investments and accumulated other comprehensive gain | $47,518 | $ | - | |
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