Mawson Infrastructure Group Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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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 Apr 1, 2024
BGDE$3.20-1.7%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 Years Ended December 31, | ||||
|---|---|---|---|---|
| 2023 · 2022 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(58,545,093) | $(54,035,559) | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||
| Depreciation and amortization | 38,080,506 | 63,200,178 | ||
| Amortization of operating lease right-of-use asset | 1,436,186 | 1,619,627 | ||
| Foreign exchange loss | 1,644,484 | 1,547 | ||
| Sale of intellectual property | - | (1,448,187) | ||
| Stock based compensation | 10,834,838 | 3,012,480 | ||
| Unrealized (gain) loss on derivative asset | 7,241,883 | (11,299,971) | ||
| Fair value loss on investments | - | 1,694,471 | ||
| Share of loss of equity accounted investments | 36,356 | 1,284,398 | ||
| (Gain) loss on sale of marketable securities | (1,437,230) | 4,807 | ||
| Loss on write off on property and equipment | - | 1,560,541 | ||
| Loss (gain) on disposal of property and equipment | 137,427 | (3,526,226) | ||
| Non- cash interest expense | 1,624,537 | 30,502 | ||
| Non-controlling interest | - | 1,244,274 | ||
| Profit on sale of site | (3,353,130) | - | ||
| Gain on deconsolidation | (9,472,976) | - | ||
| Impairment on equity accounted method investment | 1,837,063 | 2,060,779 | ||
| Non-cash consideration received in the form of shares | - | (7,033,825) | ||
| Changes in operating assets and liabilities: | ||||
| Trade and other receivables | (3,907,067) | (605,480) | ||
| Operating lease liabilities | (1,511,688) | - | ||
| Other current assets | 2,040,999 | (4,863,945) | ||
| Trade and other payables | 10,767,241 | 21,355,883 | ||
| Net cash (used in) provided by operating activities | (2,545,664) | 14,256,294 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Payment for the purchase of property and equipment | (5,352,024) | (49,978,074) | ||
| Proceeds from sale of site | 8,107,508 | - | ||
| Deposits received in relation to sale of Georgia site | - | 27,170,531 | ||
| Proceeds from sales of property and equipment | 1,059,290 | 22,156,131 | ||
| Proceeds from sale of marketable securities | 6,926,843 | 165,316 | ||
| Payment of property and equipment deposits | - | (32,054,326) | ||
| Net cash provided by (used in) investing activities | 10,741,617 | (32,540,422) | ||
| CASH FLOWS FROM FINANCING ACTIVITES | ||||
| Proceeds from common share issuances | 6,192,845 | 6,698,221 | ||
| Payments of stock issuance costs | (380,950) | (793,172) | ||
| Proceeds from convertible notes | - | 3,600,000 | ||
| Proceeds from borrowings | 2,043,360 | 34,256,475 | ||
| Repayment of finance lease liabilities | (38,176) | (1,776,144) | ||
| Repayments of borrowings | (12,464,358) | (27,998,884) | ||
| Net cash (used in) provided by financing activities | (4,647,279) | 13,986,496 | ||
| Effect of exchange rate changes on cash and cash equivalents | (18,600) | (223,376) | ||
| Net increase (decrease) in cash and cash equivalents | 3,530,074 | (4,521,008) | ||
| Cash and cash equivalents at beginning of period | 946,265 | 5,467,273 | ||
| Cash and cash equivalents at end of period | $4,476,339 | $946,265 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $1,424,233 | $5,877,091 | ||
| Cash paid for income taxes | $ | - | $ | - |
| Non-cash transactions | ||||
| Sale of site in exchange for shares | $ | - | $7,048,144 | |
| Sale of property and equipment in exchange for shares | $ | - | $3,642,113 | |
| Recognition of right of use operating asset and lease liability | $923,651 | $ | - | |
| Accrued interest on convertible notes settled in common stock | $276,959 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.