Estrella Immunopharma Inc
For the period ended Jun 30, 2024. Filed Sep 27, 2024.
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FY2024 · Filed Sep 27, 2024
ESLA$0.75+45.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the · For the | ||||
|---|---|---|---|---|
| Year Ended · Year Ended | ||||
| June 30, 2024 · June 30, 2023 | ||||
| Cash Flows from Operating Activities: | ||||
| Net loss | $(7,311,723) | $(11,114,402) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation | 1,194,653 | 409,595 | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses and other receivable | (149,994) | - | ||
| Prepaid expenses - related party | - | 833,333 | ||
| Accounts payable - related party | (9,333,146) | 8,387,559 | ||
| Other payables and accrued liabilities | (449,958) | 122,594 | ||
| Accrued liability - related party | (18,000) | 22,000 | ||
| Franchise tax payable | (138) | 3,200 | ||
| Net cash used in operating activities | (16,068,306) | (1,336,121) | ||
| Cash Flows from Investing Activities: | ||||
| Loan to UPTD as extension note receivable prior to business combination | (112,298) | (273,066) | ||
| Cash released from trust account | 5,072,945 | - | ||
| Net cash provided by investing activities | 4,960,647 | (273,066) | ||
| Cash Flows from Financing Activities: | ||||
| Payments of transactions cost | (1,525,013) | - | ||
| Net proceeds from PIPE investment | 10,000,000 | - | ||
| Net proceeds from issuance of Series A Preferred Stock | 9,020,000 | - | ||
| Net proceeds from promissory note | 300,000 | - | ||
| Repayment of promissory note | (300,000) | - | ||
| Payment of redemption payable | (5,072,945) | - | ||
| Proceeds from business combination | 726,339 | - | ||
| Purchase of treasury stock | (354,440) | - | ||
| Net cash provided by financing activities | 12,793,941 | - | ||
| Net Change in Cash | 1,686,282 | (1,609,187) | ||
| Cash at beginning of the year | 2,479,146 | 4,088,333 | ||
| Cash at end of the year | $4,165,428 | $2,479,146 | ||
| Supplemental Cash Flow Information | ||||
| Cash paid for income tax | $1,600 | $ | - | |
| Cash paid for interest | $2,663 | $ | - | |
| Supplemental Disclosure of Non-cash Financing Activities | ||||
| Deferred transaction costs included in other payables and accrued liabilities | $ | - | $276,187 | |
| Recognition of related party operating right-of-use asset and lease liability | $ | - | $48,988 | |
| Conversion of Series A prefer stock into common stock | $5,000,000 | $ | - | |
| Conversion of deferred underwriting commission payable into Series A preferred stock | $730,000 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.