Amesite Inc

For the period ended Jun 30, 2024. Filed Sep 30, 2024.

About 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.

FY2024 · Filed Sep 30, 2024

AMST$0.53+2.0%Stored close · as of Nov 9, 2026

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Contents

Statements of Cash Flows

Amesite Inc.

Statements of Cash Flows

	Years Ended
	June 30,
	2024	2023
Cash Flows from Operating Activities
Net Loss	$(4,403,182)	$(4,153,303)
Adjustments to reconcile change in net loss to net cash used in operating activities:
Depreciation and amortization	533,667	682,483
Stock-based compensation expense	834,469	179,534
Value of common stock issued in exchange for consulting services	-	71,938
Changes in operating assets and liabilities which used cash:
Accounts receivable	(15,060)	(455)
Prepaid expenses and other current assets	(296,810)	453,405
Accounts payable	(21,163)	(52,212)
Accrued compensation	590,775	(109,556)
Deferred revenue	(53,958)	(288,714)
Accrued and other liabilities	17,483	(32,296)
Net cash and cash equivalents used in operating activities	(2,813,779)	(3,249,176)
Cash Flows from Investing Activities
Purchase of property and equipment	(1,166)	(27,124)
Investment in capitalized software	(374,700)	(368,909)
Net cash and cash equivalents used in investing activities	(375,866)	(396,033)
Cash flows from Financing Activity
Issuance of common stock - net of issuance costs	-	1,850,503
Net cash and cash equivalents provided by financing activity	-	1,850,503
Net decrease in cash and cash equivalents	(3,189,645)	(1,794,706)
Cash and cash equivalents - Beginning of period	5,260,661	7,055,367
Cash and cash equivalents - End of period	$2,071,016	$5,260,661

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.