Quantum Computing Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
QUBT$6.30-8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | |||
|---|---|---|---|
| September 30, | |||
| 2024 · 2023 | |||
| (Restated)(1) | |||
| Cash flows from operating activities: | |||
| Net loss | $(17,305) | $(20,395) | |
| Adjustments to reconcile net loss to net cash used in operations | |||
| Depreciation and intangibles amortization | 2,542 | 2,509 | |
| Amortization of issuance costs | 323 | 730 | |
| Change in fair value of warrant liability | - | (384) | |
| Other recognized losses (gains) | 31 | - | |
| Stock-based compensation expense | 2,680 | 3,110 | |
| Stock-based compensation expense for services | 21 | 282 | |
| Changes in operating assets and liabilities | |||
| Accounts receivable | 2 | 11 | |
| Inventories | (168) | - | |
| Prepaid expenses and other current assets | (115) | (110) | |
| Other non-current assets | (571) | 89 | |
| Accounts payable | (539) | 259 | |
| Deferred revenue | 48 | 12 | |
| Accrued expenses and other current liabilities | 155 | 939 | |
| Other long-term liabilities | 457 | (400) | |
| Net cash used in operating activities | (12,439) | (13,348) | |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (3,170) | (2,165) | |
| Loans receivable | - | (500) | |
| Net cash used in investing activities | (3,170) | (2,665) | |
| Cash flows from financing activities: | |||
| Proceeds raised from financial liabilities, net of issuance costs | 6,995 | - | |
| Payments of financial liabilities, net of interest | (2,063) | (4,030) | |
| Series A Preferred stock dividend payments | (215) | (650) | |
| Repurchase of Series A preferred stock | (2,732) | - | |
| Proceeds from stock issuance related to ATM facility | 14,629 | 22,764 | |
| Net cash provided by financing activities | 16,614 | 18,084 | |
| Net increase in cash | 1,005 | 2,071 | |
| Cash and cash equivalents, beginning of period | 2,059 | 5,308 | |
| Cash and cash equivalents, end of period | $3,064 | $7,379 | |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $31 | $720 | |
| Non-cash investing and financing activities: | |||
| Reclassification of Series A preferred stock to mezzanine equity | $8,195 | $ | - |
| Valuation of derivative associated with convertible financial liability | $666 | $ | - |
| (1) | As described in Note 15 to these unaudited condensed consolidated financial statements, we have restated the unaudited condensed consolidated statement of cash flows for the nine months ended September 30, 2023. |
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