Triller Group Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
ILLR$0.18-23.0%Stored close · as of Oct 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
(Currency expressed in United States Dollars (“US$”))
| For the nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(28,849,026) | $(35,578,728) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Share-based compensation expense | 6,359,906 | 11,979,200 |
| Non-cash lease expense | 1,927,851 | 854,470 |
| Depreciation on property and equipment, net | 68,705 | 238,315 |
| Interest income on loans receivable, net | (123,468) | (117,805) |
| Interest income on notes receivable, net | — | (23,217) |
| Interest income on promissory notes receivable from Triller LLC | (369,339) | — |
| Interest expense on convertible promissory notes payable, net | 1,123,273 | — |
| Interest expense on borrowings | 599,906 | — |
| Foreign exchange gain, net | (826,464) | (41,467) |
| Investment loss (income), net | 36,900 | (488,589) |
| Gain on disposal of property and equipment, net | (15,345) | — |
| Provision for allowance for expected credit losses | 1,877,786 | 661,288 |
| Change in fair value of warrant liabilities | 4,281,454 | (3,481) |
| Change in fair value of forward share purchase liability | — | 82,182 |
| Loss on settlement of forward share purchase agreement | — | 378,895 |
| Reversal of annual bonus accrued in prior year | — | (3,763,847) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 669,476 | (575,266) |
| Loans receivable | 48,615 | 121,801 |
| Deposits, prepayments, and other receivables | (553,891) | (2,938,425) |
| Accounts payable and accrued liabilities | (2,256,333) | 5,546,602 |
| Escrow liabilities | (3,158,868) | (8,934,670) |
| Lease liabilities | (1,455,929) | (645,303) |
| Income tax payable | (127,595) | (116,617) |
| Net cash used in operating activities | (20,742,386) | (33,364,662) |
| Cash flows from investing activities: | ||
| Proceeds from sale of long-term investments, net | 2,152,251 | 3,976,657 |
| Purchase of notes receivable, net | — | (589,086) |
| Dividends received from long-term investments, net | — | 1,404,303 |
| Proceeds from sale of notes receivable, net | 412,360 | — |
| Proceeds from disposal of property and equipment, net | 15,345 | — |
| Purchase of property and equipment | — | (104,778) |
| Net cash provided by investing activities | 2,579,956 | 4,687,096 |
| Cash flows from financing activities: | ||
| Advances from the holding company | 15,612,799 | 6,303,641 |
| Repayment of borrowings | (772,202) | — |
| Issue of promissory notes to Triller LLC | (19,975,000) | — |
| Proceeds from convertible promissory note payable, net | 23,388,631 | — |
| Settlement of forward share purchase agreement | — | (13,952,683) |
| Proceeds from borrowings | — | 7,234,391 |
| Net cash provided by (used in) financing activities | 18,254,228 | (414,651) |
| Effect on exchange rate change on cash, cash equivalents and restricted cash | (19,113) | (26,484) |
| Net change in cash, cash equivalent and restricted cash | 72,685 | (29,118,701) |
| Beginning of period | 18,678,065 | 51,294,072 |
| End of period | $18,750,750 | $22,175,371 |
| Supplementary cash flow information: | ||
| Cash paid for income taxes | $227,348 | $172.223 |
| Cash paid for interest | $152,011 | $774,249 |
| Cash received for interest | $57,076 | $361,439 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Issuance of common stock to settle payables | $2,022,438 | $4,000,000 |
| Forgiveness of amount due to the holding company | $— | $12,593,384 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $— | $12,512,585 |
| As of September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation to amounts on condensed consolidated balance sheets: | ||
| Cash and cash equivalents | $5,092,776 | $1,622,425 |
| Restricted cash | 13,657,974 | 20,552,946 |
| Total cash, cash equivalents and restricted cash | $18,750,750 | $22,175,371 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.