Asset Entities Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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
ASST$21.46+0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Condensed Statements of Cash Flows
| Nine months ended | |||
|---|---|---|---|
| September 30, | |||
| 2024 · 2023 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(4,428,810) | $(3,582,799) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Stock based compensation | 910,583 | 904,241 | |
| Depreciation and amortization | 3,614 | 223 | |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses | (82,533) | (122,553) | |
| Accounts payable and accrued expenses | 146,891 | (171,543) | |
| Contract liabilities | (2,835) | 18,908 | |
| Net cash used in operating activities | (3,453,090) | (2,953,523) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of property and equipment | (14,761) | (7,543) | |
| Purchase of intangible asset | (200,000) | - | |
| Net cash used in investing activities | (214,761) | (7,543) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Series A Convertible Preferred stock issued | 2,647,500 | - | |
| Class B common stock subscription proceeds received, net | 194,434 | 6,845,050 | |
| Net cash provided by financing activities | 2,841,934 | 6,845,050 | |
| Net change in cash | (825,917) | 3,883,984 | |
| Cash at beginning of period | 2,924,323 | 137,177 | |
| Cash at end of period | $2,098,406 | $4,021,161 | |
| NON CASH INVESTING AND FINANCING ACTIVITIES | |||
| Conversion from Class A to Class B common stock | $43 | $ | - |
| Conversion from Series A Convertible Preferred stock to Class B common stock | $7,766 | $ | - |
| Class B Common stock issued for purchase of intangible asset | $9,500 | $ | - |
| Cancellation of Class B common stock | $3 | $ | - |
| Reverse stock split adjustment | $7 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.