RenX Enterprises Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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 Mar 31, 2025
RENX$1.03-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Year Ended December 31, 2024 · For the Year Ended December 31, 2023 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | $(8,908,475) | $(4,200,541) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 1,012 | 236 | ||
| Amortization of intangible assets | 2,221 | - | ||
| Amortization of debt issuance costs | 2,189,008 | 489,252 | ||
| Stock based compensation | 2,169,075 | - | ||
| Gain on sale of land | (1,067,540) | - | ||
| Common stock for debt discount and commitment fees | 1,198,309 | 684,438 | ||
| Common stock for services | 297,871 | - | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid asset and other current assets | 684,693 | (206,949) | ||
| Due from affiliates | 139,660 | (1,660,845) | ||
| Accounts payable and accrued expenses | 693,604 | 346,016 | ||
| Net cash used in operating activities | (2,600,562) | (4,548,393) | ||
| Cash flows from investing activities: | ||||
| Assets held for sale | - | (3,535) | ||
| Cash used in asset acquisitions | (153,593) | - | ||
| Intangible assets | (293,593) | (22,210) | ||
| Purchase of property and equipment | (544,199) | (3,805) | ||
| Proceeds from sale of land | 403,738 | - | ||
| Joint venture activity | 231,562 | - | ||
| Land acquired from JV | (331,562) | - | ||
| Additions to project development costs | (30,900) | (9,607) | ||
| Equity-based investments | - | (42,662) | ||
| Net cash used in investing activities | (718,547) | (81,819) | ||
| Cash flows from financing activities: | ||||
| Debt issuance costs paid | (2,525,763) | (441,825) | ||
| Proceeds from short-term notes payable, net of debt issuance costs | 6,928,277 | 6,615,169 | ||
| Repayment of short-term note payable | (1,552,742) | (2,500,000) | ||
| Issuance of common stock from EP | 750,719 | - | ||
| Issuance of common stock – prefunded warrants | 11,584 | - | ||
| Contributions | - | 959,384 | ||
| Net cash provided by financing activities | 3,612,075 | 4,632,728 | ||
| Net change in cash | 292,966 | 2,516 | ||
| Cash – beginning of period | 3,236 | 720 | ||
| Cash – end of period | $296,202 | $3,236 | ||
| Supplemental disclosure of non-cash operating activities: | ||||
| Prepaid interest held back from proceeds from short-term notes payable | $1,000,000 | $675,000 | ||
| Forgiveness of due from affiliate | $ | - | $2,279,156 | |
| Conversion of notes payable | $2,675,955 | $ | - | |
| Intangible assets acquired in asset acquisition | $103,800 | $ | - | |
| Assets and liabilities acquired in asset acquisition: | ||||
| Intangible assets | $620,930 | $ | - | |
| Accounts payable and accrued expenses | $32,337 | $ | - | |
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