Global Gas Corp
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
HGAS$0.100.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the Year Ended December 31, · For the Period from February 16, 2023 (inception) to December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash Flows from Operating Activities: | |||
| Net loss | $(130,700) | $(300,176) | |
| Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities: | |||
| Change in fair value of derivative warrant liabilities | (404,250) | (107,800) | |
| Stock - based compensation | 144,480 | - | |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other receivables | (6,000) | 21,275 | |
| Deposit | (144,000) | - | |
| Accounts payable – related party | - | 124,867 | |
| Accounts payable and accrued expenses | (1,011,003) | 102,638 | |
| Deferred revenue | 207,436 | - | |
| Net cash and cash equivalents used in operating activities | (1,344,037) | (159,196) | |
| Cash Flows from Financing Activities: | |||
| Proceeds from reverse capitalization | - | 1,225,222 | |
| Capital contribution from Members | - | 12,500 | |
| Advances – related party | - | 852 | |
| Repayment of advances – related party | (852) | - | |
| Proceeds from advances – related party | 707 | 103,950 | |
| Proceeds from forward purchase agreement | 275,000 | - | |
| Net cash and cash equivalents provided by financing activities | 274,855 | 1,342,524 | |
| Net change in cash and cash equivalents | (1,069,182) | 1,183,328 | |
| Cash and cash equivalents, beginning of period | 1,183,328 | - | |
| Cash and cash equivalents, end of period | $114,146 | $1,183,328 | |
| Non-Cash Financing and Investing Activities: | |||
| Liabilities assumed in Business Combination, net | $ | - | $1,672,216 |
| Initial recognition of forward purchase agreement | $ | - | $(2,608,141) |
| Conversion of units to Class B Common Stock | $ | - | $430 |
| Issuance of Class A Common Stock | $105 | - | |
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