RYTHM, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
RYM$16.43-3.9%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
** CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)**
(In thousands)
| For the three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(1,626) | $4,236 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 336 | 406 |
| Lease expense | 64 | — |
| Impairment of right-of-use assets | 24 | — |
| Stock-based compensation expense | 589 | 490 |
| Change in fair value of warrant liabilities | (407) | (873) |
| Change in provision for credit losses, net | 111 | 312 |
| Change in provision for inventory | — | (415) |
| Loss on inventory write-down | 24 | — |
| (Gain) loss on disposal of property and equipment | (2) | 2 |
| Change in contingent consideration | (2,180) | |
| Gain on settlement of contingent liability | — | (5,935) |
| Gain on disposal of Extraction business | (3,566) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (335) | 296 |
| Inventory | 662 | 861 |
| Prepaid expenses and other current assets | (519) | 2,321 |
| Operating lease right-of-use assets | — | 152 |
| Other non-current assets | — | 42 |
| Accounts payable | (64) | (2,056) |
| Accrued expenses and other current liabilities | (788) | (268) |
| Operating lease liabilities | (52) | (143) |
| Contract liabilities | (1,171) | (235) |
| Net cash and cash equivalents used in operating activities | (6,720) | (2,987) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | — | (2) |
| Proceeds from repayment of loan receivable | — | 330 |
| Net cash and cash equivalents provided by investing activities | — | 328 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Common Stock | — | 2,123 |
| Proceeds from exercise of pre-funded warrants | — | 3 |
| Proceeds from issuance of related party notes | — | 355 |
| Payments on insurance financing loans | — | (157) |
| Repayments of notes payable | (1) | — |
| Net cash and cash equivalents (used in) provided by financing activities continuing operations | (1) | 2,324 |
| Net decrease in cash and cash equivalents | (6,721) | (335) |
| Cash and cash equivalents at the beginning of period | 31,170 | 430 |
| Cash and cash equivalents of discontinued operations, beginning of period | $— | $— |
| Cash and cash equivalents of discontinued operations, end of period | — | — |
| Cash and cash equivalents at the end of period | $24,449 | $95 |
| Supplemental disclosures | ||
| Cash paid for interest | — | 47 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Reclassification of accounts payable to notes payable | $93 | $— |
| Cashless exercise of liability classified warrants | $— | $3 |
| Financing of prepaid insurance | $— | $17 |
| Contribution from troubled debt restructuring with related party | $— | $676 |
| Conversion of convertible notes into equity | $— | $1,731 |
| Consolidation of related party debt | $— | $4,163 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.