Agrify Corp
For the period ended Jun 30, 2025. Filed Aug 8, 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.
Jun 30, 2025 · Filed Aug 8, 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 six months ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net (loss) income | $(8,986) | $1,264 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 735 | 782 |
| Non-cash interest expense | 164 | — |
| Lease expense | 85 | 290 |
| Impairment of right-of-use assets | 24 | — |
| Stock-based compensation expense | 1,104 | 571 |
| Change in fair value of warrant liabilities | (292) | 404 |
| Change in provision for credit losses, net | 52 | 346 |
| Change in inventory reserves | — | (1,092) |
| Loss on inventory write-down | 112 | — |
| Gain on disposal of property and equipment | (2) | (9) |
| Gain on early termination of lease | — | (39) |
| Change in contingent consideration | — | (2,180) |
| Gain on settlement of contingent liability | — | (5,935) |
| Gain on disposal of Extraction business | (3,534) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (812) | 201 |
| Inventory | (610) | 1,759 |
| Prepaid expenses and other current assets | (903) | 2,686 |
| Other non-current assets | — | 44 |
| Accounts payable | (324) | (2,792) |
| Accrued expenses and other current liabilities | (943) | (669) |
| Operating lease liabilities | (104) | (275) |
| Contract liabilities | (1,167) | (172) |
| Other liabilities | 263 | — |
| Net cash and cash equivalents used in operating activities | (15,138) | (4,816) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | — | (4) |
| Related party acquisition of MC Brands | (5,075) | — |
| Proceeds from disposal of property and equipment | — | 10 |
| Proceeds from repayment of loan receivable | — | 330 |
| Net cash and cash equivalents (used in) provided by investing activities | (5,075) | 336 |
| Cash flows from financing activities: | ||
| Proceeds from related party notes | 27,000 | — |
| Proceeds from notes payable | 3,000 | — |
| Proceeds from issuance of Common Stock through an S-1 and prefunded warrants offering | — | 2,123 |
| Proceeds from exercise of S-1 Prefunded Warrants | — | 4 |
| Proceeds from issuance of related party notes | — | 2,294 |
| Repayments of notes payable | (1) | — |
| Payments on other financing loans | — | (1) |
| Payments on insurance financing loans | — | (317) |
| Net cash and cash equivalents provided by financing activities continuing operations | 29,999 | 4,103 |
| Net increase (decrease) in cash and cash equivalents | 9,786 | (377) |
| 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 | $40,956 | $53 |
| Supplemental disclosures | ||
| Cash paid for interest | 518 | 95 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Conversion of related party debt interest into pre-funded warrants | $510 | $— |
| Accrued pre-funded warrants in lieu of cash interest | $476 | $— |
| Reclassification of accounts payable and accrued interests to notes payable | $99 | $— |
| Cashless exercise of liability classified warrants | $— | $3 |
| Financing of prepaid insurance | $— | $17 |
| Accrued interest consolidated into related party debt | $— | $364 |
| Deemed contribution from troubled debt restructuring with related party | $— | $676 |
| Transfer of loans receivable from noncurrent to current | $— | $1,295 |
| Conversion of convertible notes into equity | $— | $1,731 |
| Consolidation of related party debt principal | $— | $3,799 |
| Fair value of warrants in connection with reclassification and issuance | $— | $6,791 |
| Conversion of related party debt to equity | $— | $10,044 |
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