CID Holdco, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
DAIC$1.060.0%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 (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the nine months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(34,360,316) | $(18,850,414) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 16,839 | — |
| Change in fair value of SAFE notes | 17,368,415 | 14,227,156 |
| Transaction costs paid in shares | 156,869 | — |
| Share-based compensation expense | 28,862 | 187,001 |
| Noncash operating lease expense | 64,857 | 11,890 |
| Loss on debt extinguishment | 5,728,295 | — |
| Reverse recapitalization transaction | (4,739,169) | — |
| Fair value of shares issued as commitment fee | 350,000 | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (864,763) | (92,252) |
| Prepaid and other assets | (572,655) | 107,218 |
| Inventory | (402,854) | (134,448) |
| Accounts payable | 163,030 | 693,309 |
| Accrued expense | 1,095,589 | 6,572 |
| Accrued compensation | (171,492) | (7,872) |
| Accrued interest | 280,000 | — |
| Accrued taxes | 3,913,668 | — |
| Operating lease liabilities | (61,968) | 2,611 |
| Short-term debt, net | 3,750,000 | — |
| Deferred revenue | 58,963 | 750,000 |
| Net cash used in operating activities | (8,197,830) | (3,099,229) |
| INVESTING ACTIVITIES | ||
| Purchase of property and equipment | (483,724) | — |
| Capitalized software development costs | (898,798) | (579,327) |
| Net cash used in investing activities | (1,382,522) | (579,327) |
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of bridge loans | 500,000 | — |
| Proceeds from issuance of SAFE notes | 23,752 | 3,834,500 |
| Repayment of bridge loans | (1,660,545) | — |
| Proceeds from PIPE investments | 10,837,643 | — |
| Purchase of common stock | (5,000,000) | — |
| Proceeds from Trust account | 5,577,304 | — |
| Net cash provided by financing activities | 10,278,154 | 3,834,500 |
| Net increase in cash during period | 697,802 | 155,944 |
| Cash, beginning of period | 721,032 | 605,760 |
| Cash, end of period | $1,418,834 | $761,704 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES | ||
| ROU asset obtained in exchange for lease liability | $482,227 | $324,426 |
| Conversion of SAFE notes to equity | $40,726,793 | $— |
| Conversion of short-term debt to equity | $2,456,500 | $— |
| Cash paid for interest | $39,462 | $— |
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