OLENOX INDUSTRIES INC.
For the period ended Dec 31, 2025. Filed Jun 30, 2026.
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FY2025 · Filed Jun 30, 2026
OLOX$0.68-0.3%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 years December 31, · 2025 · 2024 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Loss from continuing operations | $(18,820,190) | $(19,664,360) | ||
| Income (loss) from discontinued operations | - | 2,684,678 | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation, depletion and amortization | 470,794 | 513,125 | ||
| Direct write off of project development costs | - | 266,129 | ||
| Accretion of asset retirement obligations | 70,745 | - | ||
| Short-term notes payable offset against expenses | (44,997) | - | ||
| Loss on debt extinguishment | 4,648,282 | - | ||
| Proceeds from legal settlement | 975,784 | - | ||
| Change in fair value of derivative liabilities | (2,538,248) | - | ||
| Recognition of derivative liabilities | 4,275,231 | - | ||
| Settlements of derivative liabilities | (2,253,638) | - | ||
| Change in right of use asset and lease liability | (57,968) | - | ||
| Amortization of intangible assets | 365,702 | 13,668 | ||
| Full cost ceiling write-down | 2,082,613 | - | ||
| Impairment loss | - | 1,566,806 | ||
| Amortization of deferred license costs | - | 30,589 | ||
| Amortization of debt issuance costs | 1,793,304 | 2,297,384 | ||
| Amortization of right-of-use asset, finance lease | - | 971,833 | ||
| Gain on deconsolidation SG DevCorp | - | (4,637,013) | ||
| Loss on disposition of equity-based investment | - | 320,408 | ||
| Change in fair value of equity-based investment | - | 6,616,201 | ||
| Stock-based compensation | 434,665 | 1,194,597 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 151,537 | 77,274 | ||
| Contract assets | 2,536 | 8,209 | ||
| Inventories | 196,778 | (314,956) | ||
| Intangible assets | - | (23,921) | ||
| Prepaid expenses and other current assets | (141,591) | 136,194 | ||
| Other assets | 144,312 | - | ||
| Accounts payable and accrued expenses | 409,027 | 748,670 | ||
| Contract liabilities | (1,637) | (770,916) | ||
| Lease liability | - | (1,338,557) | ||
| Net cash used in operating activities by continuing operations | (7,836,959) | (9,303,958) | ||
| Net cash provided from operating activities by discontinued operations | - | (1,594,797) | ||
| Cash flows used in investing activities: | ||||
| Cash paid for acquisitions, net of cash received | (978,003) | - | ||
| Acquisition of certificate of deposit, restricted | (2,000,000) | - | ||
| Acquisition of oil and gas assets | (571,000) | - | ||
| Purchase of property, plant and equipment | (548,453) | (90,374) | ||
| Cash received from sale of equity-based investment | - | 125,000 | ||
| Project development costs | (76,428) | |||
| Net cash provided by (used in) investing activities by continuing operations | (4,097,456) | 111,054 | ||
| Net cash used in investing activities by discontinued operations | - | (104,352) | ||
| Cash flows provided by financing activities: | ||||
| Proceeds from short-term note payable | 5,705 | 7,273,044 | ||
| Payment of short-term notes payable | (805,753) | (5,834,000) | ||
| Proceeds from convertible notes payable | 1,770,000 | - | ||
| Repayment of convertible notes payable | (498,261) | - | ||
| Proceeds from line of credit | 2,001,667 | - | ||
| Proceeds from due to affiliates | 76,435 | - | ||
| Prefunded warrant exercise | - | 125 | ||
| Proceeds from warrant inducement | 910 | 2,599,081 | ||
| Issuance of common stock under EP agreement | - | 28,867 | ||
| Issuance of common stock for cash | 6,636,205 | 3,590,386 | ||
| Issuance of preferred stock for cash | 2,799,500 | - | ||
| Net cash provided by financing activities by continuing operations | 11,986,408 | 7,657,503 | ||
| Net cash provided by financing activities by discontinued operations | - | 3,596,211 | ||
| Net (decrease) increase in cash and cash equivalents | 51,993 | 361,661 | ||
| Cash and cash equivalents - beginning of year | 375,873 | 14,212 | ||
| Cash and cash equivalents - end of year | $427,866 | $375,873 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid during the year for interest | $887,847 | $2,090,264 | ||
| Cash paid during the year for income taxes | $ | - | - | |
| Supplemental disclosure of non-cash operating activities: | ||||
| Assets and liabilities effected in deconsolidation | ||||
| Cash | $ | - | $567,473 | |
| Assets held for sale | $ | - | $4,400,361 | |
| Prepaid expenses and other current assets | $ | - | $429,331 | |
| Property and equipment, net | $ | - | $1,194,117 | |
| Project development costs and other assets | $ | - | $91,490 | |
| Goodwill | $ | - | $1,810,787 | |
| Intangible assets | $ | - | $138,678 | |
| Investments in equity-based investments | $ | - | $3,642,607 | |
| Accounts payable and accrued expenses | $ | - | $1,600,294 | |
| Contingent consideration payable | $ | - | $945,000 | |
| Supplemental disclosure of non-cash financing activities: | ||||
| Series A Preferred Stock issued for NAHD Acquisition | $18,800,000 | $ | - | |
| Conversion of Series A Preferred | $151,360 | $ | - | |
| Common stock issued for Giant Container acquisition | $518,150 | $ | - | |
| Promissory note issued for Giant Container acquisition | $1,477,000 | $ | - | |
| Derecognition of SG Devco interests | $2,013,472 | $ | - | |
| Recognition of operating lease | $348,822 | $ | - | |
| Debt discounts recognized | $1,324,926 | $ | - | |
| Refinance and settlement of convertible notes payable | $271,739 | $ | - | |
| Settlement of short-term note payable | $67,253 | $ | - | |
| Settlement of convertible notes payable | $575,000 | $ | - | |
| Conversion of convertible notes payable | $625,000 | $ | - | |
| Common stock issued to settle due to affiliates | $1,495,098 | $ | - | |
| Common stock issued to settle accounts payable | $149,545 | $ | - | |
| Recognition of asset retirement obligations | $1,777,335 | $ | - | |
| Long-term notes reclassified to short-term notes payable | $978,003 | $ | - | |
| Conversion of Series B Preferred stock to common stock | $57,916 | $ | - | |
| Short-term notes payable | $ | - | $6,476,723 | |
| Cashless warrant exercise | $60,000 | $114 | ||
| Recognition of right of use asset and lease liability | $348,822 | $ | - | |
| Fractional common share adjustment | $ | - | $1 | |
| Common stock deemed dividend - inducement | $ | - | $475,713 | |
| Common stock deemed dividend - inducement | $ | - | $5,145,883 | |
| Conversion of short-term notes payable and accrued interest to common stock | $ | - | $802,086 | |
| Fair value of warrants issued with debt | $ | - | $251,361 | |
| Common stock issuance for accounts payable settlement | $ | - | $1,259,681 | |
| Additions of property for debt | $ | - | $ | - |
| Restricted stock units issued | $ | - | $ | - |
| SG DevCorp Distribution | $ | - | $ | - |
| SG DevCorp. Transactions | $ | - | $ | - |
| Peak Stock and Warrants Issuances | $ | - | $ | - |
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