Borealis Foods Inc.
For the period ended Mar 31, 2026. Filed Jun 30, 2026.
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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, 2026 · Filed Jun 30, 2026
BRLS$0.95-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| For the Three Months Ended March 31, 2026 · For the Three Months Ended March 31, 2025 | |||
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net loss | $(3,512,418) | $(4,187,588) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Non-cash compensation expense related to restricted share units | 40,125 | 58,166 | |
| Depreciation and amortization | 386,044 | 480,554 | |
| Amortization of loan costs | - | 76,466 | |
| Provision for credit losses | 32,997 | (47,653) | |
| Provision for inventory reserve | (30,120) | (126,323) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 872,663 | 234,308 | |
| Inventories | 1,080,160 | 421,189 | |
| Prepaid expenses and other | (308,985) | 201,262 | |
| Operating lease | 321 | (624) | |
| Accounts payable and accrued expenses | 1,316,341 | 1,517,638 | |
| Net cash used in operating activities | $(122,872) | $(1,372,605) | |
| Cash flows from investing activities | |||
| Purchases of intangible assets | - | (9,515) | |
| Purchases of property, plant and equipment | - | (16,229) | |
| Net cash used in investing activities | $ | - | $(25,744) |
| Cash flows from financing activities | |||
| Proceeds from related parties | 1,421,825 | 1,085,000 | |
| Payments on finance leases payable | (151,242) | (147,080) | |
| Payments on line of credit | (4,996,956) | - | |
| Borrowings on line of credit | 4,515,243 | - | |
| Payments on notes payable | (250,000) | - | |
| Net cash provided by financing activities | $538,870 | $937,920 | |
| - | |||
| Net change in cash | 415,998 | (460,429) | |
| Cash, beginning of period | 63,859 | 652,965 | |
| Cash, end of period | $479,857 | $192,536 | |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | $808,850 | $243,500 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.