WISA TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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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, 2024 · Filed Nov 14, 2024
DVLT$0.06+3.5%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
For the nine months ended September 30, 2024 and 2023
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net loss | | | (45,050) | | $(12,358) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | |||
| Stock-based compensation | | | 1,323 | | | 1,498 |
| Depreciation and amortization | | | 59 | | | 82 |
| Amortization of debt discounts | | | 1,260 | | | 779 |
| Increase (decrease) in fair value of warrant liability | | | 29,120 | | | (6,134) |
| Loss on extinguishment of convertible note payable | | | — | | | 837 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | 117 | | (160) | ||
| Inventories | | 877 | | 3,901 | ||
| Prepaid expenses and other current assets | | (215) | | (149) | ||
| Other assets | | | 72 | | | 67 |
| Accounts payable | | (842) | | (84) | ||
| Accrued liabilities | | 59 | | (319) | ||
| Other liabilities | | (56) | | (61) | ||
| Net cash used in operating activities | | (13,276) | | (12,101) | ||
| | | | | | | |
| Cash flows from investing activities: | | | ||||
| Issuance of notes receivable | | | (323) | | | — |
| Purchases of property and equipment | | (28) | | (50) | ||
| Net cash used in investing activities | | (351) | | (50) | ||
| | | | | | | |
| Cash flows from financing activities: | | | ||||
| Proceeds from issuance of common stock, prefunded warrants and warrants, net of issuance costs | | | 19,558 | | | 7,995 |
| Proceed from issuance of common stock in connection with warrant exercise | | | 3,198 | | | 2,545 |
| Proceed from exercises of Series B preferred stock warrants | | | 714 | | | — |
| Proceeds from issuance of short-term loan, net of issuance costs | | | 600 | | | 598 |
| Repurchase of Series B preferred stock warrants | | | (6,266) | | | — |
| Repayment of short-term loan | | | (667) | | | — |
| Repayment of convertible note payable, net of issuance costs | | | — | | | (1,657) |
| Repayment of finance lease | | | — | | | (15) |
| Net cash provided by financing activities | | 17,137 | | 9,466 | ||
| | | | | | | |
| Net decrease in cash and cash equivalents | | 3,510 | | (2,685) | ||
| Cash and cash equivalents as of beginning of period | | 411 | | 2,897 | ||
| Cash and cash equivalents as of end of period | | | 3,921 | | $212 | |
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | | | | |
| Cash paid for interest | | | 276 | | $20 | |
| Cash paid for income taxes | | | — | | $2 | |
| | | | | | | |
| Noncash Investing and Financing Activities: | | | ||||
| Conversion of liability warrants to equity warrants | | $41,851 | | $— | ||
| Issuance of warrant liability in connection with financing | | $8,701 | | $— | ||
| Deemed dividend on conversion of Series B preferred stock and repurchase of Series B preferred stock | | $5,842 | | $— | ||
| Repurchase of Series B preferred stock warrants | | $824 | | $— | ||
| Issuance of common stock to vendors | | $600 | | $— | ||
| Cashless exercise of warrants | | $587 | | $8,191 | ||
| Warrant exercise in connection with loan settlement | | $333 | | $— | ||
| Issuance of common stock in connection with Series B preferred stock | | $325 | | $— | ||
| Unpaid financings issuance costs | | $269 | | $— | ||
| Issuance of warrant liability in connection with February 2023 offering | | $— | | $5,601 | ||
| Issuance of common stock in connection with convertible promissory note | | $— | | $708 | ||
| Record Right-of-Use Assets obtained in exchange for modified operating lease liabilities | | $— | | $554 | ||
| Deferred offering costs reclassed from prepaid expenses | | $— | | $97 | ||
| Accrual of legal fees for the short-term loan | | $— | | $10 | ||
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