Datavault AI Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net loss | | $(51,409) | | $(18,721) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Stock-based compensation | | | 2,976 | | | 2,058 |
| Depreciation and amortization | | 70 | | 98 | ||
| Amortization of debt discounts | | | 1,260 | | | 850 |
| Change in fair value of warrant liability | | | 29,120 | | | (4,510) |
| Loss on debt extinguishment | | | — | | | 837 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (55) | | (21) | ||
| Inventories | | 1,119 | | 4,333 | ||
| Prepaid expenses and other current assets | | (349) | | 152 | ||
| Other assets | | | 93 | | | 87 |
| Accounts payable | | (228) | | | 278 | |
| Accrued liabilities | | (41) | | (207) | ||
| Other liabilities | | (82) | | (60) | ||
| Net cash used in operating activities | | (17,526) | | (14,826) | ||
| | | | | | | |
| Cash flows from investing activities: | | | | |||
| Issuance of note receivable | | | (423) | | | — |
| Deposit for business combination | | | (1,000) | | | — |
| Purchases of property and equipment | | (35) | | (50) | ||
| Purchases of intangible assets | | (99) | | — | ||
| Net cash used in investing activities | | (1,557) | | (50) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from issuance of common stock in connection with warrant exercise, net of offering costs | | 8,063 | | 12,533 | ||
| Proceeds from issuance of common stock and warrants, net of offering costs | | | 19,558 | | | — |
| Proceeds from issuance of short-term loan, net of issuance costs | | | 600 | | | 597 |
| Proceeds from issuance of Series B preferred stock, net of issuance costs | | | — | | | 3,955 |
| Proceeds from exercise of warrants | | | 714 | | | — |
| Repurchase of common stock warrants | | | — | | | (2,323) |
| Repurchase of Series B preferred stock | | | (6,266) | | | — |
| Repayment of finance lease | | — | | (15) | ||
| Repayment of convertible note payable | | | — | | | (1,657) |
| Repayment of short-term loan | | | (667) | | | (700) |
| Net cash provided by financing activities | | 22,002 | | 12,390 | ||
| Net decrease in cash and cash equivalents | | 2,919 | | (2,486) | ||
| Cash and cash equivalents as of beginning of period | | 411 | | 2,897 | ||
| Cash and cash equivalents as of end of period | | $3,330 | | $411 | ||
| | | | | | | |
| Supplemental disclosure of cash flow information: | | | ||||
| Cash paid for interest | | $274 | | $256 | ||
| Cash paid for income taxes | | $4 | | $4 | ||
| | | | | | | |
| Noncash Investing and Financing Activities: | | | ||||
| Reclassification 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 | | $— | ||
| Derecognition of Series B preferred stock liability warrants | | $824 | | $— | ||
| Issuance of stock-based compensation to vendors | | $600 | | $— | ||
| 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 common stock and convertible note payable in connection with the acquisition of intangible assets | | $92,000 | | $— | ||
| Unpaid intangible assets acquisition costs | | $476 | | $— | ||
| Cashless exercise of warrants | | $587 | | $8,191 | ||
| Reclassification of equity warrants to liability warrants | | $645 | | $— | ||
| Cumulative effect of adoption of ASU 2020-06 | | $116 | | $— | ||
| Issuance of common stock in connection with conversion of Series B preferred stock | | $— | | $6,341 | ||
| Deemed dividend from accretion, amortization, and conversion of Series B preferred stock discounts | | $— | | $(6,360) | ||
| Issuance of warrants 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 | ||
Note: Share and per share amounts have been retroactively adjusted to reflect the impact of a 1-for-100 reverse stock split effected in January 2023 as well as a 1-for-150 reverse stock split effected in April 2024, as discussed in Note 1.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.