CREATIVE REALITIES, INC.
For the period ended Dec 31, 2024. Filed Mar 14, 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 14, 2025
CREX$2.12-1.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| For the Years Ended | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| Operating Activities: | ||
| Net loss | $(3,508) | $(2,937) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 4,078 | 3,221 |
| Amortization of debt discount | 569 | 1,443 |
| Amortization of stock-based compensation | 13 | 563 |
| Amortization of deferred financing costs | 63 | - |
| Loss on extinguishment of debt | 1,059 | - |
| Bad debt expense | 13 | 153 |
| Provision for inventory reserves | (43) | 109 |
| Loss on change in fair value of contingent consideration | 1,608 | 1,419 |
| Deferred income taxes | 61 | 44 |
| Changes to operating assets and liabilities: | ||
| Accounts receivable | 1,850 | (4,358) |
| Inventories | 615 | (409) |
| Prepaid expenses and other current assets | (194) | 952 |
| Accounts payable | (1,388) | 4,486 |
| Accrued expenses and other current liabilities | (395) | (47) |
| Deferred revenue | 5 | (91) |
| Customer deposits | (1,052) | 755 |
| Other, net | 27 | (136) |
| Net cash provided by operating activities | 3,381 | 5,167 |
| Investing activities | ||
| Purchases of property and equipment | (11) | (306) |
| Capitalization of labor for software development | (2,790) | (3,721) |
| Net cash used in investing activities | (2,801) | (4,027) |
| Financing activities | ||
| Proceeds from sale of common stock, net of offering expenses | - | 5,454 |
| Proceeds from borrowings under revolving credit facility | 31,459 | - |
| Repayment of borrowings under revolving credit facility | (18,415) | - |
| Payment of deferred financings costs | (306) | - |
| Repayment of term debt | (15,147) | (5,294) |
| Principal payments on finance leases | (44) | (23) |
| Net cash (used in) provided by financing activities | (2,453) | 137 |
| Increase (decrease) in Cash and Cash Equivalents | (1,873) | 1,277 |
| Cash and Cash Equivalents, beginning of year | 2,910 | 1,633 |
| Cash and Cash Equivalents, end of year | $1,037 | $2,910 |
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