Nuo Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
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FY2024 · Filed Apr 1, 2025
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Item 8. Consolidated Statements of Cash Flows
Nuo Therapeutics, Inc.
Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(2,323,705) | $(3,171,436) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 56,652 | 21,746 |
| Provision for credit losses | 79,445 | 160,000 |
| Provision for inventory obsolescence | 30,000 | 16,074 |
| Gain on settlement of accounts payable | (133,623) | - |
| Depreciation expense | 23,022 | 15,327 |
| Amortization of operating lease right of use assets | 73,247 | 89,931 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (76,947) | (318,383) |
| Inventory, net | 29,147 | 14,343 |
| Prepaid expenses and other current assets | 15,286 | 21,907 |
| Accounts payable | (41,706) | (3,185) |
| Accrued liabilities | 103,778 | 65,347 |
| Operating lease liabilities | (66,218) | (79,452) |
| Net cash used in operating activities | (2,231,622) | (3,167,782) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (154,962) | (7,244) |
| Net cash used in investing activities | (154,962) | (7,244) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net proceeds from issuance of common stock | 1,500,000 | 1,997,500 |
| Net proceeds from warrant issuance | 151,200 | - |
| Net proceeds from option exercise | 90,417 | - |
| Net cash provided by financing activities | 1,741,617 | 1,997,500 |
| NET DECREASE IN CASH | (644,967) | (1,177,527) |
| Cash, beginning of period | 928,681 | 2,106,208 |
| Cash, end of period | $283,714 | $928,681 |
| RECONCILIATION OF CASH, AND RESTRICTED CASH | ||
| Cash | $928,681 | $2,051,208 |
| Restricted cash | - | 55,000 |
| Cash, and restricted cash, beginning of period | $928,681 | $2,106,208 |
| SUPPLEMENTAL INFORMATION | ||
| Cash paid during the period for: | ||
| Interest | $4,494 | $4,003 |
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