Flyte Aviation, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
VTAK$0.15-0.7%Stored close · as of Oct 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(4,045) | $(2,675) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 531 | 522 |
| Stock-based compensation | 91 | 6 |
| Change in fair value of royalties payable due to related parties | 1,163 | 86 |
| Deferred income tax benefit | (724) | |
| Acquired in-process research and development | 119 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (16) | 64 |
| Inventories | (43) | (19) |
| Prepaid expenses and other current assets | 68 | 88 |
| Operating lease right-of-use assets and lease liabilities | (2) | — |
| Current portion of royalties payable due to related parties | (11) | — |
| Accounts payable | 410 | 79 |
| Accrued expenses | 76 | (93) |
| Interest payable due to related parties | 45 | — |
| Net cash used in operating activities | (2,338) | (1,942) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (10) | (22) |
| Net cash used in investing activities | (10) | (22) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Payment on notes payable | (75) | (110) |
| Net cash used in financing activities | (75) | (110) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (2,423) | (2,074) |
| CASH AND CASH EQUIVALENTS, beginning of period | 2,873 | 3,565 |
| CASH AND CASH EQUIVALENTS, end of period | $450 | $1,491 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $4 | $3 |
| SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES | ||
| Fair value of common stock issued in connection with the asset acquisition | $113 | $— |
| Consideration for asset acquisition included in accrued expenses | $6 | $— |
| Property and equipment included in accrued expenses | $7 | $— |
| Property and equipment reclassified from inventories | $5 | $— |
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