Agassi Sports Entertainment Corp.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| Year Ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(9,491,534) | $(793,749) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 13,999 | 270 | ||
| Stock-based compensation expense | 7,232,145 | 619,867 | ||
| Non-cash legal expense financed by note payable | - | - | ||
| Non-cash interest expense | 994 | - | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid expenses and other current assets | (400,589) | - | ||
| Accounts payable and accrued expenses | 438,991 | 24,235 | ||
| Net cash used in operating activities | (2,198,494) | (149,377) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | - | (10,050) | ||
| Acquisition of intangible asset | (25,000) | - | ||
| Net cash used in investing activities | (25,000) | (10,050) | ||
| Cash flows from financing activities: | ||||
| Proceeds from issuance of common stock, net of offering costs | - | 2,472,606 | ||
| Proceeds from related parties | - | 6,063 | ||
| Net cash provided by financing activities | - | 2,478,669 | ||
| Net change in cash and cash equivalents | (2,223,494) | 2,319,242 | ||
| Cash and cash equivalents at beginning of year | 2,319,242 | - | ||
| Cash and cash equivalents at end of year | $95,748 | $2,319,242 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for income taxes | $ | - | $ | - |
| Cash paid for interest | $ | - | $ | - |
| Supplemental disclosure of non-cash financing activities: | ||||
| Warrants issued in acquisition of intangibles | $283,287 | $ | - | |
| Shares issued pursuant to settlement of payables | $ | - | $593,670 | |
| Note payable issued for legal expense | $7,500 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.