Onar Holding Corp
For the period ended Jun 30, 2025. Filed Aug 19, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 19, 2025
ONARStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024
| 2025 · 2024 | ||||
|---|---|---|---|---|
| Operating Activities | ||||
| Net loss | $(2,693,525) | $(665,504) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 178,480 | 223,608 | ||
| Amortization of employee loan receivable | 31,250 | 62,500 | ||
| Amortization of debt discount | 32,487 | - | ||
| Lease expense | (48) | - | ||
| Change in fair value of investment in equity securities | 246,804 | - | ||
| Share based compensation | 418,913 | - | ||
| Employee loan receivable interest income and extension fee | (34,450) | - | ||
| Note payable, related party, extension fees added to principal | 194,773 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (84,473) | 15,462 | ||
| Accounts receivable, related party | - | (315,488) | ||
| Prepaid expenses and other assets | (20,669) | (61,305) | ||
| Accounts payable | 179,362 | (53,813) | ||
| Accrued expenses and other liabilities | 848,768 | 203,977 | ||
| Accrued expenses and advances, related party | (220,201) | (239,176) | ||
| Deferred revenue | (145,903) | 3,529 | ||
| Customer contracts | 43,888 | - | ||
| Net cash used in operating activities | (1,024,544) | (826,210) | ||
| Investing Activities | ||||
| Purchase of property and equipment | - | (27,029) | ||
| Loan receivable | - | (400,700) | ||
| Net cash used in investing activities | - | (427,729) | ||
| Financing Activities | ||||
| Proceeds from issuance of notes payable | - | 2,154,796 | ||
| Repayment of notes payable | (3,775) | - | ||
| Proceeds from sale of preferred stock | 500,000 | - | ||
| Proceeds from notes payable, related party | 35,000 | |||
| Repayment of notes payable, related party | (247,673) | (404,000) | ||
| Proceeds from line of credit | 49,004 | 90,000 | ||
| Repayment of line of credit | (7,710) | (90,158) | ||
| Proceeds from issuance of convertible notes payable | 662,000 | - | ||
| Distributions to members of HLDCO | - | (236,397) | ||
| Contributions from members of HLDCO | - | 125,500 | ||
| Repayment of convertible notes payable | (36,091) | - | ||
| Net cash provided by financing activities | 950,754 | 1,639,741 | ||
| Net change in cash | (73,790) | 385,802 | ||
| Cash - beginning of year | 339,199 | 1,015 | ||
| Cash - end of period | $265,409 | $386,817 | ||
| Supplemental cash flow disclosures | ||||
| Interest paid | $5,432 | $90,000 | ||
| Income taxes paid | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Conversion of notes payable and accrued interest | $142,455 | $ | - | |
| Accrued liabilities paid by related party note payable | $287,556 | $ | - | |
| Discounts on convertible notes payable | $68,287 | $ | - | |
| Line of credit converted to note payable | $212,065 | $ | - | |
The accompanying notes are an integral part of these condensed consolidated financial statements.** **
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.