Onar Holding Corp
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 14, 2025
ONARStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
| 2025 · 2024 | ||||
|---|---|---|---|---|
| Operating Activities | ||||
| Net loss | $(4,291,480) | $(1,789,601) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 237,188 | 337,709 | ||
| Impairment of related party accounts receivable | - | 405,614 | ||
| Amortization of employee loan receivable | 31,250 | - | ||
| Amortization of debt discount | 47,990 | - | ||
| Lease expense | (192) | - | ||
| Change in fair value of investment in equity securities | 298,400 | - | ||
| Share based compensation | 782,836 | - | ||
| 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 | 145,455 | (37,306) | ||
| Accounts receivable, related party | - | (405,614) | ||
| Prepaid expenses and other assets | (19,729) | (64,216) | ||
| Accounts payable | 685,000 | (32,652) | ||
| Accrued expenses and other liabilities | 1,258,552 | 402,030 | ||
| Accrued expenses and advances, related party | (228,079) | (42,586) | ||
| Deferred revenue | (46,222) | (42,504) | ||
| Customer contracts | (88,488) | (27,977) | ||
| Net cash used in operating activities | (1,027,196) | (1,297,103) | ||
| Investing Activities | ||||
| Purchase of property and equipment | - | (38,052) | ||
| Purchase of intangible assets | - | (4,317) | ||
| Cash received for acquisition of Reliant Holdings, Inc. | - | 374,294 | ||
| Payment made to related party for note receivable” | - | (400,700) | ||
| Proceeds from sale of investment in equity securities | 149,738 | - | ||
| Cash received from purchase of Retina AI | 60,003 | - | ||
| Acquisition of Juice Labs, LLC, net of cash received | (1,869,272) | - | ||
| Advances to related party | (110,419) | - | ||
| Net cash used in investing activities | (1,769,950) | (68,775) | ||
| Financing Activities | ||||
| Proceeds from issuance of notes payable | 2,110,000 | |||
| Repayment of notes payable | (46,708) | - | ||
| Repayment of due to shareholder | - | (598,844) | ||
| Advances from shareholder | - | 436,159 | ||
| Proceeds from sale of preferred stock | 500,000 | - | ||
| Repayment of advances from members of Onar | - | (79,368) | ||
| Proceeds from notes payable, related party | 35,000 | - | ||
| Repayment of notes payable, related party | (255,402) | (6,550) | ||
| Proceeds from line of credit | 47,581 | - | ||
| Repayment of line of credit | (7,710) | (1,431) | ||
| Proceeds from issuance of convertible notes payable | 2,863,500 | - | ||
| Distributions to members of HLDCO | - | (237,047) | ||
| Contributions from members of HLDCO | - | 126,000 | ||
| Repayment of convertible notes payable | (393,433) | - | ||
| Net cash provided by financing activities | 2,742,828 | 1,828,287 | ||
| Net change in cash | (54,318) | 462,409 | ||
| Cash - beginning of year | 339,199 | 1,015 | ||
| Cash - end of period | $284,881 | $463,424 | ||
| Supplemental cash flow disclosures | ||||
| Interest paid | $11,251 | $73,848 | ||
| Income taxes paid | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Conversion of notes payable and accrued interest | $200,455 | $ | - | |
| Conversion of Series B preferred stock to common stock | $1,907 | $ | - | |
| Fair value of shares issued for acquisition of Reliant Holdings, Inc. | $ | - | $688,732 | |
| Accrued liabilities paid by related party note payable | $287,556 | $ | - | |
| Discounts on convertible notes payable | $498,687 | $ | - | |
| Line of credit converted to note payable | $212,065 | $ | - | |
| Settlement and replacement of notes payable, related party and accrued interest | $233,062 | $ | - | |
| Purchase of Retina AI through issuance of Series E preferred stock | $153,331 | $ | - | |
| Discounts on convertible notes payable from issuance of common stock warrants | $425,430 | $ | - | |
The accompanying notes are an integral part of these condensed consolidated financial statements.** **
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