Meridian Holdings Inc./NV
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
MRDN$6.24-23.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Meridian Holdings Inc. and Subsidiary
Consolidated Statements of Cash Flow
| Twelve Months Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 · 2024 | |||
| Cash flows from operating activities: | |||
| Net income (loss) | $(91,982,136) | $(1,409,849) | |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Fair value of stock-based compensation | 4,091,449 | 4,707,313 | |
| Non-cash interest expense related to debt discount amortization | 2,765,453 | 2,157,607 | |
| Amortization of intangible assets | 9,165,798 | 6,373,696 | |
| Depreciation of property, plant and equipment | 5,984,384 | 4,416,495 | |
| Loss on valuation / impairment | 91,819,422 | - | |
| Bad debt expense | 725,061 | 1,358,147 | |
| Changes in operating assets and liabilities: | |||
| (Increase) decrease in accounts receivable | (2,606,175) | (748,278) | |
| (Increase) decrease in accounts receivable – related party | 176,840 | 59,257 | |
| (Increase) decrease in taxes receivable | 139,196 | 263,148 | |
| (Increase) decrease in prepaid expenses | 322,245 | (349,387) | |
| (Increase) decrease in other current assets | 461,662 | (591,982) | |
| (Increase) decrease in inventories | (1,278,092) | (958,112) | |
| (Increase) decrease in deposits | (628,210) | (119,824) | |
| (Increase) decrease in other non-current assets | (449,039) | 95,705 | |
| Increase (decrease) in accounts payable and accrued liabilities | 7,690,470 | 4,337,364 | |
| Increase (decrease) in accounts payable – related party | 273,995 | (2,943) | |
| Increase (decrease) in taxes payable | 1,334,474 | (766,413) | |
| Increase (decrease) in deferred revenues | (60,378) | 33,585 | |
| Increase (decrease) in customer deposit | 567,667 | 1,564 | |
| Increase (decrease) in other current liabilities | (495,751) | 264,039 | |
| Increase (decrease) in other liabilities | (4,039,351) | (823,607) | |
| Increase (decrease) in operating lease liabilities | 1,379,124 | 5,618,901 | |
| Net cash provided by operating activities | $25,358,108 | $23,916,426 | |
| Cash flows from investing activities: | |||
| Cash paid for intangible assets | (7,464,849) | (14,827,206) | |
| Cash paid for investments | (5,431,507) | 19,681 | |
| Cash paid for property, plant and equipment | (6,184,530) | (7,164,733) | |
| Cash paid for purchase of subsidiaries | (1,097,395) | (8,964,188) | |
| Cash distribution to former owners of MeridianBet Group in connection with the Purchase | (1,824,971) | (23,852,949) | |
| Cash assumed from acquisition with Golden Matrix | - | 17,355,360 | |
| Net cash used in investing activities | $(22,003,252) | $(37,434,035) | |
| Cash flows from financing activities: | |||
| Repayment on debt | (21,502,312) | (3,675,091) | |
| Proceeds from loans and borrowings | 2,154,564 | 25,972,500 | |
| Proceeds from sale of note and warrant | - | 8,747,556 | |
| Proceeds from sale of stock | 2,960,897 | - | |
| Repayment of lease | (2,750,092) | (2,474,864) | |
| Payments of dividends | (144,782) | (769,534) | |
| Share repurchase | (122,778) | (123,101) | |
| Proceeds from option exercise | - | 34,800 | |
| Net cash provided by (used in) financing activities | $(19,404,503) | $27,712,266 | |
| Effect of exchange rate changes on cash | 4,002,003 | (4,474,009) | |
| Net increase (decrease) in cash and cash equivalents | (12,047,644) | 9,720,648 | |
| Cash and cash equivalents at beginning of the year | 30,125,944 | 20,405,296 | |
| Cash and cash equivalents at end of the year | $18,078,300 | $30,125,944 | |
| Supplemental cash flows disclosures | |||
| Interest paid | $1,788,823 | $1,350,751 | |
| Tax paid | $4,030,212 | $3,918,277 | |
| Non-cash financing activities | |||
| Debt conversion | $20,021,408 | $4,425,000 | |
| Shares issued for settlement of true-up liability | $518,651 | $ | - |
| Acquisition of minority interest | $393,038 | $7,172,504 | |
| Common stock issued for vested RSUs | $19 | $9 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.