Onar Holding Corp
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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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.
Jun 30, 2026 · Filed Aug 14, 2026
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Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Operating activities | ||||
| Net loss | $(2,251,555) | $(2,693,525) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 74,012 | 171,153 | ||
| Amortization of employee loan receivable | 1,446 | 31,250 | ||
| Amortization of debt discount | 371,775 | 32,487 | ||
| Lease expense | — | (48) | ||
| Change in fair value of investment in equity securities | — | 246,804 | ||
| Shares and options issued for services | 128,797 | 418,913 | ||
| Employee loan receivable interest income and extension fee | — | (34,450) | ||
| Extension fees added to principal of notes payable, related party | — | 194,773 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (7,097) | (84,473) | ||
| Accounts receivable, related party | — | - | ||
| Prepaid expenses and other assets | 14,826 | (20,669) | ||
| Accounts payable | 162,697 | 179,362 | ||
| Accrued expenses and other liabilities | 947,218 | 848,768 | ||
| Accrued expenses, related party and advances from executive | (86,777) | (220,201) | ||
| Deferred revenue | 265,845 | (145,903) | ||
| Customer contracts | — | 43,888 | ||
| Net cash used in operating activities – continuing operations | (378,813) | (1,024,544) | ||
| Net cash provided by operating activities – discontinued operations | — | — | ||
| Investing activities | ||||
| Proceeds from sale of investment in equity securities | — | — | ||
| Cash received from purchase of Retina AI | — | — | ||
| Proceeds from disposal of property and equipment | 10,566 | — | ||
| Repayments from related party | — | — | ||
| Advances to related party | (178,638) | — | ||
| Net cash (used in) provided by investing activities – continuing operations | (168,072) | — | ||
| Net cash provided by investing activities – discontinued operations | — | — | ||
| Financing activities | ||||
| Proceeds from issuance of notes payable | — | — | ||
| Repayment of notes payable | — | (3,775) | ||
| Proceeds from sale of preferred stock | — | 500,000 | ||
| Proceeds from issuance of notes payable, related party | — | — | ||
| Repayment of notes payable, related party | (25,000) | 35,000 | ||
| Proceeds from advances from related party | — | (247,673) | ||
| Repayment of advances from related party | — | 49,004 | ||
| Proceeds from line of credit | 6,387 | - | ||
| Repayment of line of credit | — | (7,710) | ||
| Proceeds from convertible notes payable | 785,765 | 662,000 | ||
| Payments on convertible notes payable | (274,738) | (36,091) | ||
| Net cash provided by financing activities – continuing operations | 492,414 | 950,754 | ||
| Net cash used in financing activities – discontinued operations | — | - | ||
| Net change in cash | (54,471) | (73,790) | ||
| Cash – beginning of period | 94,420 | 339,199 | ||
| Cash – end of period | $39,949 | $265,409 | ||
| Supplemental cash flow disclosures | ||||
| Interest paid | $52,776 | $5,432 | ||
| Income taxes paid | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Notes payable and accrued interest converted to common stock | $93,173 | $142,455 | ||
| Series E Preferred Stock issued as acquisition consideration | $100,000 | $ | - | |
| Notes payable issued as acquisition consideration | $85,000 | $ | - | |
| 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 | |
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