INTELLIGENT BIO SOLUTIONS INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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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.
Dec 31, 2023 · Filed Feb 9, 2024
INBS$2.25-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 | |||
| Cash flows from operating activities: | |||
| Net loss | $(4,408,807) | $(1,641,149) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 479,044 | 349,533 | |
| Amortization of right-of-use assets | 118,829 | 48,623 | |
| Non-cash loss on foreign currency translation, net | 555 | 16,148 | |
| Provision for bad debts | - | 22,918 | |
| Provision for inventory obsolescence | 69,016 | 188,364 | |
| Share-based compensation | - | 260,000 | |
| Non-cash refund of R&D expenditure claims | (78,281) | (98,552) | |
| Fair value gain on revaluation of financial instruments | (175,738) | (1,793,091) | |
| Non-cash other operating activities | 15,529 | (17,148) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 31,027 | (301,235) | |
| Inventories | (31,159) | (35,145) | |
| Grant receivable / deferred grant income | 93,843 | 41,428 | |
| Research and development tax incentive receivable | 209,591 | (137,589) | |
| Other current assets | 221,190 | 87,043 | |
| Accounts and other payables | (630,570) | (1,237,803) | |
| Operating lease liabilities | (100,151) | - | |
| Other long-term liabilities | 5,091 | (26,930) | |
| Net cash used in operating activities | (4,180,991) | (4,274,585) | |
| Cash flows from investing activities: | |||
| Purchase of business, net of cash acquired | - | (181,750) | |
| Amount invested on construction in progress | (56,669) | (504,445) | |
| Net cash used in investing activities | (56,669) | (686,195) | |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock, and warrants | 1,342,296 | - | |
| Proceeds from issuance of preferred stock | 3,036,223 | 220,578 | |
| Payment of equity issuance costs | (592,355) | (499,818) | |
| Payment of tax withholding for employee stock awards | - | (14,407) | |
| Payment of finance lease liabilities | - | (34,767) | |
| Net cash provided by (used in) financing activities | 3,786,164 | (328,414) | |
| Effect of foreign exchange rates on cash and cash equivalents | 33,256 | (37,425) | |
| Decrease in cash and cash equivalents | (418,240) | (5,326,619) | |
| Cash and cash equivalents, beginning of period | 1,537,244 | 8,238,301 | |
| Cash and cash equivalents, end of period | $1,119,004 | $2,911,682 | |
| Non-cash investing and financing activities | |||
| Shares issued for business acquisition | $ | - | $5,530,666 |
| Note receivable settled for business acquisition | - | 504,938 | |
| Deferred consideration payable for business acquisition | - | 481,750 | |
| Conversion of preferred shares into common shares | 57,287 | - | |
| Conversion of holdback Series C Preferred Stock into common stock | 32,762 | - | |
| Issuance of common stock upon cashless exercise Series F warrants | 6,122 | - | |
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