Calidi Biotherapeutics Inc
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
CLDI$0.68-6.7%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
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(7,225) | $(6,462) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 102 | 93 |
| Amortization of right of use assets | 272 | 90 |
| Amortization of debt discount and financing costs | 16 | 201 |
| Stock-based compensation | 888 | 1,434 |
| Change in fair value of debt, other liabilities and derivatives | 199 | 1,513 |
| Other | — | 14 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 1,575 | (283) |
| Accounts payable | 968 | 21 |
| Accrued expenses and other current liabilities | (388) | 236 |
| Operating lease right of use liability | (238) | 36 |
| Net cash used in operating activities | (3,831) | (3,107) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of machinery and equipment | (5) | (137) |
| Net cash used in investing activities | (5) | (137) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercise of stock options | — | 181 |
| Related party proceeds from issuance of loan payable | 200 | — |
| Proceeds from simple agreements for future equity (SAFE) | — | 1,350 |
| Proceeds from issuance of convertible notes payable | 3,000 | — |
| Proceeds from issuance of term notes payable | — | 750 |
| Related party proceeds from issuance of term notes payable | — | 1,600 |
| Repayment of financing lease obligations | (23) | (19) |
| Payment of interest on loan payable | (2) | — |
| Payment of financing costs | (162) | (71) |
| Net cash provided by financing activities | 3,013 | 3,791 |
| Effect of exchange rate changes on cash | 17 | — |
| NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH | (806) | 547 |
| CASH AND RESTRICTED CASH BALANCE: | ||
| At beginning of the period | 2,167 | 590 |
| At end of the period | $1,361 | $1,137 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $24 | $12 |
| Cash paid for income taxes | $2 | $5 |
| SUPPLEMENTAL SCHEDULE OF NONCASH FINANCING AND INVESTING ACTIVITIES | ||
| Issuance of common stock in lieu of cash for services | $29 | $— |
| Issuance of common stock in lieu of cash for SEPA commitment fee | $81 | $— |
| Issuance of Warrants for legal settlement | $158 | $— |
| Issuance of Convertible Note for legal settlement | $1,500 | $— |
| Financing fees | $248 | $234 |
| Discount on convertible note payable | $149 | $— |
| Issuance of common stock with term notes as interest paid in kind and other | $— | $191 |
| Purchase of equipment included in accounts payable and accrued liabilities | $— | $249 |
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