N2OFF Inc
For the period ended Mar 31, 2024. Filed May 15, 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 15, 2024
NXTS$2.56+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Interim Statements of Cash Flows (unaudited)
UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
| Three months ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Loss for the period | (822,358) | (1,721,549) |
| Adjustments required to reconcile net loss for the period to net cash used in operating activities: | ||
| Depreciation | 5,126 | 12,414 |
| Issuance of shares to employees and services providers | 23,738 | 67,614 |
| Share based compensation to employees and directors | - | 691,220 |
| Expenses from standby equity purchase agreement II (Note 4(1)) | 13,463 | - |
| Change in fair value of investment in nonconsolidated affiliate | (83,943) | - |
| Exchange rate differences on operating leases | 1,658 | (431) |
| Increase in accounts receivable, net | (39,073) | (89,695) |
| Decrease (increase) in inventory | 17,525 | (8,397) |
| Decrease (increase) in prepaid expenses and other current assets | 86,596 | (15,976) |
| Increase (decrease) in accounts payable | 115,298 | (20,908) |
| Decrease in other liabilities | (323,900) | (18,663) |
| Decrease in operating lease expense | 13,825 | 16,148 |
| Change in operating lease liability | (15,471) | (17,566) |
| Net cash used in operating activities | (1,007,516) | (1,105,789) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from standby equity purchase agreement, net | 39,950 | - |
| Net cash provided by financing activities | 39,950 | - |
| Effect of exchange rate changes on cash and cash equivalents | 2,601 | (382) |
| DECREASE IN CASH , CASH EQUIVALENTS AND RESTRICTED CASH | (964,965) | (1,106,171) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | 4,478,174 | 5,750,771 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | 3,513,209 | 4,644,600 |
The accompanying notes are an integral part of the condensed consolidated interim financial statements
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