MANGOCEUTICALS 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
MGRX$0.19-4.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| For the Three Months Ended · For the Three Months Ended | ||||
|---|---|---|---|---|
| March 31, 2024 · March 31, 2023 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(2,367,617) | $(2,560,885) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 6,224 | 6,082 | ||
| Issuance of common stock for services | 416,500 | 700,000 | ||
| Imputed interest expense | - | 1,760 | ||
| Options vested for stock-based compensation | 37,965 | 64,271 | ||
| (Increase) decrease in operating assets: | ||||
| Inventory | 4,049 | - | ||
| Investment in subsidiary | - | - | ||
| Prepaid expenses | 902 | (19,530) | ||
| Operating lease right of use asset | 14,470 | - | ||
| (Decrease) increase in operating liabilities: | ||||
| Accounts payable and accrued liabilities | 875,180 | - | ||
| Accounts payable and accrued liabilities - related parties | 35,000 | - | ||
| Operating lease right of use liabilities | (15,412) | - | ||
| Payroll tax liabilities | 1,608 | - | ||
| NET CASH USED IN OPERATING ACTIVITIES | (991,131) | (1,808,302) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchases of property and equipment | - | (3,519) | ||
| NET CASH USED IN INVESTING ACTIVITIES | - | (3,519) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from borrowings on notes payable to related parties | 87,500 | - | ||
| Proceeds from sales of common stock for cash | 180,000 | 5,000,000 | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 267,500 | 5,000,000 | ||
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (723,631) | 3,188,179 | ||
| CASH AND CASH EQUIVALENTS: | ||||
| Beginning of period | 739,006 | 682,860 | ||
| Effects of currency translation on cash and cash equivalents | (70) | - | ||
| End of period | $15,305 | $3,871,039 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for income taxes | $ | - | $ | - |
| Cash paid for interest | $ | - | $ | - |
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