CISO Global Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
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, 2024 · Filed Aug 14, 2024
CISO$0.17-4.3%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
| June 30, 2024 · June 30, 2023 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | $(15,046,075) | $(64,170,352) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock based compensation - stock options | 4,657,139 | 8,635,778 | ||
| Stock based compensation - common stock | - | 573,501 | ||
| Depreciation and amortization | 1,469,119 | 1,813,305 | ||
| Right of use amortization | 115,843 | 100,460 | ||
| Other | 306,679 | 43,750 | ||
| Impairment of intangible assets | - | 3,116,039 | ||
| Impairment of goodwill | - | 41,038,172 | ||
| Loss on assets held for sale | 3,349,799 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | 2,099,324 | (617,138) | ||
| Inventory | 161,586 | (46,776) | ||
| Contract assets | 42,942 | (43,807) | ||
| Prepaids and other current assets | 144,392 | (252,169) | ||
| Accounts payable and accrued expenses | (433,905) | 4,172,201 | ||
| Lease liability | (97,850) | (90,049) | ||
| Deferred revenue | 551,385 | 408,125 | ||
| Net cash used in operating activities | (2,679,622) | (5,318,960) | ||
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | (83,095) | (148,866) | ||
| Net cash used in investing activities | (83,095) | (148,866) | ||
| Cash flows from financing activities: | ||||
| Proceeds from sale of common stock | 154,947 | 6,682,198 | ||
| Proceeds from stock option exercise | - | 491,853 | ||
| Proceeds from loan payable | 4,273,823 | 2,210,022 | ||
| Proceeds from convertible notes payable, related party | - | 5,000,000 | ||
| Proceeds from convertible note payable | - | 1,050,000 | ||
| Proceeds from lines of credit | 2,564,589 | 144,307 | ||
| Payment on lines of credit | (374,483) | (149,693) | ||
| Payment on loans payable | (3,406,538) | (7,297,980) | ||
| Payment of convertible note payable | - | (2,550,000) | ||
| Payment of debt issuance cost | (144,000) | (87,500) | ||
| Net cash provided by financing activities | 3,068,338 | 5,493,207 | ||
| Effect of exchange rates on cash and cash equivalents | (59,214) | 13,631 | ||
| Net increase in cash and cash equivalents | 246,407 | 39,012 | ||
| Cash and cash equivalents - beginning of the period | 1,062,442 | 1,833,163 | ||
| Cash and cash equivalents - end of the period | $1,308,849 | $1,872,175 | ||
| Reconciliation of cash and cash equivalents to the condensed consolidated financial statements | ||||
| Cash from continuing operations | $1,118,282 | $1,799,682 | ||
| Cash from discontinued operations | 190,567 | 72,493 | ||
| Total cash and cash equivalents, end of period | $1,308,849 | $1,872,175 | ||
| Supplemental cash flow information: | ||||
| Cash paid for: | ||||
| Interest | $1,083,769 | $926,441 | ||
| Income taxes | $ | - | $ | - |
| Supplemental disclosure of non-cash transactions: | ||||
| Operating lease assets obtained in exchange for operating lease obligations | $ | - | $733,782 | |
| Common stock issued as a lending discount | $122,000 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.