Idaho Copper Corp
For the period ended Jul 31, 2024. Filed Sep 5, 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.
Jul 31, 2024 · Filed Sep 5, 2024
COPR-WT$0.69-1.4%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 (unaudited)
Condensed Consolidated Statements of Cash Flows
For the Six Months Ended July 31,
| 2024 · 2023 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | $(2,080,247) | $(1,162,531) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation | 554,056 | 140,741 | ||
| Amortization of beneficial conversion feature | - | 135,246 | ||
| Amortization of debt discount | 19,490 | 11,317 | ||
| Change in assets and liabilities: | ||||
| Prepaid expenses | (116,233) | (27,321) | ||
| Accounts payable and accrued expenses | (71,811) | (33,433) | ||
| Accrued expenses - related party | 12,277 | 233,887 | ||
| Accrued interest | 83,194 | 122,460 | ||
| Net cash used in operating activities | (1,599,274) | (579,634) | ||
| Cash flows from financing activities: | ||||
| Proceeds from convertible notes payable | - | 201,200 | ||
| Proceeds from sale of preferred stock | 2,023,384 | - | ||
| Net cash provided by financing activities | 2,023,384 | 201,200 | ||
| Net increase in cash | 424,110 | (378,434) | ||
| Cash at beginning of period | 30,146 | 431,374 | ||
| Cash at end of period | $454,256 | $52,940 | ||
| Cash paid for interest | $ | - | $ | - |
| Cash paid for taxes | $ | - | $ | - |
| Non-cash investing and financing activities: | ||||
| Conversion of convertible notes payable | $1,048,793 | $ | - | |
| Cashless exercise of warrants and options | $20,563 | $ | - | |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.