EzFill Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 2024
NXXT$0.19-92.9%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
Consolidated Statements of Cash Flows
| For the Nine Ended September 30, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| Operating activities | ||||
| Net loss | $(13,339,363) | $(7,044,320) | ||
| Adjustments to reconcile net loss to net cash used in operations | ||||
| Depreciation and amortization | 810,451 | 829,137 | ||
| Impairment of fixed assets | 13,422 | - | ||
| Amortization of bond premium and realized loss on investments in debt securities | - | 34,556 | ||
| Amortization of operating lease - right-of-use asset | 175,956 | 167,181 | ||
| Amortization of operating lease - right-of-use asset - related party | 55,791 | - | ||
| Amortization of debt discount | 2,573,317 | 755,457 | ||
| Bad debt expense | 41,836 | 83,564 | ||
| Stock issued in connection with loan interest expense - related party | 677,550 | - | ||
| Stock issued for services | 187,968 | 200,592 | ||
| Stock issued for services - related parties | 268,667 | 488,697 | ||
| Default penalty interest expense | 4,475,565 | - | ||
| Loss on debt extinguishment – related party | 907,500 | - | ||
| Changes in operating assets and liabilities | ||||
| (Increase) decrease in | ||||
| Accounts Receivable | (404,030) | (643,005) | ||
| Inventory | 31,372 | (32,023) | ||
| Prepaids and other | 28,435 | (28,578) | ||
| Deposits | - | (280) | ||
| Increase (decrease) in | ||||
| Accounts payable and accrued expenses | 36,552 | (114,855) | ||
| Accounts payable and accrued expenses - related party | 243,703 | 31,815 | ||
| Operating lease liability | (180,024) | (167,605) | ||
| Operating lease liability - related party | (53,335) | - | ||
| Net cash used in operating activities | (3,448,667) | (5,439,667) | ||
| Investing activities | ||||
| Proceeds from sale of marketable debt securities | - | 2,130,116 | ||
| Advances - related party | (17,150) | - | ||
| Purchase of fixed assets - net of refunds on prior purchases | (38,554) | 19,498 | ||
| Net cash used provided by (used in) investing activities | (55,704) | 2,149,614 | ||
| Financing activities | ||||
| Proceeds from issuance of Series B - convertible preferred stock - related party | 1,400,000 | - | ||
| Proceeds from notes payable | 250,000 | 250,000 | ||
| Proceeds from notes payable - related party | 3,300,000 | 3,321,100 | ||
| Proceeds from common stock issued for cash | - | 25,308 | ||
| Cash paid for direct offering costs - common stock | - | (25,308) | ||
| Repayments on line of credit | - | (1,000,000) | ||
| Repayments on notes payable | (844,429) | (680,110) | ||
| Repayments on loan payable - related party | - | (262,500) | ||
| Net cash provided by financing activities | 4,105,571 | 1,628,490 | ||
| Net decrease in cash | 601,200 | (1,661,563) | ||
| Cash - beginning of period | 226,985 | 2,066,793 | ||
| Cash - end of period | $828,185 | $405,230 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $185,742 | $99,427 | ||
| Cash paid for income tax | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Conversion of debt - related party - Series A, preferred stock | $3,630,000 | $ | - | |
| Conversion of debt - related party - common stock | $9,322,500 | $ | - | |
| Conversion of accrued interest - related party - common stock | $474,196 | |||
| Debt discount (OID) in connection with the issuance of notes payable - related party | $2,020,387 | $583,750 | ||
| Series A and B - preferred stock dividends - payable in common stock | $84,834 | $ | - | |
| Adjust note balance for actual borrowings | $ | - | $280,664 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.