N2OFF Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 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
| Nine months ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Loss for the period | (3,936,207) | (5,472,512) |
| Adjustments required to reconcile net loss for the period to net cash used in operating activities: | ||
| Depreciation | 14,957 | 35,564 |
| Issuance of shares to employees and services providers | 557,220 | 1,243,160 |
| Non- cash expenses in the Yaaran purchase transaction | - | 1,661,707 |
| Share based compensation to employees and directors | - | 18,164 |
| Loss (gain) from sales of property and equipment | 189 | (12,294) |
| Gain from standby equity purchase agreement II (Note 5(1)) | (353,221) | - |
| Expenses from standby equity purchase agreement II and promissory note (Note 5(1)) | 147,019 | - |
| Change in fair value of investment in nonconsolidated affiliate | 856,836 | 87,576 |
| Change in FV of long term loan | (32,381) | - |
| Interest income from solar project | (24,648) | - |
| Exchange rate differences on operating leases | 5,505 | 1,039 |
| Decrease (increase) in accounts receivable, net | (47,178) | 146,831 |
| Decrease (increase) in inventory | 70,599 | (9,058) |
| Decrease in prepaid expenses and other current assets | 153,774 | 122,936 |
| Decrease in accounts payable | (4,664) | (12,470) |
| Decrease in other liabilities | (330,480) | (65,027) |
| Change in operating lease asset | 39,250 | 48,940 |
| Change in operating lease liability | (43,718) | (53,425) |
| Net cash used in operating activities | (2,927,148) | (2,258,869) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Investment in nonconsolidated affiliate | (203,000) | (1,542,348) |
| Long term loan | (406,465) | - |
| Solar PV joint venture project | (763,693) | |
| Proceeds from sales of property and equipment | 114 | 22,789 |
| Net cash used in investing activities | (1,373,044) | (1,519,559) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds on account of shares | 131,220 | - |
| Proceeds from promissory note | 1,455,000 | - |
| Repayments of promissory note | (1,542,931) | - |
| Proceeds from standby equity purchase agreement, net | 2,557,743 | - |
| Net cash provided by financing activities | 2,601,032 | - |
| Effect of exchange rate changes on cash and cash equivalents | (6,033) | 8,486 |
| DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (1,705,193) | (3,769,942) |
| 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 | 2,772,981 | 1,980,829 |
| Supplemental disclosure of cash flow information: | ||
| Non cash transactions: | ||
| Investment in nonconsolidated affiliate (see Note 3) | - | 826,705 |
| Issuance of shares for future services | - | 603,262 |
The accompanying notes are an integral part of the condensed consolidated interim financial statements
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