MANGOCEUTICALS 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
MGRX$0.19-4.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
MANGOCEUTICALS, INC. AND SUBSIDIARY
Condensed Consolidated Statements of Cash Flows
| For the Nine Months Ended · For the Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, 2024 · September 30, 2023 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(6,758,630) | $(6,644,370) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 9,681 | 18,598 | ||
| Issuance of common stock for services | 1,683,515 | 1,171,750 | ||
| Imputed interest expense | - | (6,473) | ||
| Options vested for stock-based compensation | 197,703 | 195,384 | ||
| Reverse stock split rounding adjustment | 245 | - | ||
| Loss on sale of assets | 18,387 | - | ||
| Amortization of discount on preferred stock | 464,298 | - | ||
| Operating lease right of use asset | 44,349 | 40,808 | ||
| (Increase) decrease in operating assets: | ||||
| Inventory | 5,288 | (21,581) | ||
| Prepaid expenses | 60,953 | (72,637) | ||
| (Decrease) increase in operating liabilities: | ||||
| Accounts payable and accrued liabilities | 566,754 | 55,384 | ||
| Accounts payable and accrued liabilities - related party | 46,443 | - | ||
| Operating lease right of use liabilities | (47,172) | (41,980) | ||
| Payroll tax liabilities | (1,015) | 5,483 | ||
| Other liabilities | (25,000) | - | ||
| NET CASH USED IN OPERATING ACTIVITIES | (3,734,201) | (5,299,634) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchases of property and equipment | - | (3,519) | ||
| Sale of assets | 65,000 | - | ||
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 65,000 | (3,519) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from borrowings on notes payable - related parties | 187,500 | (78,260) | ||
| Proceeds from sales of common stock for cash | 568,270 | 5,000,000 | ||
| Proceeds from sales of preferred stock for cash | 2,250,000 | - | ||
| Proceeds from exercise of warrants | - | 1,024,500 | ||
| Repayment on notes payable | - | (89,200) | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 3,005,770 | 5,857,040 | ||
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (663,431) | 553,887 | ||
| CASH AND CASH EQUIVALENTS: | ||||
| Beginning of period | 739,006 | 682,860 | ||
| Effects of currency translation on cash and cash equivalents | (1,663) | - | ||
| End of period | $73,912 | $1,236,747 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for income taxes | $ | - | $ | - |
| Cash paid for interest | $ | - | $ | - |
| $ | - | $ | - | |
| Supplemental schedule of non-cash investing and financing activities: | ||||
| Issuance of Series C Convertible Preferred for patent acquisition | $14,610,000 | $ | - | |
| Series B Convertible Preferred converted to common stock | $704,000 | $ | - | |
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