Safe Pro Group 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
SPAI$2.93-10.7%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Nine months Ended | ||||
|---|---|---|---|---|
| September 30, | ||||
| 2024 · 2023 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(6,044,239) | $(1,894,258) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization expense | 222,630 | 178,323 | ||
| Stock-based compensation | 2,948,000 | 113,200 | ||
| Amortization of debt discount | 208,006 | - | ||
| Change in operating assets and liabilities: | ||||
| Accounts receivable | (58,141) | (318,236) | ||
| Inventory | (16,115) | (314) | ||
| Prepaid expenses and other assets | (370,124) | 20,193 | ||
| Accounts payable | 64,661 | 117,248 | ||
| Accrued expenses | 161,652 | (60,889) | ||
| Contract liabilities | (14,382) | 34,855 | ||
| Lease liability | (9,110) | 1,882 | ||
| Accrued compensation | (157,945) | 55,971 | ||
| NET CASH USED IN OPERATING ACTIVITIES | (3,065,107) | (1,752,025) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of property and equipment | (53,801) | (28,749) | ||
| Investment in intangible technologies | (172,596) | - | ||
| NET CASH USED IN INVESTING ACTIVITIES | (226,397) | (28,749) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Proceeds from convertible notes payable | 275,002 | - | ||
| Proceeds from notes payable | 236,500 | 989,250 | ||
| Repayments from notes payable | (236,500) | - | ||
| Proceeds from sale of common stock and warrants | 489,003 | - | ||
| Proceeds from sale of common stock from offering | 4,179,500 | - | ||
| Repayment due to related party | (20,654) | (320,679) | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 4,922,851 | 668,571 | ||
| NET INCREASE (DECREASE) IN CASH | 1,631,347 | (1,112,203) | ||
| CASH, beginning of period | 703,368 | 1,752,266 | ||
| CASH, end of period | $2,334,715 | $640,063 | ||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
| Cash paid for: | ||||
| Interest | $97,804 | $4,086 | ||
| Income taxes | $ | - | $ | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||
| Increase in intangible assets and equity for asset acquisition | $ | - | $545,625 | |
| Issuance of common shares and equity for convertible debt | $750,002 | $ | - | |
| Issuance of common shares for accrued interest payable | $58,530 | $ | - | |
| Increase in additional paid in capital for conversion of preferred shares to common shares | $347 | $ | - | |
| Increase in debt discount and additional paid-in capital | $76,802 | $ | - | |
See accompanying unaudited notes to the 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.