Healthcare Integrated Technologies Inc
For the period ended Oct 31, 2024. Filed Dec 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.
Oct 31, 2024 · Filed Dec 13, 2024
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Interim Consolidated Statements of Cash Flows (Unaudited)
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Three Months Ended October 31, | ||||
|---|---|---|---|---|
| 2024 · 2023 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(684,138) | $(228,500) | ||
| Adjustments to reconcile loss to net cash used in operating activities: | ||||
| Amortization | 54,354 | 55,697 | ||
| Stock-based compensation | 256,382 | 21,942 | ||
| Impairment of intangibles | 15,678 | - | ||
| Cash received from deferred revenue | - | 10,061 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | 14,000 | - | ||
| Prepaid expenses and other current assets | - | (5,345) | ||
| Accounts payable and accrued expenses | (14,179) | 46,931 | ||
| Accounts payable and accrued expenses, related party | (45,575) | 34,802 | ||
| Payroll related liabilities | 24,811 | 61,363 | ||
| NET CASH USED BY OPERATING ACTIVITIES | (378,667) | (3,049) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from issuance of common stock | 2,232,000 | - | ||
| Cash deposits on stock subscription agreements | 220,000 | |||
| Proceeds from related party loans | 35,172 | 12,769 | ||
| Restricted cash | (220,000) | |||
| Payments of amounts owed to related parties | (50,405) | (10,000) | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 2,216,767 | 2,769 | ||
| Net change in cash and cash equivalents | 1,838,100 | (280) | ||
| Cash and cash equivalents, beginning of period | 175,562 | 411 | ||
| Cash and cash equivalents, end of period | $2,013,662 | $131 | ||
| SUPPLEMENTAL CASH FLOW INFORMATION | ||||
| Cash paid for interest | $ | - | $ | - |
| SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||
| Shares issued for payment of accrued expenses | $28,124 | $ | - | |
HEALTHCARE INTEGRATED TECHNOLOGIES, INC.
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