Glimpse Group Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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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.
Dec 31, 2024 · Filed Feb 13, 2025
BTLN$3.67+4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| For the Six Months Ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net loss | $(988,320) | $(857,810) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Amortization and depreciation | 272,615 | 720,458 | |
| Common stock and stock option based compensation for employees and board of directors | 407,231 | 1,135,048 | |
| Net gain on divestiture of subsidiaries | (1,397,066) | (1,000,000) | |
| Reserve on note received in connection with divestiture of subsidiaries | 1,500,000 | 1,000,000 | |
| Gain on office lease termination | (34,660) | - | |
| Accrued non cash performance bonus fair value adjustment | - | (551,234) | |
| Acquisition contingent consideration fair value adjustment | 61,480 | (4,025,544) | |
| Impairment of intangible assets | - | 901,204 | |
| Issuance of common stock to vendors | - | 73,282 | |
| Adjustment to operating lease right-of-use assets and liabilities | (41,787) | (89,376) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (668,847) | 208,052 | |
| Deferred costs/contract assets | (52,003) | 81,560 | |
| Loans receivable | (40,900) | - | |
| Prepaid expenses and other current assets | 99,757 | (99,231) | |
| Other assets | 5,349 | (1,507) | |
| Accounts payable | 114,108 | (180,077) | |
| Accrued liabilities | 295,521 | (343,474) | |
| Deferred revenue/contract liabilities | 214,369 | (329,531) | |
| Net cash used in operating activities | (253,153) | (3,358,180) | |
| Cash flow from investing activities: | |||
| Purchase of leasehold improvements and equipment | (26,406) | (8,751) | |
| Net cash used in investing activities | (26,406) | (8,751) | |
| Cash flows provided by financing activities: | |||
| Proceeds from securities purchase agreement, net | 6,785,552 | 2,968,501 | |
| Proceeds from exercise of warrants | 175,000 | - | |
| Issuance of note receivable | (84,000) | - | |
| Cash provided by financing activities | 6,876,552 | 2,968,501 | |
| Net change in cash and cash equivalents | 6,596,993 | (398,430) | |
| Cash and cash equivalents, beginning of year | 1,848,295 | 5,619,083 | |
| Cash and cash equivalents, end of period | $8,445,288 | $5,220,653 | |
| Non-cash Investing and Financing activities: | |||
| Issuance of common stock for satisfaction of contingent liability | $ | - | $127,145 |
| Issuance of common stock for non cash performance bonus | $ | - | $127,145 |
| Lease liabilities arising from right-of-use assets | $20,344 | $113,182 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.