SafeSpace Global Corp
For the period ended Jan 31, 2025. Filed Mar 14, 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.
Jan 31, 2025 · Filed Mar 14, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Consolidated Statements of Cash Flows (Unaudited)
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Six Months Ended January 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(1,950,574) | $(383,663) | |
| Adjustments to reconcile loss to net cash used in operating activities: | |||
| Amortization expense | 177,951 | 111,394 | |
| Stock-based compensation | 880,747 | 25,835 | |
| Shares issued for services | 8,400 | - | |
| Impairment of intangibles | 46,225 | - | |
| Amortization of debt discount | 4,662 | - | |
| Cash received from deferred revenue | - | 105,189 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net- | 14,000 | (56,000) | |
| Prepaid expenses and other current assets | - | 1,070 | |
| Accounts payable and accrued expenses | (27,770) | 191,058 | |
| Accounts payable and accrued expenses, related party | (39,561) | 69,966 | |
| Payroll related liabilities | 12,918 | 122,722 | |
| NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES | (873,002) | 187,571 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issuance of common stock | 6,998,900 | 100,000 | |
| Cash deposits on stock subscription agreements | 756,000 | - | |
| Restricted cash | (756,000) | - | |
| Principle payments on related party note payable | (92,195) | - | |
| Proceeds from related party loans | - | 37,797 | |
| Payments of amounts owed to related parties | (3,049) | (10,000) | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 6,903,656 | 127,797 | |
| Net change in cash and cash equivalents | 6,030,654 | 315,368 | |
| Cash and cash equivalents, beginning of period | 175,562 | 411 | |
| Cash and cash equivalents, end of period | $6,206,216 | $315,779 | |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Cash paid for interest, related party | $60,156 | $ | - |
| SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Issuance of common stock for payment of accrued expenses | $28,124 | $ | - |
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