QUANTUM X LABS INC.
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 21, 2025
QXL$3.31-2.1%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
Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from Operating Activities | ||
| Net loss | 14,106 | 8,687 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortizations | 3,012 | 2,952 |
| Share-based compensation | 68 | 135 |
| Deferred taxes | (392) | (143) |
| Accrued interest, net | 31 | - |
| Interest income | (160) | (87) |
| Amortization of loan discounts | 59 | 9 |
| Change in the fair value of financial assets at fair value through profit or loss | (11) | - |
| Goodwill Impairment (see note 6.B) | 7,675 | 5,107 |
| Amortization of deferred debt issuance costs (see note 10.E) | 152 | |
| Equity based debt issuance costs (see note 10.E) | 26 | - |
| Loss from substantial debt terms modification (see note 10.D) | 1,914 | - |
| Loss on sale and disposal of property and equipment | 73 | - |
| Loss from termination of lease agreement | 8 | - |
| Changes in assets and liabilities items: | ||
| Decrease in accounts receivable | 9,527 | 9,586 |
| Decrease in other current assets | 132 | 202 |
| Decrease in operating lease right-of-use assets | - | 89 |
| Decrease in severance pay, net | - | (100) |
| Decrease in accounts payable | (6,381) | (7,423) |
| Decrease in other payables | (84) | (620) |
| Decrease in operating lease liabilities | - | (86) |
| Net cash provided by operating activities | 1,543 | 934 |
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from Investing Activities | ||
| Purchase of property and equipment | (1) | (16) |
| Net cash used in investing activities | (1) | (16) |
| Cash flows from Financing Activities | ||
| Cash paid to non-controlling interests (see note 1.C) | - | (2,625) |
| Receipt of short-term bank loans | 935 | 1,200 |
| Receipt of short-term convertible loans | 630 | - |
| Repayment of short-term bank loans | (3,967) | (1,200) |
| Repayment of short-term loan | - | (69) |
| Receipt of long-term bank loan (see note 10.B) | - | 1,500 |
| Receipt of long-term loan (see note 10.D) | - | 480 |
| Repayment of long-term bank loans | (510) | (1,811) |
| Payment of dividend to shareholders (see note 14.G) | - | (130) |
| Payment of dividend to non-controlling interests (see note 14.G) | - | (598) |
| Increase in loan to parent company | (69) | (123) |
| Issuance of shares and warrants in connection with private placement (see note 14.B) | 198 | - |
| Net cash used in financing activities | (2,783) | (3,376) |
| Decrease in cash and cash equivalents and restricted cash | (1,241) | (2,458) |
| Cash and cash equivalents and restricted cash at beginning of period | 1,923 | 4,381 |
| Cash and cash equivalents and restricted cash at end of period | 682 | 1,923 |
| Supplemental Disclosure of Cash Flow Activities: | ||
| Cash paid during the period | ||
| Taxes paid | (123) | (663) |
| Interest paid | (676) | (922) |
| Total Cash paid during the period | (799) | (1,585) |
| Substantial non-cash activities: | ||
| Deemed extinguishment and re-issuance of debt (see note 10.D) | 500 | - |
| Termination of operating lease agreement (see note 5) | 389 | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.