Glimpse Group, Inc.
For the period ended Jun 30, 2025. Filed Sep 29, 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.
FY2025 · Filed Sep 29, 2025
BTLN$3.67+4.3%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Year Ended June 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(2,552,651) | $(6,394,295) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization and depreciation | 508,135 | 1,361,628 | ||
| Common stock and stock option based compensation for employees and board of directors | 984,143 | 2,175,072 | ||
| Net gain on divestiture of subsidiaries | (1,392,434) | (1,000,000) | ||
| Reserve on notes 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 | - | (551,239) | ||
| Acquisition contingent consideration fair value adjustment | 102,412 | (4,272,080) | ||
| Impairment of intangible assets | - | 2,942,369 | ||
| Issuance of common stock to vendors | 4,601 | 100,372 | ||
| Adjustment to operating lease right-of-use assets and liabilities | (46,062) | (110,866) | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (117,519) | 730,738 | ||
| Deferred costs | 121,810 | (12,229) | ||
| Prepaid expenses and other current assets | 488,371 | (216,018) | ||
| Other assets | 5,349 | (948) | ||
| Accounts payable | 46,703 | (274,109) | ||
| Accrued liabilities | 109,062 | (294,637) | ||
| Deferred revenue | (1,034) | (393,605) | ||
| Net cash used in operating activities | (273,774) | (5,209,847) | ||
| Cash flow from investing activities: | ||||
| Purchase of leasehold improvements and equipment | (42,508) | (31,548) | ||
| Payment of contingent consideration for acquisition | (1,500,000) | (1,497,894) | ||
| Cash used in investing activities | (1,542,508) | (1,529,442) | ||
| Cash flows provided by financing activities: | ||||
| Proceeds from securities purchase agreement, net | 6,785,552 | 2,968,501 | ||
| Proceeds from exercise of warrants | 175,760 | - | ||
| Issuance of notes receivable | (189,000) | - | ||
| Notes receivable repayments | 28,400 | - | ||
| Net cash provided by financing activities | 6,800,712 | 2,968,501 | ||
| Net change in cash and cash equivalents | 4,984,430 | (3,770,788) | ||
| Cash and cash equivalents, beginning of year | 1,848,295 | 5,619,083 | ||
| Cash and cash equivalents, end of year | $6,832,725 | $1,848,295 | ||
| Non-cash Investing and Financing activities: | ||||
| Issuance of common stock for satisfaction of contingent liability | $ | - | $974,646 | |
| Issuance of common stock for non cash performance bonus | $ | - | $490,357 | |
| Lease liabilities arising from right-of-use assets | $20,344 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.