SafeSpace Global Corp
For the period ended Jul 31, 2025. Filed Oct 29, 2025.
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FY2025 · Filed Oct 29, 2025
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Item 8. Consolidated Statements of Cash Flows
| For the Years Ended July 31, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(4,638,571) | $(702,486) | ||
| Adjustments to reconcile loss to net cash used in operating activities: | ||||
| Amortization | 421,955 | 221,919 | ||
| Stock-based compensation | 1,575,211 | 186,643 | ||
| Impairment of intangibles | 46,225 | 140,770 | ||
| Extinguishment of liabilities | (113,645) | (279,903) | ||
| Gain on settlements | - | (56,250) | ||
| Shares issued for services | 112,500 | - | ||
| Amortization of debt discount | - | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | 14,000 | (14,000) | ||
| Prepaid expenses and other current assets | (61,021) | 1,070 | ||
| Accounts payable and accrued expenses | 193,569 | 19,455 | ||
| Accounts payable and accrued expenses, related party | (226,532) | (34,957) | ||
| Payroll related liabilities | - | 250,010 | ||
| NET CASH USED BY OPERATING ACTIVITIES | (2,676,309) | (267,729) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Cash paid for development of intangible assets | (175,747) | - | ||
| NET CASH USED BY INVESTING ACTIVITIES | (175,747) | - | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from sale of common stock | 10,764,700 | 550,000 | ||
| (Payments) proceeds from related party loans | (17,570) | 114,989 | ||
| Payments of amounts owed to related parties | (474,246) | (222,109) | ||
| Principal payments on short-term debt | (50,000) | |||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 10,222,884 | 442,880 | ||
| Net change in cash and cash equivalents | 7,370,828 | 175,151 | ||
| Cash and cash equivalents, beginning of period | 175,562 | 411 | ||
| Cash and cash equivalents, end of period | $7,546,390 | $175,562 | ||
| SUPPLEMENTAL CASH FLOW INFORMATION | ||||
| Cash paid for interest | $ | - | $ | - |
| SIGNIFICANT NON-CASH INVESTING AND FINACING ACTIVITIES | ||||
| Capital expenditures included in accrued expenses | $76,848 | $ | - | |
| Shares issued for payment of payroll related liabilities | $ | - | $338,516 | |
| Issuance of common stock for payment of accrued expenses | $28,124 | $ | - | |
| Shares issued for extinguishment of convertible debt | $175,000 | $ | - | |
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