SKYX Platforms Corp.
For the period ended Sep 30, 2025. Filed Nov 12, 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.
Sep 30, 2025 · Filed Nov 12, 2025
SKYX$0.70-5.0%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
Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
| For the nine-months ended September 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operations: | |||
| Net loss | $(25,494,983) | $(25,760,456) | |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 3,585,817 | 3,125,903 | |
| Amortization of debt discount | 835,497 | 933,476 | |
| Impairment of intangible assets | - | 1,118,750 | |
| Non-cash equity-based compensation expense | 10,027,416 | 9,035,220 | |
| Change in operating assets and liabilities | |||
| Inventory | 68,588 | (1,112,378) | |
| Accounts receivable | (740,112) | 459,289 | |
| Prepaid expenses and other assets | (425,355) | (318,878) | |
| Deferred charges | 223,214 | (84,463) | |
| Deferred revenues | 1,276,266 | 632,832 | |
| Operating lease liabilities | (1,727,917) | (1,636,374) | |
| Royalty obligation | (300,000) | (400,000) | |
| Accounts payable and accrued expenses | 1,375,295 | 1,805,631 | |
| Consideration payable | - | (750,000) | |
| Net cash used in operating activities | (11,296,274) | (12,951,448) | |
| Investing: | |||
| Purchase of property and equipment | (860,045) | (536,014) | |
| Net cash used in investing activities | (860,045) | (536,014) | |
| Financing: | |||
| Proceeds from issuance of common stock - offerings | 4,809,148 | 4,426,221 | |
| Placement cost | (312,598) | (88,426) | |
| Dividends paid | (697,171) | - | |
| Proceeds from line of credit | - | 120,687 | |
| Proceeds from anticipated issuance of preferred stock | - | 1,800,000 | |
| Proceeds from anticipated issuance of preferred stock-related parties | - | 500,000 | |
| Proceeds from issuance of preferred stocks | 3,850,000 | - | |
| Proceeds from issuance of convertible notes | 3,250,000 | - | |
| Principal repayments of notes payable | (4,363,816) | (2,652,504) | |
| Net cash provided by financing activities | 6,535,563 | 4,105,978 | |
| Change in cash and cash equivalents, and restricted cash | (5,620,756) | (9,381,484) | |
| Cash, cash equivalents and restricted cash at beginning of the period | 15,500,495 | 22,430,253 | |
| Cash, cash equivalents and restricted cash at end of period | $9,879,739 | $13,048,769 | |
| Cash paid during period for: | |||
| Interest | $3,147,227 | $1,161,304 | |
| Taxes | - | - | |
| Supplementary disclosure of non-cash financing activities: | |||
| Preferred stock conversion to common | $(500,000) | $ | - |
| Substitution of royalty payable to convertible note | - | 1,000,000 | |
| Substitution of consideration payable to convertible note | - | 3,117,408 | |
| Right-of-use assets and operating lease liabilities | - | 662,698 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.