NEXTNRG, INC.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
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 14, 2025
NXXT$0.19-92.9%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
Unaudited Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operating activities | |||
| Net loss | $(60,046,267) | $(18,840,928) | |
| Adjustments to reconcile net loss to net cash used in operations | |||
| Contributed capital | 571,215 | 168,700 | |
| Depreciation and amortization | 1,904,750 | 1,173,269 | |
| Impairment of fixed assets | - | 13,422 | |
| Amortization of operating lease - right-of-use asset | (2,501,850) | 175,956 | |
| Amortization of operating lease - right-of-use asset - related party | 79,221 | 55,791 | |
| Amortization of debt discount | 5,395,507 | 5,090,782 | |
| Bad debt expense | (5,654) | 41,836 | |
| Stock issued in connection with loan interest expense | 1,125,260 | 907,500 | |
| Stock issued for services | 32,498,326 | 187,968 | |
| Stock issued for services - related parties | 24,266 | 268,667 | |
| Default penalty interest expense | - | 4,475,565 | |
| Gain (loss) on settlement of sale of vehicles | 1,990,315 | - | |
| Changes in operating assets and liabilities | |||
| (Increase) decrease in | |||
| Accounts Receivable | (1,117,907) | (362,194) | |
| Inventory | (213,618) | 31,372 | |
| Prepaids and other | (851,871) | (165,372) | |
| Deposits | (177,824) | - | |
| Increase (decrease) in | |||
| Accounts payable and accrued expenses | 3,153,371 | 1,110,778 | |
| Accounts payable and accrued expenses - related party | 1,745,663 | 927,988 | |
| Operating lease liability | 2,398,815 | (110,897) | |
| Operating lease liability - related party | (76,412) | 162,625 | |
| Net cash used in operating activities | (14,104,694) | (4,687,170) | |
| Investing activities | |||
| Advances – related party | - | (17,150) | |
| Cash proceeds from sale of trucks | 1,497,480 | - | |
| Purchase of fixed assets - net of refunds on prior purchases | 2,035,283 | (38,554) | |
| Net cash used provided by (used in) investing activities | 3,532,763 | (55,704) | |
| Financing activities | |||
| Proceeds from issuance of Series B – convertible preferred stock – related party | - | 1,400,000 | |
| Proceeds from notes payable | 16,646,952 | 250,000 | |
| Proceeds from notes payable - related party | 2,001,594 | 3,300,000 | |
| Proceeds from common stock issued for cash | 15,226,134 | - | |
| Cash paid for direct offering costs - common stock | (1,557,005) | - | |
| Repayments on notes payable | (21,903,991) | (825,679) | |
| Repayments on loan payable - related party | (800,001) | - | |
| Net cash provided by financing activities | 9,614,683 | 4,124,321 | |
| Net decrease in cash | (958,248) | (618,553) | |
| Cash - beginning of period | 1,612,117 | 1,021,261 | |
| Cash - end of period | 653,869 | 402,708 | |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $ | - | $185,742 |
| Cash paid for income tax | - | - | |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Contributed Capital | 571,215 | 168,700 | |
| Reclassification of prior period deposit to purchase of vehicles (Yoshi) | 2,035,283 | - | |
| Right-of-use asset obtained in exchange for new operating lease liability – related party | 2,647,653 | - | |
| Right-of-use asset obtained in exchange for new operating lease liability | 863,960 | - | |
| Conversion of debt - common stock | 6,281,640 | 9,796,696 | |
| Conversion of accrued interest – related party – common stock | 2,503,365 | 474,196 | |
| Relative fair value of stock and warrants issued with notes | 1,010,983 | - | |
| Debt discount (OID) in connection with the issuance of notes payable | 4,331,646 | - | |
| Debt discount (OID) in connection with the issuance of notes payable - related party | 175,000 | 1,404,227 | |
| Stock issued for loan fees | 1,845,581 | 1,674,461 | |
| Series A and B - preferred stock dividends - payable in common stock | 173,438 | - | |
| Series B - convertible preferred stock distribution - prior investment - related party | 14 | - | |
| Issuance of common stock for Series A dividend shares payable | 395,799 | - | |
| Issuance of common stock for Series B dividend shares payable – related party | 209,348 | - | |
| Stock issue to settle accounts payable | 68,680 | - | |
| Acquisition of Stat-EI assets | $ | - | $3,700,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.