CALLAN JMB INC.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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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 Mar 31, 2026
CJMB$0.29-4.7%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 and 2024
| 2025 · 2024 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | $(7,966,366) | $(2,293,648) | ||
| Adjustment to reconcile net loss to net cash provided by (used in) operating activities: | ||||
| Provision (Recovery) for credit losses | 230,190 | (131,000) | ||
| Depreciation and amortization | 151,952 | 143,691 | ||
| Changes in fair value of derivative liability | 371,216 | - | ||
| Other non-cash expenses relating to ELOC Facility | 519,552 | - | ||
| Stock based compensation | 1,559,756 | - | ||
| Impairment loss on property and equipment | 542,088 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 49,478 | 2,407,236 | ||
| Inventory | (84,923) | (43,623) | ||
| Tax refund receivable | 6,377 | (6,377) | ||
| Other current assets | (58,765) | (42,909) | ||
| Operating lease liabilities | 45,180 | 15,514 | ||
| Accounts payable and accrued expenses | 188,155 | 461,958 | ||
| Deferred revenue | (94,097) | 73,909 | ||
| Corporate taxes payable | 85 | (44,000) | ||
| Deferred tax liabilities | (6,602) | (398) | ||
| Net cash provided by (used in) operating activities | $(4,546,724) | $540,353 | ||
| Cash flows used in investing activity: | ||||
| Purchase of property and equipment | (616,896) | (46,167) | ||
| Net cash used in investing activity | $(616,896) | $(46,167) | ||
| Cash flows from (used in) financing activities: | ||||
| Related party receivable | - | 3,300 | ||
| Related party loans | 18,669 | (17,073) | ||
| Deferred offering costs | 136,025 | (111,025) | ||
| Partner distributions | - | (3,328,254) | ||
| Net change note payable | - | (98,809) | ||
| Proceeds from IPO and overallotment, net | 4,543,989 | - | ||
| Proceeds from offering of ELOC shares | 497,750 | - | ||
| Net cash provided by (used in) financing activities | $5,196,433 | $(3,551,861) | ||
| Increase (decrease) in cash and cash equivalents | 32,813 | (3,057,675) | ||
| Cash and cash equivalents at beginning of period | 2,097,945 | 5,155,620 | ||
| Cash and cash equivalents at end of period | $2,130,758 | $2,097,945 | ||
| Supplemental disclosures of cash flow information: | ||||
| Cash paid for interest | $2,675 | $5,372 | ||
| Initial recognition of derivative liability | 974,309 | - | ||
| Right of use assets acquired and corresponding operating lease liability | $708,321 | $ | - | |
| Right-of-use assets and corresponding lease liabilities due to lease modifications | $628,407 | $900,133 | ||
| Reduction in allowance for credit losses | - | $163,000 | ||
| Membership exchange for common stock | $ | - | $5,410,007 | |
| Fair value of Stock Warrants issued at IPO | $144,358 | $ | - | |
| Deferred offering costs charged to additional paid-in-capital | $136,025 | $ | - | |
| Par value of shares issued for restricted stock award units vesting | $75 | $ | - | |
| Commitment shares adjustment to APIC | $78,000 | $ | - | |
| Other non-cash ELOC expenses | $441,552 | $ | - | |
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