NEXTNRG, INC.
For the period ended Dec 31, 2025. Filed Apr 16, 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 Apr 16, 2026
NXXT$0.19-92.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Indirect Method)
Year Ended December 31, 2025 and 2024
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | (88,175,997) | (21,396,634) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Depreciation and amortization | 2,385,028 | 1,545,806 |
| Impairment loss – project deposit | 3,929,161 | - |
| Impairment loss – intangible assets | 4,606,664 | - |
| Impairment of fixed assets | - | 13,422 |
| Contributed capital | 571,215 | 168,700 |
| Amortization of operating lease – right-of-use asset – related parties | 106,603 | 55,791 |
| Amortization of operating lease – right-of-use asset – non related parties | - | 236,243 |
| Amortization of debt discount | 5,697,124 | 5,352,448 |
| Loss on settlement of liabilities – notes | 3,965,801 | 907,500 |
| Bad Debt Expense | (5,654) | - |
| Default penalty, note extension fee, and imputed interest | 5,690,654 | 4,475,565 |
| Bad debt expense | - | 50,581 |
| Stock issued for services | 42,589,563 | 187,968 |
| Stock-based compensation – related party | 17,333 | 268,667 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (418,896) | (427,899) |
| Inventory | (483,461) | 7,657 |
| Prepaids and other current assets | (110,322) | 183,974 |
| Security deposits | (181,595) | - |
| Accounts payable and accrued expenses | 2,405,951 | 803,810 |
| Accounts payable and accrued expenses – related party | 2,502,104 | 1,528,173 |
| Stock payable – related party | 520,000 | - |
| Operating lease liability – non related parties | (4,831) | (246,880) |
| Operating lease liability – related party | (103,785) | 27,899 |
| NET CASH USED IN OPERATING ACTIVITIES | (14,497,300) | (6,257,209) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cash proceeds from sale of vehicles | - | - |
| Cash proceeds from refund of project deposit (Yoshi) | - | - |
| Deposit on future asset purchase (Yoshi) | - | (2,035,283) |
| Project deposit | - | (3,929,161) |
| Purchase of fixed assets | - | (5,696,384) |
| Advances – related party | - | (17,150) |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | - | (11,677,978) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issuance of Series B preferred stock – RP | - | 1,400,000 |
| Proceeds from notes payable | 18,977,110 | 14,651,722 |
| Repayments on notes payable | (23,845,988) | (825,679) |
| Proceeds from notes payable – related party (M. Farkas) | 2,001,594 | 3,300,000 |
| Repayments on notes payable – related party | (1,110,000) | 0 |
| Proceeds from common stock issued for cash | 15,226,134 | 0 |
| Cash paid for direct offering costs | (1,557,005) | 0 |
| Equify | 3,577,478 | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 13,269,323 | 18,526,043 |
| NET (DECREASE) INCREASE IN CASH | (1,227,977) | 590,856 |
| Cash – beginning of year | 1,612,117 | 1,021,261 |
| Cash – end of year | 384,140 | 1,612,117 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for interest | 909,000 | 185,742 |
| Cash paid for income taxes | - | - |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Contributed capital | - | 168,700 |
| Recognition of new operating lease – non related party | 779,935 | - |
| Reclassification of prior period deposit to vehicle purchase | 1,232,771 | - |
| Conversion of notes payable to common stock | 16,078,800 | 9,796,696 |
| Conversion of accrued interest – related party – to common stock | - | 474,196 |
| Stock issued for conversions of accounts payable | 68,680 | - |
| Debt discount / OID – non related party notes (stock for loan fees) | - | 1,674,461 |
| Debt discount / OID – related party note (Farkas 4%) | 175,000 | 1,404,227 |
| Acquisition of Stat-EI assets (intangible / deposits) | - | 3,700,000 |
| Payment of Series A preferred stock dividends in common stock | 427,814 | - |
| Payment of Series B preferred stock dividends in common stock | 240,000 | |
| Series A Preferred Dividends accrued (payable in common stock) | 427,814 | - |
| Series B Preferred Dividends accrued (payable in common stock) | 240,000 | - |
| Conversion of Series A preferred stock to common stock | 39 | - |
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