Brand Engagement Network 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
BNAI$4.84+7.8%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
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS
| For the year ended December 31, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(8,625,435) | $(33,715,429) | ||
| Adjustments to reconcile net income to net cash | ||||
| Depreciation expense | 3,865,381 | 2,728,411 | ||
| Allowance for uncollected receivables | 30,000 | 30,000 | ||
| Write off of deferred financing fees | - | 1,427,729 | ||
| Impairment of deferred customer acquisition costs | - | 13,475,000 | ||
| Change in fair value of warrant liabilities | (197,292) | (994,687) | ||
| Gain on debt extinguishment | (4,191,074) | (1,946,310) | ||
| Amortization of right-to-use asset | 177,679 | - | ||
| Amortization of debt discount | 48,408 | - | ||
| SEPA financing costs | - | 525,000 | ||
| Equity based compensation | 822,430 | 1,814,048 | ||
| Non-cash interest expense | - | 90,624 | ||
| Reduction in the right of use asset | - | 60,005 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (249,232) | (50,888) | ||
| Prepaid and other current assets | (168,379) | (824,281) | ||
| Accounts payable | 2,980,386 | 6,012,259 | ||
| Accrued expenses | 620,283 | (2,610,971) | ||
| Lease liability | (199,511) | (57,924) | ||
| Deferred revenue | - | (2,290) | ||
| CASH USED IN OPERATING ACTIVITIES | (5,086,356) | (14,039,704) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of property and equipment | (23,512) | (53,023) | ||
| Purchase of intangible asset | - | (228,367) | ||
| CASH USED IN INVESTING ACTIVITIES | (23,512) | (281,390) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Cash and cash equivalents acquired in connection with the reverse recapitalization | - | 858,292 | ||
| Payment of financing costs | - | (883,292) | ||
| Proceeds received from option and warrant exercises | 1,549,546 | 100,024 | ||
| Proceeds from short term loans | 1,843,713 | - | ||
| Repayment of note payable | (452,618) | (80,000) | ||
| Proceeds from the sale of common stock | 1,366,298 | 11,300,330 | ||
| Proceeds from Standby Equity Purchase Agreement liability | 825,781 | 1,490,000 | ||
| CASH USED IN FINANCING ACTIVITIES | 5,132,720 | 12,785,354 | ||
| Change in cash and cash equivalents | 22,852 | (1,535,740) | ||
| Cash, beginning of year | 149,273 | 1,685,013 | ||
| Cash, end of year | $172,125 | $149,273 | ||
| SUPPLEMENTAL CASH FLOW DISCLOSURES | ||||
| Cash paid for interest | - | - | ||
| SUPPLEMENTAL DISCLOSURES | ||||
| Non-cash capitalization of R&D expenses for stock compensation | $762,716 | $ | - | |
| Issuance of common stock pursuant to Reseller Agreement | $ | - | $13,475,000 | |
| Stock-based compensation capitalized as part of capitalized software costs | $5,325 | $236,346 | ||
| Settlement of liabilities into common shares | $2,399,451 | $583,690 | ||
| Settlement of accounts payable into convertible note | $351,035 | $1,900,000 | ||
| Right of use asset obtained in exchange of operating new lease | $ | - | $567,187 | |
| Conversion of convertible notes into common shares | $1,564,804 | $760,000 | ||
| Financing costs in accounts payable and accrued expenses | $ | - | $200,000 | |
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