SKYX Platforms Corp.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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.
Mar 31, 2026 · Filed May 11, 2026
SKYX$0.70-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (Unaudited) | (Unaudited) | |
|---|---|---|
| For the three months ended March 31, | ||
| 2026 | 2025 | |
| Operations: | ||
| Net loss | (9,275,577) | $(9,052,128) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 1,240,273 | 1,007,817 |
| Amortization of debt discount | 278,499 | 278,499 |
| Non-cash equity-based compensation expense | 3,097,885 | 3,041,157 |
| Equity-based payment of interest | 363,039 | - |
| Change in operating assets and liabilities | ||
| Inventory | 951,887 | 105,050 |
| Accounts receivable | (42,264) | (396,008) |
| Prepaid expenses and other assets | (75,838) | (782,169) |
| Deferred revenues | (521,468) | 398,599 |
| Operating lease liabilities | (629,292) | (564,922) |
| Royalty obligation | (125,000) | - |
| Accounts payable and accrued expenses | (1,276,176) | 1,639,430 |
| Net cash used in operating activities | (6,014,032) | (4,324,675) |
| Investing: | ||
| Purchase of property and equipment | (93,979) | (413,365) |
| Net cash used in investing activities | (93,979) | (413,365) |
| Financing: | ||
| Proceeds from issuance of common stock - offerings | 27,423,760 | 459,634 |
| Placement cost | (31,756) | (9,206) |
| Dividends paid | (249,111) | (212,668) |
| Proceeds from issuance of preferred stocks | - | 1,425,000 |
| Proceeds from exercise of warrants and options | 1,911,101 | - |
| Principal repayments of notes payable | (734,864) | (121,908) |
| Net cash provided by financing activities | 28,319,130 | 1,540,852 |
| Change in cash and cash equivalents, and restricted cash | 22,211,119 | (3,197,188) |
| Cash, cash equivalents and restricted cash at beginning of the period | 10,102,621 | 15,500,495 |
| Cash, cash equivalents and restricted cash at end of period | 32,313,740 | $12,303,307 |
| Supplementary disclosure of non-cash financing activities: | ||
| Fair value of shares to satisfy obligations under convertible notes | 363,039 | - |
| Accrued dividends payable | 8,044 | - |
| Cash paid during the period for: | ||
| Interest | 1,113,417 | $1,378,223 |
| Taxes | - | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.