Nexentis Technologies Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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 14, 2026
NXTS$2.56+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Interim Statements of Cash Flows (unaudited)
UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
(U.S, dollars in thousands except share and per share data)
| Three months ended | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | (6,589) | (1,257) |
| Adjustments required to reconcile net loss for the year to net cash used in operating activities: | ||
| Depreciation and amortization | 82 | 3 |
| Issuance of shares to employees and service providers | 894 | - |
| Share based compensation to employees and directors | 90 | -* |
| Gain from standby equity purchase agreement II | (386) | - |
| Expenses from standby equity purchase agreement II | - | 24 |
| Interest in respect of loans | 324 | 6 |
| Gain from deconsolidation of subsidiary | (880) | - |
| Goodwill impairment | 6,291 | |
| Change in fair value of warrant liability | (50) | 103 |
| Change in fair value of credit facility liability | (134) | (94) |
| Change in fair value of PIPE’s warrant liability | (72) | 624 |
| Change in fair value of investment in nonconsolidated affiliate | - | (179) |
| Change in fair value of convertible loan | (40) | 4 |
| Change in fair value of solar project | 18 | (82) |
| Change in fair value of marketable securities | (472) | 77 |
| Change in fair value of contingent considerations | (343) | - |
| Increase in accounts receivable, net | - | (52) |
| Decrease in inventory | (3) | 6 |
| Decrease (increase) in prepaid expenses and other current assets | (46) | 23 |
| Decrease in accounts payable | (12) | (8) |
| Decrease in other liabilities | (91) | (7) |
| Decrease in operating lease expense | 4 | 2 |
| Change in operating lease liability | (4) | (2) |
| Net cash used in operating activities | (1,419) | (809) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Investment in solar projects under development | (116) | (564) |
| Purchase of property | (71) | - |
| Decrease in cash as a result of loss of control | (210) | - |
| Short term loan granted | - | (250) |
| Solar photovoltaic joint venture project | (53) | (362) |
| Net cash used in investing activities | (450) | (1,176) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from credit facility | - | 1,105 |
| Repayment of credit facility | - | (248) |
| Proceeds from PIPE Agreement | - | 1,500 |
| Proceeds from exercise of warrants from PIPE Agreement | - | 175 |
| Repayments of promissory note | (700) | - |
| Proceeds from standby equity purchase agreement, net | 2,896 | - |
| Net cash provided by financing activities | 2,196 | 2,532 |
| Effect of exchange rate changes on cash and cash equivalents | (4) | (9) |
| INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 323 | 538 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | 4,013 | 2,209 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR | 4,336 | 2,747 |
| Cash paid during the year for: | ||
| Interest | - | 77 |
| Non cash transactions: | ||
| Initial recognition of operating lease liability and a corresponding right-of- use asset | - | 24 |
| Reclassification of warrant liabilities to equity upon exercise of warrants | - | 212 |
| Issuance of shares for future services | 43 | - |
| Investment in marketable securities in exchange for shares of a subsidiary | 1,192 | - |
| (*) | Less than $1 thousand. |
|---|
The accompanying notes are an integral part of the condensed consolidated interim financial statements
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