NEXTNRG, INC.
For the period ended Mar 31, 2026. Filed May 15, 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 15, 2026
NXXT$0.19-92.9%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
Unaudited Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows used in operating activities | ||||
| Net loss including non-controlling interest | $(10,766,492) | $(8,937,999) | ||
| Adjustments to reconcile net loss to net cash used in operations | ||||
| Contributed capital | - | 571,215 | ||
| Depreciation and amortization | 1,071,073 | 588,172 | ||
| Amortization of intangible assets | - | 111,665 | ||
| Amortization of operating lease - right-of-use asset | 55,683 | 97,377 | ||
| Amortization of operating lease - right-of-use asset - related party | 28,038 | 25,964 | ||
| Amortization of debt discount | 198,918 | 2,320,970 | ||
| Bad debt expense | 1,941 | 11,164 | ||
| Stock issued in connection with loan extension fee | - | 150,000 | ||
| Stock issued for services | 7,859,677 | 1,468,391 | ||
| Stock issued for services - related parties | - | 17,333 | ||
| Loan forgiveness - other income | - | (40,000) | ||
| Changes in operating assets and liabilities | ||||
| Accounts receivable | (862,880) | (2,300,443) | ||
| Inventory | (229,245) | (94,713) | ||
| Prepaids and other | (1,440,478) | (675,717) | ||
| Deposits | - | (213,000) | ||
| Accounts payable and accrued expenses | 1,543,376 | 570,495 | ||
| Accounts payable and accrued expenses - related party | 473,934 | 691,216 | ||
| Operating lease liability | (54,408) | (108,902) | ||
| Operating lease liability - related party | (28,028) | (25,028) | ||
| Net cash used in operating activities | (2,148,891) | (5,771,840) | ||
| Cash flow from investing activities | ||||
| Net cash used in investing activities | - | - | ||
| Cash flow from financing activities | ||||
| Proceeds from notes payable | 1,994,965 | 6,721,535 | ||
| Proceeds from notes payable - related parties | - | 361,594 | ||
| Proceeds from common stock issued for cash | 1,518,075 | 15,226,134 | ||
| Cash paid for direct offering costs - common stock | (6,988) | (1,557,005) | ||
| Repayments on notes payable | (1,140,100) | (14,275,603) | ||
| Repayments on financing lease liability | (223,153) | - | ||
| Repayments on advances payable - related party | (170,000) | (200,000) | ||
| Net cash provided by financing activities | 1,972,799 | 6,276,655 | ||
| Net increase (decrease) in cash | (176,092) | 504,815 | ||
| Cash - beginning of period | 384,140 | 1,612,117 | ||
| Cash - end of period | $208,048 | $2,116,932 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $139,989 | $373,457 | ||
| Cash paid for income tax | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Stock issued for conversion of notes payable | $1,375,000 | $ | - | |
| Reclassification of prior period deposit to purchase of vehicles (Yoshi) | $ | - | $2,035,283 | |
| Right-of-use asset obtained in exchange for new operating lease liability - related party | $ | - | $694,650 | |
| Debt discount (OID) in connection with the issuance of notes payable | $777,035 | $2,413,365 | ||
| Series A and B convertible - preferred stock dividends - payable in common stock | $60,000 | $173,438 | ||
| Issuance of common stock for Series A convertible preferred stock dividend shares payable | $87,500 | $168,923 | ||
| Issuance of common stock for Series B convertible preferred stock dividend shares payable – related party | $60,000 | $89,348 | ||
| Series B – convertible preferred stock distribution - prior investment - related party | $ | - | $14 | |
| Conversion of Series A preferred stock to common stock | $28 | $ | - | |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.