TruGolf Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 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.
Jun 30, 2026 · Filed Aug 14, 2026
TRUG$0.47-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
| For the Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(1,895,102) | $(5,991,792) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization | 803,396 | 413,409 | ||
| Amortization of convertible notes discount | - | 359,037 | ||
| Amortization of right-of-use asset | 264,701 | 178,344 | ||
| Bad debt expense | - | 74,818 | ||
| Stock issued for make good provisions on debt conversion | - | 2,169,707 | ||
| Stock options issued to employees | - | 6,682 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, net | (204,304) | (861,552) | ||
| Inventory, net | (528,059) | (348,965) | ||
| Prepaid expenses | (72,704) | (173,770) | ||
| Other current assets | - | 45,737 | ||
| Accounts payable | 481,819 | 390,129 | ||
| Deferred revenue | (379,836) | 1,896,218 | ||
| Accrued interest payable | - | (96,429) | ||
| Accrued and other current liabilities | 394,680 | 773,570 | ||
| Lease liability | (264,977) | (189,689) | ||
| Net cash used in operating activities | (1,400,386) | (1,354,546) | ||
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | (176,134) | (45,966) | ||
| Capitalized software, net | (1,999,668) | (1,568,778) | ||
| Net cash used in investing activities | (2,175,802) | (1,614,744) | ||
| Cash flows from financing activities: | ||||
| Proceeds from PIPE loans, net of discount | - | 2,520,000 | ||
| Repayments of notes payable | (23,726) | (4,928) | ||
| Repayments of notes payable to related party | (150,000) | (268,500) | ||
| Repurchase of treasury stock | (345,000) | - | ||
| Net cash provided by (used in) financing activities | (518,726) | 2,246,572 | ||
| Net change in cash, cash equivalents and restricted cash | (4,094,914) | (722,718) | ||
| Cash, cash equivalents and restricted cash - beginning of period | 12,569,263 | 10,882,077 | ||
| Cash, cash equivalents and restricted cash - end of period | $8,474,349 | $10,159,359 | ||
| Supplemental cash flow information: | ||||
| Cash paid for: | ||||
| Interest | $57,468 | $108,993 | ||
| Income taxes | $ | - | $ | - |
| Non-cash investing and financing activities: | ||||
| Series A Convertible Preferred Stock dividends converted to Class A Common Stock | $5,354,718 | $ | - | |
| PIPE note principal converted to Class A Common Stock | $ | - | $3,213,000 | |
| Dividend note principal converted to Class A and Class B Common Stock | $ | - | $3,905,561 | |
| Exchange of PIPE Notes and Series A and B Warrants for Series A Convertible Preferred Stock and Warrants for Series A Convertible Preferred Stock | $ | - | $5,651,310 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.