DNA X, Inc.
For the period ended Jun 30, 2026. Filed Aug 19, 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 19, 2026
SONM$2.35+5.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
| Six Months Ended | ||
|---|---|---|
| June 30, | ||
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $5,093 | $(7,017) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Gain on sale of assets, net of cash | (15,311) | — |
| Depreciation and amortization | 134 | 1,852 |
| Stock-based compensation ($309 from continuing and $93 from discontinued operations for 2026 and all from discontinued operations for 2025-see Note 8) | 402 | 1,216 |
| Loss on remeasurement of derivative liability | 238 | — |
| Gain on extinguishment of debt | (191) | — |
| Release of customer allowance liability | — | (5,490) |
| Impairment of contract fulfillment assets | — | 1,084 |
| Investment income from DNA X LLC under the equity method | (48) | — |
| Other | — | 36 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 250 | 1,330 |
| Non-trade receivable | 94 | 152 |
| Deferred tax liability | 600 | — |
| Deferred tax asset | 1,364 | — |
| Inventory | 5,490 | 986 |
| Prepaid expenses and other current assets | 1,512 | (589) |
| Contract fulfillment assets | 129 | (4,383) |
| Other assets | (74) | (18) |
| Accounts payable | (2,672) | (2,265) |
| Accrued liabilities | (2,009) | (1,433) |
| Income tax payable | (468) | 51 |
| Net cash used in operating activities | (5,467) | (14,488) |
| Cash flows from investing activities: | ||
| Net cash received from asset sale | 3,358 | — |
| Additions to identifiable intangibles - software assets | (94) | — |
| Net cash provided by investing activities | 3,264 | — |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock, net of issuance costs | — | 8,952 |
| Proceeds from promissory note, net of issuance costs | 1,800 | 2,790 |
| Repayments of short-term borrowings | — | (591) |
| Net cash provided by financing activities | 1,800 | 11,151 |
| Net decrease in cash and cash equivalents | (403) | (3,337) |
| Cash and cash equivalents at beginning of period | 1,303 | 5,343 |
| Cash and cash equivalents at end of period | $900 | $2,006 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $257 | $241 |
| Cash paid for income taxes | $— | $28 |
| Supplemental disclosure of non-cash activities: | ||
| Repayment of notes payable from proceeds of asset sale | $5,476 | $— |
| Receivable for cash held back from asset sale | $1,248 | $— |
| Reclass of investment to intangibles, related party receivables, and accrued liabilities | $1,290 | $— |
| Accrued bonus settled in equity | $— | $1,215 |
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements*.*
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