CIRCLE8 GROUP 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
CIRC$0.18-13.2%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
Condensed Consolidated Statements of Cash Flows
| Six Months EndedJune 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Net loss | $(117,057,842) | $(21,462,354) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Bad debt expense | 1,963,045 | — |
| Non-customer valuation allowance | 2,903,284 | — |
| Amortization, deferred financing cost | 428,282 | 91,108 |
| Loss on debt extinguishment | 4,826 | — |
| Loss on settlement | 60,414,821 | — |
| Change in estimated fair value of contingent consideration | 251,426 | — |
| Change in fair value of warrants | 2,428,727 | — |
| Change in fair value of bifurcated derivatives | 977,298 | — |
| Loss on financing transaction | 11,613,736 | — |
| Gain on warrant exercise | (639,808) | — |
| Payment of fee by issuance of Preferred Stock | 239,192 | — |
| Shares issued for services | 75,000 | 326,400 |
| Depreciation and amortization expense | 8,765,901 | 2,469,138 |
| Right-of-use asset amortization | 1,062,361 | 867,432 |
| Share-based compensation | 4,603,918 | 12,309,724 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,321,266) | 17,356,622 |
| Contract assets | 2,649,096 | — |
| Unbilled accounts receivable | (1,239,088) | (44,838) |
| Prepaid expenses and other current assets | (7,873,101) | (715,739) |
| Due from related parties | 6,781,398 | (6,067,963) |
| Other assets | (1,426,772) | 101,536 |
| Accounts payable | 13,592,241 | 1,129,291 |
| Due to related parties | 714,984 | (2,091,035) |
| Income taxes payable | (3,071,521) | — |
| Accrued expenses and other current liabilities | 12,715,733 | 1,630,927 |
| Operating lease liability | (394,418) | (863,020) |
| Other liabilities | (1,894,143) | — |
| Net cash provided by (used in) operating activities | (13,732,690) | 5,037,229 |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (80,529) | (30,073) |
| Net cash (used in) investing activities | (80,529) | (30,073) |
| Cash flows from financing activities | ||
| Acquisition, net - cash acquired | 32,651,398 | — |
| Borrowings on revolving line of credit | 223,453,014 | 248,342,112 |
| Payments on revolving line of credit | (231,594,306) | (253,464,848) |
| Payments on notes payable | (1,520,022) | — |
| Borrowings on factoring debt | 1,000,000 | — |
| Payments on factoring debt | (1,648,504) | — |
| Borrowings on other short-term debt | 3,050,000 | — |
| Payments on other short-term debt | (570,157) | — |
| Proceeds from issuance of preferred stock and warrants, net of issuance costs | 5,543,739 | — |
| Proceeds received upon exercise of warrants | 3,200,000 | — |
| Debt issuance costs payment | (40,500) | (188,351) |
| Finance lease repayments | (294,315) | — |
| Net cash (used in) provided by financing activities | 33,230,347 | (5,311,087) |
| Effect of exchange rates on cash and cash equivalents | (173,167) | — |
| Net increase in cash and cash equivalents | 19,243,961 | (303,931) |
| Cash and Cash Equivalents – Beginning of period | 81,134 | 678,676 |
| Cash and Cash Equivalents – End of period | $19,325,095 | $374,745 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash paid during the period for: | ||
| Interest | $4,244,003 | $2,306,780 |
| Non-cash investing and financing activities: | ||
| Settlement shares issued to legacy stockholders | $— | $2,378,471 |
| Share settled earnout value | $5,600,000 | $— |
| Fair value of common shares issued as partial consideration for a business | $48,312,030 | $— |
| Contingent consideration arrangement issued as partial consideration for a business | $2,098,574 | $— |
| Fair value of convertible note issued as partial consideration for a business | $205,706,131 | $— |
| Fair value of common shares issued to designee of the Circle8 Seller as partial consideration for a business | $15,440,000 | $— |
| Refinancing of factoring agreements | $2,221,965 | $— |
| Fair value of Common Stock issued to satisfy redemption of Series B Preferred Stock | $9,981,037 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.