ChronoScale Holdings Corp
For the period ended May 31, 2026. Filed Aug 19, 2026.
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FY2026 · Filed Aug 19, 2026
CHRN$10.79-7.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Fiscal Year Ended | ||
|---|---|---|
| May 31, 2026 | May 31, 2025 | |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net loss | $(50,320) | $(72,730) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 60,340 | 80,656 |
| Stock-based compensation | 1,297 | (1,463) |
| Lease expense | 21,034 | 30,922 |
| Loss on change in fair value of warrants | 2,212 | — |
| Loss (gain) on sale of assets | 598 | (414) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (8,544) | (3,788) |
| Prepaid expenses and other current assets | (1,870) | 111 |
| Other assets | (520) | 581 |
| Accounts payable | 4,565 | (9,014) |
| Accrued liabilities and other noncurrent liabilities | (453) | (1,008) |
| Lease assets and liabilities | 14,447 | (3,491) |
| Deferred revenues | (3,719) | (27,584) |
| CASH FLOW PROVIDED BY (USED IN) OPERATING ACTIVITIES | 39,067 | (7,222) |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Net cash acquired in reverse merger acquisition | 1,707 | — |
| Purchases of property and equipment and other assets | (26,876) | (1,376) |
| CASH FLOW USED IN INVESTING ACTIVITIES | (25,169) | (1,376) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Principal transfer of SAFE agreement to Applied Parent | (12,000) | — |
| Repayment of finance leases | (89,519) | (114,743) |
| Proceeds from issuance of common stock | 15,750 | — |
| Common stock issuance costs | (750) | — |
| Proceeds from issuance of SAFE agreement included in long-term debt | — | 12,000 |
| Capital contributions from Applied Parent | 75,435 | 113,739 |
| Proceeds from exercise of warrants | 4,452 | — |
| CASH FLOW (USED IN) PROVIDED BY FINANCING ACTIVITIES | (6,632) | 10,996 |
| NET INCREASE IN CASH | 7,266 | 2,398 |
| CASH, BEGINNING OF PERIOD | 2,398 | — |
| CASH, END OF PERIOD | $9,664 | $2,398 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Fair value of assets acquired resulting from reverse merger | $74,705 | $— |
| 138,217 shares issued in recapitalization adjustment resulting from reverse merger | $57,623 | $— |
| Fair value of liabilities assumed from reverse merger acquisition | $18,789 | $— |
| Deemed dividend in connection with equity financings | $113 | $— |
| Series B Preferred shares converted to common | $1,955 | $— |
| Operating right-of-use assets obtained by lease obligation | $— | $20,280 |
| Finance right-of-use assets obtained by lease obligation | $5,895 | $64,358 |
| Property and equipment in accounts payable and accrued liabilities | $— | $1,387 |
| Modification of liability classified incentive award to equity classified award | $2,398 | $— |
| Share issuance of restricted stock units | $1 | $— |
| SUPPLEMENTARY CASH FLOW DISCLOSURE: | ||
| Interest paid | $9,532 | $17,270 |
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