TON Strategy Co
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 25, 2025
TONX$3.22+9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net loss | $(10,510) | $(21,994) |
| Loss from discontinued operations, net of tax | - | 7,150 |
| Adjustments to reconcile net loss used in operating activities, net of discontinued operations: | ||
| Depreciation and amortization | 1,077 | 2,331 |
| Share-based compensation | 2,079 | 2,503 |
| Amortization of debt discount | 99 | 310 |
| Amortization of debt issuance costs | 73 | 241 |
| Non-cash finance costs | 90 | 1,239 |
| Unrealized loss on short-term investments | 44 | - |
| Gain on lease termination | - | (263) |
| Change in fair value of derivative liability | (1) | (221) |
| Effect of changes in assets and liabilities, net of discontinued operations: | ||
| Accounts receivable | (350) | - |
| Prepaid expenses and other current assets | (58) | 85 |
| ERC receivable | (930) | - |
| Operating lease right-of-use assets | 66 | 195 |
| Other assets | (67) | 13 |
| Accounts payable, accrued expenses, and accrued interest | (438) | (251) |
| Contract liabilities | 134 | - |
| Operating lease liabilities | (73) | (80) |
| Net cash used in operating activities attributable to continuing operations | (8,765) | (8,742) |
| Net cash used in operating activities attributable to discontinued operations | - | (1,855) |
| Investing Activities: | ||
| Capitalized software development costs | - | (239) |
| Purchases of investments – trading securities | (5,502) | - |
| Proceeds from sale of investments – trading securities | 545 | - |
| Purchases of property and equipment | (342) | (32) |
| Purchases of intangible assets | (86) | (35) |
| Net cash used in investing activities attributable to continuing operations | (5,385) | (306) |
| Net cash provided by (used in) investing activities attributable to discontinued operations | - | 4,750 |
| Financing Activities: | ||
| Proceeds from sale of common stock | 18,596 | 9,215 |
| Proceeds from sale of Series C Preferred Stock | - | 2,980 |
| Proceeds from notes payable | - | 1,000 |
| Payments for offering costs related to common stock offerings | (105) | - |
| Payments for offering costs related to Series C Preferred Stock | (180) | - |
| Payment of convertible note payable – related party | - | (765) |
| Payment of notes payable | (19) | (388) |
| Payment for convertible notes payable | - | (1,350) |
| Net cash provided by financing activities attributable to continuing operations | 18,292 | 10,692 |
| Net cash used in financing activities attributable to discontinued operations | - | (2,615) |
| Net change in cash and restricted cash | 4,142 | 1,924 |
| Cash and restricted cash - beginning of year | 4,353 | 2,429 |
| Cash and restricted cash - end of year | $8,495 | $4,353 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.