CALLAN JMB INC.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
View on SEC.govAbout this filing
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 28, 2025
CJMB$0.29-4.7%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
Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $(2,293,648) | $2,181,108 |
| Adjustment to reconcile net income (loss) to net cash provided from operating activities: | ||
| Provision (Recovery) for credit losses | (131,000) | 277,000 |
| Depreciation and amortization | 143,691 | 102,801 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 2,407,236 | 4,673,572 |
| Inventory | (43,623) | (35,294) |
| Tax refund receivable | (6,377) | |
| Other current assets | (42,909) | 115,630 |
| Right of use asset – net | 15,514 | - |
| Operating lease liability, net | - | (817) |
| Accounts payable and accrued expenses | 461,958 | (251,542) |
| Deferred revenue | 73,909 | 20,188 |
| Corporate taxes payable | (44,000) | (43,000) |
| Deferred income taxes payable | (398) | (44,000) |
| Net cash provided by operating activities | 540,353 | 6,995,646 |
| Cash flows used in investing activities | ||
| Purchase of property and equipment | (46,167) | (490,020) |
| Net cash used in investing activities | (46,167) | (490,020) |
| Cash flows used in financing activities | ||
| Related party receivable | 3,300 | (5,337) |
| Related party loans | (17,073) | 17,073 |
| Deferred offering costs | (111,025) | (25,000) |
| Partner distributions | (3,328,254) | (7,396,896) |
| Net change in note payable | (98,809) | (133,565) |
| Net cash used in financing activities | (3,551,861) | (7,543,725) |
| Decrease in cash | (3,057,675) | (1,038,099) |
| Cash beginning of year | 5,155,620 | 6,193,719 |
| Cash end of year | $2,097,945 | $5,155,620 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $5,372 | $8,131 |
| Supplemental Schedule of Non-Cash Financing and Investing Activities: | ||
| Issuance of Note Payable for payment of prepaid expense | $0 | $122,083 |
| Recognition of right of use asset and corresponding liability | $900,133 | 195,155 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.