FOXO TECHNOLOGIES INC.
For the period ended Dec 31, 2024. Filed Apr 15, 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 Apr 15, 2025
FOXO$0.190.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
FOXO TECHNOLOGIES INC. and subsidiaries
(Dollars in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss, including noncontrolling interest | $(12,420,962) | $(26,450,536) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,235,015 | 1,278,916 |
| Loss from PIK Note Amendment and 2022 Debenture Release | - | 3,520,609 |
| Loss from extinguishments of debt | 428,295 | - |
| Impairments of intangible assets | 1,848,402 | 2,632,677 |
| Equity-based compensation (forfeitures), net | (101,734) | 381,378 |
| Amortization of consulting fees paid in common stock | 481,183 | 2,221,233 |
| Common stock issued and issuable under Shares for Services Agreements | - | 864,614 |
| Change in fair value of warrants | 32,425 | (302,541) |
| PIK Notes interest | 1,047,743 | 615,841 |
| Amortization of debt discounts and debt issuance costs | 1,376,498 | 448,174 |
| Non-cash interest expense on right-of-use lease obligations | 352,563 | - |
| Other | 100,000 | 125,279 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 553,929 | - |
| Supplies | 40,268 | 1,313,174 |
| Prepaid expenses and consulting fees | 98,562 | 3,054,631 |
| Change in right-of-use lease assets | (1,440,769) | - |
| Other current assets | 74,229 | 4,611 |
| Reinsurance recoverables | - | 18,573,430 |
| Accounts payable | 1,157,448 | 495,760 |
| Accrued and other liabilities, including related parties’ payables | 1,787,290 | 3,151,123 |
| Change in other liabilities | (480,517) | - |
| Change in right-of-use lease obligations | 989,518 | - |
| Policy reserves | - | (18,573,430) |
| Net cash used in operating activities | (2,840,614) | (6,645,057) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Cash acquired from purchases of Myrtle and RCHI | 13,329 | - |
| Net cash from investing activities | 13,329 | - |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuances of notes payable | 4,090,500 | - |
| Payments on note payable to RHI | (993,045) | - |
| Payments on notes payable | (30,881) | - |
| Payments on other loans | (257,062) | - |
| Proceeds from private placements of Class A Common Stock, net of issuance costs | - | 1,175,895 |
| Proceeds from issuance of Series C Preferred Stock, net of issuance costs | 89,925 | - |
| Finder’s fees on notes payable paid in cash | (42,000) | - |
| Deferred offering costs | - | (299,433) |
| Proceeds from related parties’ promissory notes/payables | - | 291,122 |
| Net cash provided by financing activities | 2,857,437 | 1,167,584 |
| Net change in cash and cash equivalents | 30,152 | (5,477,473) |
| Cash and cash equivalents at beginning of period | 38,116 | 5,515,589 |
| Cash and cash equivalents at end of period | $68,268 | $38,116 |
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