QUANTUM X LABS INC.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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.
Mar 31, 2025 · Filed May 14, 2025
QXL$3.31-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Condensed Consolidated Statements of Cash Flows (unaudited)
| For the three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from Operating Activities | ||
| Net loss | (3,844) | (1,175) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortizations | 719 | 734 |
| Share-based compensation | 3 | 18 |
| Deferred taxes | (76) | (81) |
| Accrued interest, net | (20) | 14 |
| Interest income | (38) | (39) |
| Amortization of loan discounts | 22 | 2 |
| Change in the fair value of financial assets at fair value through profit or loss (see note 8) | 2,723 | - |
| Amortization of deferred debt issuance costs (see note 7.F, 7.G) | 68 | - |
| Changes in assets and liabilities items: | ||
| Decrease in accounts receivable | 795 | 4,355 |
| Decrease (increase) in other current assets | (21) | 148 |
| Decrease in operating lease right-of-use assets | - | 23 |
| Decrease in accounts payable | (966) | (3,952) |
| Increase in other payables | 226 | 85 |
| Decrease in operating lease liabilities | - | (25) |
| Net cash provided by (used in) operating activities | (409) | 107 |
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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Cont.)
| For the three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from Investing Activities | ||
| Net cash from acquisition of a subsidiary (see note 6) | 12 | - |
| Net cash provided by investing activities | 12 | - |
| Cash flows from Financing Activities | ||
| Receipt of short-term bank loans | 2,029 | 100 |
| Repayment of short-term bank loans | (1,422) | (743) |
| Repayment of long-term bank loans | (658) | - |
| Change in loan to parent company | 6 | (17) |
| Net cash used in financing activities | (45) | (660) |
| Decrease in cash and cash equivalents and restricted cash | (442) | (553) |
| Cash and cash equivalents and restricted cash at beginning of period | 682 | 1,923 |
| Cash and cash equivalents and restricted cash at end of period | 240 | 1,370 |
| Supplemental Disclosure of Cash Flow Activities: | ||
| Cash paid during the period | ||
| Taxes paid | 1 | 54 |
| Interest paid | 141 | 205 |
| Total Cash paid during the period | 142 | 259 |
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