Freight Technologies, Inc.
For the period ended Mar 31, 2025. Filed May 16, 2025.
View on SEC.govAbout this filing
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 16, 2025
FRGT$0.82-18.2%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
Unaudited Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Cash flows from operating activities: | |||
| Net loss | $(1,602,046) | $(2,256,450) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 103,854 | 110,207 | |
| Share-based compensation | 225,083 | 263,188 | |
| Non-cash interest | - | 464,726 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (249,771) | (887,971) | |
| Unbilled receivables | (1,504,593) | 159,797 | |
| Prepaid expense and other assets | (315,145) | 2,534 | |
| Accounts payable | 258,232 | (187,550) | |
| Accrued expenses | (15,124) | (930,936) | |
| Income tax payable | 3,081 | ||
| Net cash used in operating activities | (3,096,429) | (3,262,455) | |
| Cash flows from investing activities: | |||
| Capitalization of software development costs | (73,499) | (86,399) | |
| Purchase of property and equipment | - | (1,881) | |
| Net cash used in investing activities | (73,499) | (88,280) | |
| Cash flows from financing activities: | |||
| Proceeds from notes payable, net of discounts | - | 750,000 | |
| Repayment of insurance financing payable | (17,418) | (31,429) | |
| Repayment of short-term borrowings | (2,979,508) | (3,960,397) | |
| Proceeds from short-term borrowings | 3,448,639 | 5,411,274 | |
| Proceeds from the issuance of Series A4 Shares | 2,970,000 | - | |
| Transaction cost relating to issuance of stock | - | (20,250) | |
| Net cash provided by financing activities | 3,421,713 | 2,149,198 | |
| Net increase (decrease) in cash and cash equivalents | 251,785 | (1,201,537) | |
| Effect of exchange rate changes on cash and cash equivalents | (39,341) | 24,414 | |
| Cash and cash equivalents at beginning of the period | 204,032 | 1,560,105 | |
| Cash, cash equivalents and restricted cash at end of the period | $416,476 | $382,982 | |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $134,864 | $173,465 | |
| Supplemental disclosure of non-cash activity | |||
| Financing of insurance premiums | $180,411 | $222,891 | |
| Issuance of 2,311,248 Series A4 preferred stock | $5,200,000 | $ | - |
| Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet | |||
| Cash and cash equivalents | $416,476 | $382,982 | |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | $416,476 | $382,982 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.