Freight Technologies, Inc.
For the period ended Mar 31, 2025. Filed May 16, 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 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.
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Unaudited Statements of Stockholders’ Equity (Deficit)
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
| Preferred Stock · Series · Ordinary Shares (*) · Additional · Accumulated · Total Stockholders’ | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Shares · Amount · Series B Shares · Amount · Seed Shares · Amount · Ordinary Shares · Amount · Paid-In Capital · Accumulated Deficit · Other Income (loss) · Equity (Deficit) | ||||||||||||||
| Balance, December 31, 2023 | 162,732,288 | $16,274 | 1,262,074 | $126 | 7,020 | - | 87,677 | - | $41,434,244 | $(39,315,551) | $491,888 | $2,626,981 | ||
| Issuance of ordinary shares from conversion of preferred stock, net of costs | (8,166,532) | (817) | - | - | - | - | 4,900 | - | (19,433) | - | - | (20,250) | ||
| Issuance of ordinary shares for exercise of warrants | - | - | - | - | - | - | 57,195 | - | - | - | - | - | ||
| Share-based compensation | - | - | - | - | - | - | 1 | - | 263,188 | - | - | 263,188 | ||
| Foreign currency translation adjustment | - | - | - | - | - | - | - | - | - | - | 161,140 | 161,140 | ||
| Net loss | - | - | - | - | - | - | - | - | - | (2,256,450) | - | (2,256,450) | ||
| Balance, March 31, 2024 | 154,565,756 | $15,457 | 1,262,074 | $126 | 7,020 | $ | - | 149,773 | $ | - | $41,677,999 | $(41,572,001) | $653,028 | $774,609 |
| Balance, December 31, 2024 | 1,815,438 | $182 | 1,262,074 | $126 | 7,020 | $ | - | 2,185,074 | $ | - | $45,510,375 | $(44,916,779) | $(1,248,664) | $(654,760) |
| Issuance of ordinary shares from conversion of preferred stock | - | - | - | - | - | - | - | - | (30,000) | - | - | (30,000) | ||
| Issuance of ordinary shares for exercise of warrants | - | - | - | - | - | - | 80,000 | - | - | - | - | - | ||
| Issuance of preferred stock for cash | 1,540,832 | 154 | - | - | - | - | - | - | 2,999,846 | - | - | 3,000,000 | ||
| Issuance of preferred stock for cryptocurrency | 2,311,148 | 231 | - | - | - | - | - | - | 5,199,769 | - | - | 5,200,000 | ||
| Share-based compensation | - | - | - | - | - | - | - | - | 225,084 | - | - | 225,084 | ||
| Foreign currency translation adjustment | - | - | - | - | - | - | - | - | - | - | 20,820 | 20,820 | ||
| Net loss | - | - | - | - | - | - | - | - | - | (1,602,046) | - | (1,602,046) | ||
| Balance, March 31, 2025 | 5,667,418 | $567 | 1,262,074 | $126 | 7,020 | $ | - | 2,265,074 | $ | - | $53,905,074 | $(46,518,825) | $(1,227,844) | $6,159,098 |
| (*) | Reflects reverse split of 10:1 as approved by the Board of Directors of Freight Technologies, Inc. on January 26, 2024, effective as of February 5, 2024 and the reverse split of 1:25 as approved by the Board of Directors of Freight Technologies, Inc. on September 12, 2024, effective as of September 25, 2024. |
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