SafeSpace Global Corp
For the period ended Apr 30, 2025. Filed Jun 13, 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.
Apr 30, 2025 · Filed Jun 13, 2025
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Interim Consolidated Statements of Cash Flows (Unaudited)
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Nine Months Ended April 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(3,261,217) | $(598,881) | |
| Adjustments to reconcile loss to net cash used in operating activities: | |||
| Amortization expense | 299,953 | 167,091 | |
| Stock-based compensation | 1,244,302 | 104,196 | |
| Shares issued for services | 91,500 | - | |
| Impairment of intangibles | 46,225 | - | |
| Gain on extinguishment of debt | (113,645) | - | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | 14,000 | (14,000) | |
| Prepaid expenses and other current assets | (38,887) | 1,070 | |
| Accounts payable and accrued expenses | 82,356 | 28,471 | |
| Accounts payable and accrued expenses, related party | (137,969) | (70,381) | |
| Payroll related liabilities | 19,377 | 184,082 | |
| NET CASH USED BY OPERATING ACTIVITIES | (1,754,005) | (198,352) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issuance of common stock | 10,172,074 | 325,000 | |
| Principle payments on note payable | (50,000) | - | |
| Principle (payments) proceeds from related party notes | (410,207) | 72,030 | |
| Payments of amounts owed to related parties | (2,080) | (199,059) | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 9,709,787 | 197,971 | |
| Net change in cash and cash equivalents | 7,955,782 | (381) | |
| Cash and cash equivalents, beginning of period | 175,562 | 411 | |
| Cash and cash equivalents, end of period | $8,131,344 | $30 | |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Cash paid for interest, related party | $65,074 | $ | - |
| SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Issuance of common stock for payment of accrued expenses | $28,124 | $ | - |
| Shares issued for extinguishment of convertible debt | $175,000 | $ | - |
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