SKYX Platforms Corp.
For the period ended Jun 30, 2025. Filed Aug 12, 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.
Jun 30, 2025 · Filed Aug 12, 2025
SKYX$0.70-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
| For the six months ended June 30, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Operations: | |||
| Net loss | $(17,879,057) | $(17,139,150) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 2,280,154 | 2,399,350 | |
| Amortization of debt discount | 556,998 | 604,976 | |
| Non-cash equity-based compensation expense | 6,653,522 | 6,070,935 | |
| Change in operating assets and liabilities: | |||
| Inventory | 680,904 | (794,841) | |
| Accounts receivable | 84,663 | 364,662 | |
| Prepaid expenses and other assets | (615,235) | (679,154) | |
| Deferred revenues | 906,280 | 596,604 | |
| Operating lease liabilities | (1,141,327) | (1,021,684) | |
| Royalty obligation | (200,000) | (400,000) | |
| Consideration payable | - | (750,000) | |
| Accounts payable and accrued expenses | 2,363,320 | 351,283 | |
| Net cash used in operating activities | (6,309,778) | (10,397,019) | |
| Investing: | |||
| Purchase of property and equipment | (775,365) | (279,277) | |
| Net cash (used in) provided by investing activities | (775,365) | (279,277) | |
| Financing: | |||
| Proceeds from issuance of common stock- offerings | 4,809,138 | 4,418,721 | |
| Placement costs | (312,588) | (88,426) | |
| Dividends | (484,504) | - | |
| Proceeds from issuance of preferred stocks | 3,850,000 | - | |
| Proceeds from issuance of convertible notes | - | - | |
| Principal repayments of notes payable | (569,790) | (482,585) | |
| Net cash provided by financing activities | 7,292,256 | 3,847,710 | |
| Change in cash, cash equivalents and restricted cash | 207,113 | (6,828,586) | |
| Cash, cash equivalents, and restricted cash at beginning of period | 15,500,495 | 22,430,253 | |
| Cash, cash equivalents and restricted cash at end of period | $15,707,608 | $15,601,677 | |
| Cash paid during the period for: | |||
| Interest | $2,183,628 | $1,589,667 | |
| Taxes | - | - | |
| Supplementary disclosure of non-cash financing activities: | |||
| Preferred stock conversion to common stock | $500,000 | $ | - |
| Substitution of royalty payable to convertible note | - | 1,000,000 | |
| Substitution of consideration payable to convertible note | - | 3,117,408 | |
| Right-of-use assets and operating lease liabilities | - | 662,968 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.