CISO Global, Inc.
For the period ended Jun 30, 2025. Filed Aug 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.
Jun 30, 2025 · Filed Aug 14, 2025
CISO$0.17-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(8,389,525) | $(15,046,075) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Stock-based compensation - stock options | 1,927,243 | 4,657,139 | ||
| Stock-based compensation - stock issued for services | 52,960 | - | ||
| Non-cash interest expense | 8,364,805 | 189,613 | ||
| Depreciation and amortization | 622,074 | 1,469,119 | ||
| Non-cash operating lease costs | 83,414 | 115,843 | ||
| Bad debt expense | 72,563 | 14,464 | ||
| Loss on assets held for sale | - | 3,349,799 | ||
| Change in fair value of derivative liability | (5,467,610) | - | ||
| Loss on extinguishment of convertible notes | 863,669 | - | ||
| Other | 1,751 | 117,066 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 170,219 | 2,084,860 | ||
| Inventory | - | 161,586 | ||
| Contract assets | (35,391) | 42,942 | ||
| Prepaid expenses and other assets | (243,157) | 144,392 | ||
| Accounts payable and accrued expenses | (2,777,383) | (433,905) | ||
| Lease liabilities | (75,192) | (97,850) | ||
| Deferred revenue | (473,772) | 551,385 | ||
| Net cash used in operating activities | (5,303,332) | (2,679,622) | ||
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | - | (83,095) | ||
| Net cash used in investing activities | - | (83,095) | ||
| Cash flows from financing activities: | ||||
| Proceeds from sales of common stock, net of offering costs | 2,684,754 | 154,947 | ||
| Proceeds from stock option exercises | 2,171 | - | ||
| Proceeds from exercises of warrants | 655,000 | - | ||
| Proceeds from loans payable | - | 4,273,823 | ||
| Proceeds from convertible notes payable | 5,000,000 | - | ||
| Proceeds from line of credit | 6,270,625 | 2,564,589 | ||
| Payments on line of credit | (6,473,657) | (374,483) | ||
| Payments on loans payable | (1,658,754) | (3,406,538) | ||
| Payments of debt issuance costs | (1,408,642) | (144,000) | ||
| Net cash provided by financing activities | 5,071,497 | 3,068,338 | ||
| Effect of exchange rates on cash and cash equivalents | - | (59,214) | ||
| Net (decrease) increase in cash and cash equivalents | (231,835) | 246,407 | ||
| Cash and cash equivalents - beginning of the period | 992,589 | 1,062,442 | ||
| Cash and cash equivalents - end of the period | $760,754 | $1,308,849 | ||
| Reconciliation of cash and cash equivalents: | ||||
| Cash and cash equivalents from continuing operations | $760,754 | $1,118,282 | ||
| Cash and cash equivalents included in assets of business held for sale | - | 190,567 | ||
| Total cash and cash equivalents, end of period | $760,754 | $1,308,849 | ||
| Supplemental cash flow information: | ||||
| Cash paid for: | ||||
| Interest | $556,679 | $1,083,769 | ||
| Income taxes | $ | - | $ | - |
| Supplemental disclosures of non-cash investing and financing activities: | ||||
| Common stock issued in exchange for services | $91,000 | $ | - | |
| Common stock issued as a lending discount | $ | - | $122,000 | |
| Conversion of convertible notes | $8,988,669 | $ | - | |
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