Freight Technologies, Inc.
For the period ended Jun 30, 2025. Filed Aug 18, 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 18, 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 Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(952,808) | $(4,211,006) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 210,789 | 220,246 |
| Share-based compensation | 450,167 | 515,380 |
| Non-cash interest | 18,003 | 491,976 |
| Loss on the sale cryptocurrencies | 80,057 | - |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,761,635) | (887,494) |
| Unbilled receivables | (279,313) | 280,617 |
| Change in convertible note fair value | - | (22,602) |
| Change in fair value of cryptocurrency | (2,427,754) | - |
| Prepaid expense and other assets | 124,526 | 195,723 |
| Accounts payable | (160,057) | (292,155) |
| Accrued expenses | (261,143) | (1,138,213) |
| Income tax payable | (80,049) | (9,598) |
| Net cash used in operating activities | (5,039,217) | (4,857,126) |
| Cash flows from investing activities: | ||
| Purchase of cryptocurrencies | (2,748,777) | - |
| Sale of cryptocurrencies | 1,920,064 | - |
| Capitalization of software development costs | (156,118) | (171,997) |
| Purchase of property and equipment | - | (1,882) |
| Net cash used in investing activities | (984,831) | (173,879) |
| Cash flows from financing activities: | ||
| Proceeds from notes payable, net of discounts | 2,000,000 | 873,000 |
| Repayment of insurance financing payable | (70,489) | (100,464) |
| Repayment of short-term borrowings | (6,103,131) | (8,150,791) |
| Proceeds from short-term borrowings | 7,611,183 | 9,848,259 |
| Proceeds from the issuance of Series A4 Shares | 2,970,000 | - |
| Net proceeds from the issuance of Ordinary Shares | - | 1,453,589 |
| Net cash provided by financing activities | 6,407,563 | 3,923,593 |
| Net increase (decrease) in cash and cash equivalents | 383,515 | (1,107,412) |
| Effect of exchange rate changes on cash and cash equivalents | (889) | 7,883 |
| 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 | $586,658 | $460,576 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $325,109 | $675,628 |
| Supplemental disclosure of non-cash activity | ||
| Financing of insurance premiums | $180,411 | $222,891 |
| Reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet | ||
| Cash and cash equivalents | $586,658 | $460,576 |
| Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | $586,658 | $460,576 |
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