374Water Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
SCWO$2.32-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended December 31, 2023 and 2022
| For the years ended | ||
|---|---|---|
| 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Loss | $(8,103,522) | $(4,689,967) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Depreciation and amortization expense | 85,816 | 67,573 |
| Stock-based compensation | 925,181 | 610,741 |
| Issuance of restricted stock for services | 71,200 | — |
| — | ||
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (64,792) | — |
| Other receivables | (39,749) | — |
| Unbilled accounts receivable | (576,389) | (918,164) |
| Inventory | (615,967) | (1,660,710) |
| Prepaid expense and other assets | (427,630) | 65,011 |
| Accounts payable and accrued expenses | (877,285) | 1,386,601 |
| Contract loss provision | 500,000 | - |
| Accrued legal settlement | 135,000 | - |
| Unearned revenue | (70,109) | 200,109 |
| Other liabilities | 23,259 | (9,862) |
| Net cash used in operating activities | (9,034,987) | (4,948,668) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant, and equipment | (105,990) | (144,567) |
| Purchases of marketable securities | — | (1,963,432) |
| Proceeds from marketable securities | 1,963,432 | — |
| Increase in intangible assets | (5,725) | (52,292) |
| Net cash provided by (used in) investing activities | 1,851,717 | (2,160,291) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from the exercise of options and warrants | 137,500 | 25,049 |
| Proceeds from the issuance of common stock | 13,441,438 | — |
| Net cash provided by financing activities | 13,578,938 | 25,049 |
| Effect of exchange rates on cash | 2,799 | (328) |
| NET INCREASE (DECREASE) IN CASH | 6,398,467 | (7,084,238) |
| CASH - Beginning of year | 4,046,937 | 11,131,175 |
| CASH - End of year | $10,445,404 | $4,046,937 |
| SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||
| Cash paid for interest | $— | $— |
| Cash paid for taxes | $— | $— |
| NON-CASH INVESTING ACTIVITIES: | ||
| Change in unrealized loss on AFS investment securities | $— | $(18,968) |
| Transfers of investment securities from AFS to HTM | $1,963,432 | $— |
| Amortization of AFS investment securities unrealized loss in AOCI into interest income as yield adjustment | $18,968 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.