Onfolio Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
ONFO$0.36-3.9%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
| Onfolio Holdings, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statements of Cash Flows | ||||
| For the Years Ended December 31, 2023 and 2022 | ||||
| 2023 · 2022 | ||||
| Cash Flows from Operating Activities | ||||
| Net loss | $(8,144,821) | $(4,234,357) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||
| Stock-based compensation expense | 591,558 | 944,995 | ||
| Equity method income | (13,190) | (34,432) | ||
| Dividends received from equity method investment | 20,474 | 33,488 | ||
| Impairment of Cost method investment | - | 51,894 | ||
| Loss on sale of asset | - | 34,306 | ||
| Amortization of intangible assets | 739,780 | 124,832 | ||
| Impairment of intangible assets | 3,952,433 | - | ||
| Net change in: | ||||
| Accounts receivable | 47,528 | (122,974) | ||
| Inventory | 12,492 | 8,125 | ||
| Prepaids and other current assets | 101,083 | (52,389) | ||
| Accounts payable and other current liabilities | (56,638) | 325,706 | ||
| Due to joint ventures | (39,251) | (9,730) | ||
| Deferred revenue | 36,714 | 60,123 | ||
| Due to related parties | - | (480) | ||
| Net cash used in operating activities | (2,751,838) | (2,870,893) | ||
| Cash Flows from Investing Activities | ||||
| Proceeds from sale of intangible assets | - | 45,694 | ||
| Cash paid to acquire businesses | (850,000) | (4,261,413) | ||
| Investments in joint ventures | - | (67,500) | ||
| Net cash used in investing activities | (850,000) | (4,283,219) | ||
| Cash Flows from Financing Activities | ||||
| Proceeds from sale of common stock | - | 12,104,667 | ||
| Proceeds from sale of Series A preferred stock | 565,000 | 321,500 | ||
| Payments of preferred dividends | (213,691) | (142,239) | ||
| Payment of contribution to joint venture note payable | - | (215,000) | ||
| Payments on acquisition note payable | (2,439,000) | - | ||
| Proceeds from notes payable | - | 44,000 | ||
| Payments on note payables | (68,959) | (3,555) | ||
| Net cash provided by financing activities | (2,156,650) | 12,109,373 | ||
| Effect of foreign currency translation | 39,627 | 35,543 | ||
| Net Change in Cash | (5,718,861) | 4,990,804 | ||
| Cash, Beginning of Period | 6,701,122 | 1,710,318 | ||
| Cash, End of Period | 982,261 | $6,701,122 | ||
| Cash Paid For: | ||||
| Income Taxes | $ | - | $ | - |
| Interest | $68,938 | $7,082 | ||
| Non-cash transactions: | ||||
| Notes payable issued for asset acquisitions | $ | - | $2,439,000 | |
| The accompanying notes are an integral part of these consolidated financial statements | ||||
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