Airship AI Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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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, 2024 · Filed Aug 14, 2024
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Consolidated Statements of Changes in Stockholders’ Deficit
For the six months ended June 30, 2024 and 2023
| Common · Additional · Other · Total | ||||||
|---|---|---|---|---|---|---|
| Common | Stock | Paid in | Accumulated | Comprehensive | Stockholders' | |
| Stock | $ | Capital | Deficit | Income (Loss) | Deficit | |
| Balance as of January 1, 2023 | 22,812,048 | $2,281 | $1,963,727 | $(10,314,313) | $(10,106) | $(8,358,411) |
| Stock-based compensation | - | - | 136,709 | - | - | 136,709 |
| Net loss | - | - | - | (1,712,176) | - | (1,712,176) |
| Balance as of March 31, 2023 | 22,812,048 | 2,281 | 2,100,436 | (12,026,489) | (10,106) | (9,933,878) |
| Stock-based compensation- stock option grants | - | - | 136,709 | - | - | 136,709 |
| Stock based compensation- warrants | - | - | 2,136,115 | - | - | 2,136,115 |
| Foreign currency translation gain | - | - | - | - | 42,551 | 42,551 |
| Net loss | - | - | - | (3,103,279) | - | (3,103,279) |
| Balance as of June 30, 2023 | 22,812,048 | 2,281 | 4,373,260 | (15,129,768) | 32,445 | (10,721,782) |
| Balance as of January 1, 2024 | 22,812,048 | 2,281 | - | (17,476,700) | (12,808) | (17,487,227) |
| Stock-based compensation | - | - | 268,989 | - | - | 268,989 |
| Issuance of common stock for prior period services | 15,000 | - | - | - | - | - |
| Issuance of common stock for conversion of debt | 169,204 | 17 | 835,593 | - | - | 835,610 |
| Issuance of common stock for exercise of warrants | 162,867 | 16 | 293,233 | - | - | 293,249 |
| Foreign currency translation gain | - | - | - | - | 3,239 | 3,239 |
| Net loss | - | - | - | (31,964,469) | - | (31,964,469) |
| Balance as of March 31, 2024 | 23,159,119 | 2,314 | 1,397,815 | (49,441,169) | (9,569) | (48,050,609) |
| Stock-based compensation | - | - | 261,636 | - | - | 261,636 |
| Issuance of common stock for services | 50,000 | 5 | 198,495 | - | - | 198,500 |
| Issuance of common stock for exercise of warrants | 100 | - | 800 | - | - | 800 |
| Issuance of common stock for stock options exercise | 294,448 | 29 | 146,943 | - | - | 146,972 |
| Issuance of common stock for debt interest payment | 232,360 | 23 | 1,008,400 | - | - | 1,008,423 |
| Foreign currency translation gain | - | - | - | - | 5,745 | 5,745 |
| Net income | - | - | - | 18,461,995 | - | 18,461,995 |
| Balance as of June 30, 2024 | 23,736,027 | $2,372 | $3,014,089 | $(30,979,174) | $(3,824) | $(27,966,537) |
The shares of the Company’s common stock, prior to the Merger, have been retroactively restated as shares reflecting the exchange ratio of approximately 1.7581 established in the Merger described in Note 1.
The accompanying notes are an integral part of these consolidated financial statements.** **
**AIRSHIP AI HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
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