374Water Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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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.
FY2024 · Filed Mar 28, 2025
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
Consolidated Statements of Cash Flows
| 2024 · 2023 | ||||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(12,434,114) | $(8,103,522) | ||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||
| Depreciation and amortization | 226,039 | 85,816 | ||
| Non-cash lease expense | 35,450 | - | ||
| Issuance of common stock for services | 383,879 | 71,200 | ||
| Stock-based compensation | 1,215,624 | 925,181 | ||
| Gain on legal settlement | (22,303) | - | ||
| Inventory reserve | 50,000 | - | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (204,941) | (64,792) | ||
| Other accounts receivable | (4,137) | (39,749) | ||
| Unbilled accounts receivable | (158,454) | (576,389) | ||
| Inventory | (1,294,081) | (615,967) | ||
| Contract assets | (136,651) | - | ||
| Prepaid expenses | 149,673 | (427,630) | ||
| Other assets | (20,847) | - | ||
| Accounts payable and accrued expenses | 215,721 | (877,285) | ||
| Accrued bonuses | 570,000 | - | ||
| Accrued contract loss provision | 500,000 | 500,000 | ||
| Accrued legal settlement | 335,000 | 135,000 | ||
| Unearned revenue | 97,683 | (70,109) | ||
| Other liabilities | (19,508) | 23,259 | ||
| Operating lease liability | (73,768) | - | ||
| Net cash used in operating activities | (10,589,735) | (9,034,987) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchases of property and equipment | (554,942) | (105,990) | ||
| Increase in intangible assets | (98,602) | (5,725) | ||
| Proceeds from the sale of investments | - | 1,963,432 | ||
| Net cash (used in) provided by investing activities | (653,544) | 1,851,717 | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds from the exercise of options and warrants | 60,000 | 137,500 | ||
| Net proceeds from the sale of common stock | 11,389,519 | 13,441,438 | ||
| Net cash provided by financing activities | 11,449,519 | 13,578,938 | ||
| Effect of exchange rates on cash | - | 2,799 | ||
| Net increase in cash | 206,240 | 6,398,467 | ||
| Cash and cash equivalents, beginning of year | 10,445,404 | 4,046,937 | ||
| Cash and cash equivalents, end of year | $10,651,644 | $10,445,404 | ||
| Supplemental cash flow disclosures | ||||
| Cash paid for interest | $ | - | $ | - |
| Cash paid for taxes | $ | - | $ | - |
| Supplemental disclosure operating, investing and financing activities | ||||
| Amortization of unrealized loss into interest income as yield adjustment | $ | - | $18,968 | |
| Cashless stock option exercises | $100 | $ | - | |
| Equipment purchase in accounts payable | $118,376 | $ | - | |
| Initial right-of-use asset and liability | $726,464 | $ | - | |
| Reclassification of inventory to property and equipment | $1,819,284 | $ | - | |
| Transfers of investments securities from AFS to HTM | $ | - | $1,963,432 | |
374 Water Inc. and Subsidiaries
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