Onfolio Holdings, Inc
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
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FY2024 · Filed Apr 16, 2025
ONFO$0.36-3.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
For the Years Ended December 31, 2024 and 2023
| 2024 · 2023 | ||||
|---|---|---|---|---|
| Cash Flows from Operating Activities | ||||
| Net loss | $(1,773,942) | $(9,150,066) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||
| Stock-based compensation expense | 56,887 | 591,558 | ||
| Equity method (income) loss | 4,812 | (13,190) | ||
| Dividends received from equity method investment | - | 20,474 | ||
| Change in fair value of contingent consideration | (368,464) | - | ||
| Gain on sale of subsidiary | (453,581) | - | ||
| Amortization of intangible assets | 906,737 | 680,693 | ||
| Impairment of intangible assets | 121,000 | 5,016,765 | ||
| Net change in: | ||||
| Accounts receivable | (282,002) | 47,528 | ||
| Inventory | 26,761 | 12,492 | ||
| Prepaids and other current assets | 4,891 | 101,083 | ||
| Accounts payable and other current liabilities | 477,247 | (56,638) | ||
| Due to joint ventures | 24,441 | (39,251) | ||
| Deferred revenue | 86,850 | 36,714 | ||
| Net cash used in operating activities | (1,168,363) | (2,751,838) | ||
| Cash Flows from Investing Activities | ||||
| Proceeds from sale of subsidiary | 780,000 | - | ||
| Cash paid to acquire businesses | (255,000) | (850,000) | ||
| Investments in joint ventures | (59,000) | - | ||
| Investments in other assets | (15,000) | - | ||
| Net cash provided by (used in) investing activities | 451,000 | (850,000) | ||
| Cash Flows from Financing Activities | ||||
| Proceeds from exercise of common stock options | 12,960 | - | ||
| Proceeds from sale of Series A preferred stock | 20,000 | 565,000 | ||
| Payments of preferred dividends | (321,442) | (213,691) | ||
| Distributions to non-controlling interest holders | (20,400) | - | ||
| Payments on acquisition note payable | - | (2,439,000) | ||
| Proceeds from notes payable | 881,650 | - | ||
| Payments on note payables | (386,339) | (68,959) | ||
| Proceeds from notes payable – related parties | 200,000 | - | ||
| Payments on note payables – related parties | (1,000) | - | ||
| Payments on contingent consideration | (59,093) | - | ||
| Net cash provided by (used in) financing activities | 326,336 | (2,156,650) | ||
| Effect of foreign currency translation | (114,360) | 39,627 | ||
| Net Change in Cash | (505,387) | (5,718,861) | ||
| Cash, Beginning of Period | 982,261 | 6,701,122 | ||
| Cash, End of Period | 476,874 | $982,261 | ||
| Cash Paid For: | ||||
| Income Taxes | $ | - | $ | - |
| Interest | $101,667 | $68,938 | ||
| Supplemental Non-cash Disclosures | ||||
| Promissory notes issued for acquisitions | $1,890,000 | $ | - | |
| Preferred stock issued for acquisitions | $1,035,000 | $ | - | |
| Contingent consideration issued for acquisition | $1,349,148 | $ | - | |
| Common stock options issued for acquisition | $60,000 | $ | - | |
| Non-controlling interest issued for acquisitions | $1,066,000 | $ | - | |
ONFOLIO HOLDINGS INC.
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