Sezzle Inc
For the period ended Dec 31, 2023. Filed Feb 29, 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 Feb 29, 2024
SEZL$149.28-1.0%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, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating Activities: | ||
| Net income (loss) | $7,098,022 | $(38,093,756) |
| Adjustments to reconcile net income (loss) to net cash (used for) provided from operating activities: | ||
| Depreciation and amortization | 855,803 | 847,126 |
| Provision for credit losses | 23,186,973 | 29,437,179 |
| Provision for other credit losses | 3,351,966 | 9,257,284 |
| Equity based compensation and restricted stock vested | 6,933,718 | 10,309,535 |
| Amortization of debt issuance costs | 732,029 | 983,745 |
| Impairment losses on long-lived assets | 42,247 | 39,512 |
| Fair value adjustment on warrants | 455,962 | (50,424) |
| Loss on extinguishment of line of credit | — | 813,806 |
| Loss on sale of fixed assets | 25,621 | 79,683 |
| Changes in operating assets and liabilities: | ||
| Notes receivable | (59,364,299) | 10,590,769 |
| Other receivables | (2,390,165) | (6,710,739) |
| Prepaid expenses and other assets | (1,219,639) | (1,353,026) |
| Merchant accounts payable | (9,115,285) | (12,928,944) |
| Other payables | 1,120,852 | 1,281,500 |
| Accrued liabilities | 1,416,863 | 2,476,822 |
| Deferred revenue | 1,126,966 | 1,516,228 |
| Operating leases | 51,933 | 15,548 |
| Net Cash (Used for) Provided from Operating Activities | (25,690,433) | 8,511,848 |
| Investing Activities: | ||
| Purchase of property and equipment | (81,609) | (52,236) |
| Internally developed intangible asset additions | (1,283,983) | (955,841) |
| Net Cash Used for Investing Activities | (1,365,592) | (1,008,077) |
| Financing Activities: | ||
| Proceeds from line of credit | 54,849,000 | 71,155,556 |
| Payments to line of credit | (24,849,000) | (84,955,556) |
| Payments of debt issuance costs | (128,598) | (1,330,901) |
| Payment of debt extinguishment costs | — | (600,307) |
| Proceeds from stock option exercises | 26,996 | 100,370 |
| Stock subscriptions collected related to stock option exercises | — | 324,378 |
| Repurchase of common stock | (1,683,210) | (381,434) |
| Net Cash Provided From (Used for) Financing Activities | 28,215,188 | (15,687,894) |
| Effect of exchange rate changes on cash | 17,402 | (1,183,387) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 1,159,163 | (8,184,123) |
| Cash, cash equivalents, and restricted cash, beginning of period | 69,522,658 | 78,890,168 |
| Cash, cash equivalents, and restricted cash, end of period | $70,699,223 | $69,522,658 |
| Noncash investing and financing activities: | ||
| Lease liabilities arising from obtaining right-of-use assets | $1,059,263 | $8,005 |
| Issuance of warrants | — | 561,719 |
| Supplementary disclosures: | ||
| Interest paid | $16,362,536 | $7,790,430 |
| Income taxes paid | 452,426 | 65,395 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.