Sezzle Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 8, 2024
SEZL$149.28-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (unaudited)
| For the nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net income | $53,155,127 | $4,158,724 |
| Adjustments to reconcile net income to net cash provided from operating activities: | ||
| Depreciation and amortization | 707,450 | 624,608 |
| Provision for credit losses | 30,636,149 | 12,667,346 |
| Provision for other credit losses | 4,939,580 | 2,067,268 |
| Equity based compensation and restricted stock vested | 3,823,512 | 5,912,015 |
| Amortization of debt issuance costs | 417,207 | 534,638 |
| Fair value adjustment on warrants | 1,261,556 | 79,268 |
| Impairment losses on long-lived assets | 47,962 | 42,248 |
| (Gain) loss on sale of fixed assets | (37,735) | 17,644 |
| Loss on extinguishment of line of credit | 259,706 | — |
| Deferred income taxes | (14,941,204) | — |
| Changes in operating assets and liabilities: | ||
| Notes receivable | (32,993,867) | (20,945,172) |
| Other receivables | (7,191,657) | (1,590,055) |
| Prepaid expenses and other assets | (3,122,311) | (23,191) |
| Merchant accounts payable | (3,473,648) | (14,869,007) |
| Other payables | 4,985,620 | 1,166,248 |
| Accrued liabilities | (333,592) | (1,101,420) |
| Deferred revenue | 1,729,684 | 554,005 |
| Operating leases | 59,086 | 29,667 |
| Net Cash Provided from (Used for) Operating Activities | 39,928,625 | (10,675,166) |
| Investing Activities: | ||
| Purchase of property and equipment | (36,063) | (53,533) |
| Internally developed intangible asset additions | (1,022,087) | (984,176) |
| Net Cash Used for Investing Activities | (1,058,150) | (1,037,709) |
| Financing Activities: | ||
| Proceeds from line of credit | 74,726,901 | 28,900,000 |
| Payments to line of credit | (74,726,901) | (18,000,000) |
| Payments of debt issuance costs | (1,051,707) | (75,475) |
| Proceeds from stock option exercises | 1,566,243 | 26,996 |
| Stock subscriptions collected related to stock option exercises | 38,848 | — |
| Proceeds from warrant exercises | 400,741 | — |
| Repurchase of common stock | (22,167,241) | (1,645,917) |
| Net Cash (Used for) Provided from Financing Activities | (21,213,116) | 9,205,604 |
| Effect of exchange rate changes on cash | (13,453) | (202,689) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 17,657,359 | (2,507,271) |
| Cash, cash equivalents, and restricted cash, beginning of period | 70,699,223 | 69,522,658 |
| Cash, cash equivalents, and restricted cash, end of period | $88,343,129 | $66,812,698 |
| Noncash investing and financing activities: | ||
| Lease liabilities arising from obtaining right-of-use assets | — | 1,059,263 |
| Conversion of warrant liabilities to stockholders' equity | $2,228,813 | $— |
| Supplementary disclosures: | ||
| Interest paid | $10,476,571 | $11,859,913 |
| Income taxes paid | 3,544,746 | 72,600 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.