Aclarion Inc
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
ACON$1.60-8.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $(2,399,102) | $(1,183,460) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 45,109 | 39,368 |
| Share-based compensation | 85,827 | 82,531 |
| Loss on exchange of debt | 1,066,732 | – |
| Loss on extinguishment of debt | 111,928 | – |
| Amortization of deferred issuance costs | 335,352 | – |
| Change in fair value related to warrants and derivative | (297,684) | – |
| Change in assets and liabilities | ||
| Accounts receivable | (2,616) | 1,416 |
| Prepaids and other current assets | (134,760) | (705) |
| Accounts payable | (640,163) | 82,540 |
| Accrued and other liabilities | (409,180) | (34,804) |
| Net cash (used in) operations | (2,238,557) | (1,013,113) |
| Investing activities | ||
| Intangible assets - Patents | (63,657) | (11,719) |
| Net cash (used in) investing activities | (63,657) | (11,719) |
| Financing activities | ||
| Issuance of common stock and warrants related to public offering, net deductions | 2,691,391 | – |
| Proceeds from equity line | 1,449,532 | – |
| Repayment of promissory notes | (300,974) | – |
| Equity line cash issuance costs | (259,331) | – |
| Public offering cash issuance costs | (143,463) | – |
| Bridge fund cash issuance costs | (23,375) | – |
| Proceeds from sale of Series A preferred stock | – | 1,000 |
| Redemption of Series A Preferred stock | – | (1,000) |
| Net cash provided by financing activities | 3,413,780 | – |
| Net increase (decrease) in cash and cash equivalents | 1,111,566 | (1,024,831) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,031,069 | 1,482,806 |
| Cash, cash equivalents and restricted cash, end of period | $2,142,635 | $457,975 |
| Non-cash activities | ||
| Issuance of common shares in exchange for debt | 1,771,606 | – |
| Public offering accrued issuance costs | 112,631 | – |
| Equity line accrued issuance costs | 3,413 | – |
| Issuance of bridge fund commitment shares | 33,297 | – |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.