Unusual Machines 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
UMAC$12.59-6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
Consolidated Condensed Statement of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,106,001) | $(588,897) |
| Depreciation and amortization | 5,470 | 381 |
| Share-based compensation expense | 64,344 | – |
| Change in assets and liabilities: | ||
| Accounts receivable | 4,865 | – |
| Inventory | 148,765 | – |
| Prepaid inventory | (377,144) | – |
| Deferred offering costs | – | (70,268) |
| Other assets | (46,866) | 11,250 |
| Accounts payable and accrued expenses | 53,722 | 105,086 |
| Operating lease liabilities | (4,586) | – |
| Customer deposits and other current liabilities | 61,827 | – |
| Net cash used in operating activities | (1,195,604) | (542,448) |
| Cash flows from investing activities | ||
| Cash portion of consideration paid for acquisition of businesses, net of cash received | (852,876) | – |
| Net cash used in investing activities | (852,876) | – |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common shares | 5,000,000 | – |
| Common share issuance offering costs | (637,687) | – |
| Net cash provided by financing activities | 4,362,313 | – |
| Net increase (decrease) in cash | 2,313,833 | (542,448) |
| Cash, beginning of period | 894,773 | 3,099,422 |
| Cash, end of period | $3,208,606 | $2,556,974 |
| Supplemental disclosures of cash flow information: | ||
| Non-cash consideration paid for assets acquired and liabilities assumed | $19,000,000 | $– |
| Deferred acquisition costs | $100,000 | $– |
| Deferred offering costs recorded as reduction of proceeds | $512,758 | $– |
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