Unusual Machines Inc
For the period ended Jun 30, 2024. Filed Aug 14, 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.
Jun 30, 2024 · Filed Aug 14, 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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Unaudited Consolidated Condensed Statements of Cash Flows
Consolidated Condensed Statement of Cash Flows
For the Six Months Ended June 30, 2024 and 2023
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Restated – Note 13) | ||
| Cash flows from operating activities: | ||
| Net loss | $(2,718,240) | $(1,613,202) |
| Depreciation and amortization | 342 | 763 |
| Stock compensation expense as settlement | 64,344 | 600,000 |
| Stock compensation expense | 361,243 | – |
| Change in assets and liabilities: | ||
| Accounts receivable | 6,798 | – |
| Inventory | 152,566 | – |
| Prepaid inventory | (253,424) | – |
| Other assets | (129,089) | 22,500 |
| Accounts payable and accrued expenses | 384,556 | (32,922) |
| Operating lease liabilities | (18,615) | – |
| Customer deposits and other current liabilities | (32,321) | – |
| Net cash used in operating activities | (2,181,840) | (1,022,861) |
| Cash flows from investing activities | ||
| Cash portion of consideration paid for acquisition of businesses, net of cash received | (852,801) | – |
| Net cash used in investing activities | (852,801) | – |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common shares | 5,000,000 | – |
| Common share issuance offering costs | (637,687) | (223,579) |
| Net cash provided by (used in) financing activities | 4,362,313 | (223,579) |
| Net increase (decrease) in cash | 1,327,672 | (1,246,440) |
| Cash, beginning of period | 894,773 | 3,099,422 |
| Cash, end of period | $2,222,445 | $1,852,982 |
| 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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