Unusual Machines Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 Nine months Ended September 30, 2024 and 2023
| Nine months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Restated – Note 14) | ||
| Cash flows from operating activities: | ||
| Net loss | $(4,862,490) | $(1,966,876) |
| Depreciation | 513 | 1,407 |
| Stock compensation expense as settlement | 64,344 | 600,000 |
| Stock compensation expense | 759,673 | – |
| Change in fair value for warrant and derivative liabilities | (43,239) | – |
| Loss on debt extinguishment, non-cash component | 663,250 | – |
| Change in assets and liabilities: | ||
| Accounts receivable | (73,109) | – |
| Inventory | 337,562 | – |
| Prepaid inventory | (319,532) | – |
| Other assets | (29,100) | 33,750 |
| Accounts payable and accrued expenses | 630,595 | (50,819) |
| Operating lease liabilities | (33,056) | – |
| Customer deposits and other current liabilities | 186,076 | – |
| Net cash used in operating activities | (2,718,513) | (1,382,538) |
| Cash flows from investing activities | ||
| Cash portion of consideration paid for acquisition of businesses; net of cash received | (852,801) | – |
| Purchase of property & equipment | – | (3,164) |
| Net cash used in investing activities | (852,801) | (3,164) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common shares | 5,000,000 | – |
| Common share issuance offering costs | (637,687) | (376,702) |
| Net cash provided by (used in) financing activities | 4,362,313 | (376,702) |
| Net increase (decrease) in cash | 790,999 | (1,762,404) |
| Cash, beginning of period | 894,773 | 3,099,422 |
| Cash, end of period | $1,685,772 | $1,337,018 |
| 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 | $– |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.