Z Squared Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
ZSQR$2.30-17.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(3,420,941) | $(3,001,388) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 295,303 | 250,211 |
| Amortization of debt discount | 99,879 | 150,000 |
| Right of use asset amortization | 9,994 | 9,130 |
| Change in fair value of derivative liability | (405,995) | – |
| Change in fair value of derivative liability warrants | (190,125) | (34,875) |
| Stock based compensation | 597,731 | 96,889 |
| Shares issued for non-employee services | 25,000 | 541,750 |
| Forgiveness of interest | 19,447 | – |
| Warrants issued for services | 824,295 | 8,150 |
| (Increase) decrease in: | ||
| Interest receivable | – | (69,604) |
| Prepaid assets | 135,778 | 47,140 |
| Increase (decrease) in: | ||
| Accounts payable | (149,107) | (53,801) |
| Right of use liability | (10,115) | (9,085) |
| Customer deposit | (62,874) | – |
| Other current liabilities | (134,437) | 163,093 |
| NET CASH USED IN OPERATING ACTIVITIES | (2,366,167) | (1,902,390) |
| INVESTING ACTIVITIES | ||
| Increase in subscription receivable in exchange for cash | – | (100,000) |
| NET CASH USED IN INVESTING ACTIVITIES | – | (100,000) |
| FINANCING ACTIVITIES | ||
| Proceeds from notes payable | 990,000 | 1,350,000 |
| Repayment of notes payable | (218,750) | (287,500) |
| Preferred stock offering | 5,330,000 | – |
| Warrants issued for cash | 400 | – |
| Shares issued for cash | – | 500,000 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 6,101,650 | 1,562,500 |
| NET INCREASE (DECREASE) IN CASH | 3,735,483 | (439,890) |
| CASH AT BEGINNING OF PERIOD | 532,885 | 1,469,134 |
| CASH AT END OF PERIOD | $4,268,368 | $1,029,244 |
| SUPPLEMENTAL CASH FLOW DISCLOSURES | ||
| Shares issued in exchange for notes receivable | $– | $1,900,000 |
| Interest paid | $2,193 | $2,193 |
| Taxes paid | $– | $– |
| SUPPLEMENTAL NON-CASH DISCLOSURE | ||
| Shares issued in exchange for notes receivable | $– | $1,900,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.