Nixxy, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 15, 2026
NIXX$0.20-4.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In thousands)
| Year Ended | ||
|---|---|---|
| December 31, 2025 | December 31, 2024 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(14,983) | $(22,594) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 2,422 | 1,055 |
| Equity based compensation expense - stock | 4,648 | 5,503 |
| Equity based compensation expense - options | 37 | 112 |
| Accounts receivable collected on assets held for distribution | 7 | – |
| Allowance for (recovery of) credit losses | 7 | (84) |
| Impairment expense | 1,748 | 4,721 |
| Loss on shares issued in settlement of consulting agreement | – | 153 |
| Loss on debt settlement | – | 8,521 |
| Gain on deconsolidation | (337) | – |
| Change in fair value of derivative liability | 53 | – |
| Change in fair value of warrant liability | 2 | (13) |
| Loss on adjustment of fair value of marketable securities | 136 | 240 |
| Gain on assets sale | – | (1,763) |
| Amortization of debt discount and debt costs | – | 177 |
| Change in fair value of contingent consideration | 1,154 | – |
| Changes in assets and liabilities: | ||
| (Increase) decrease in accounts receivable | (1,330) | 458 |
| Decrease (increase) in prepaid expenses and other current assets | 416 | (207) |
| Increase (decrease) in accounts payable and accrued liabilities | 1,502 | (321) |
| Decrease in deferred revenue | (49) | (54) |
| Net cash used in operating activities | (4,567) | (4,096) |
| Cash Flows from Investing Activities: | ||
| Purchase of intangible assets | (400) | – |
| Proceeds from sale of assets | – | 1,763 |
| Net cash (used in) provided by investing activities | (400) | 1,763 |
| Cash Flows from Financing Activities: | ||
| Issuance of common stock, net of fees | – | 4,331 |
| Repayments of notes | – | (1,072) |
| Gross proceeds from exercise of the warrants | – | 599 |
| Proceeds from sale of common stock in offering | 1,841 | – |
| Proceeds from line of credit payable | 775 | – |
| Net cash provided by financing activities | 2,616 | 3,858 |
| Net (decrease) increase in cash | (2,351) | 1,525 |
| Cash, beginning of year | 2,533 | 1,008 |
| Cash, end of year | $182 | $2,533 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for interest | $– | $150 |
| Cash paid during the year for income taxes | $– | $– |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Issuance of common stock issued upon purchase of intangible assets | $11,460 | $647 |
| Warrants issued in connection with purchase of intangible assets | $– | $480 |
| Issuance of common stock issued upon conversion of note payable | $– | $274 |
| Issuance of common stock from conversion of warrants | $– | $592 |
| Issuance of common stock for debt settlements | $– | $2,706 |
| Stock to be issued for fixed consideration | $500 | $– |
| Issuance of common stock upon debt conversion | $1,497 | $– |
| D&O Insurance Policy | $65 | $– |
| Distribution associated with Spin-off | $103 | $– |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.