SPLASH BEVERAGE GROUP 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
EDVA$0.17-7.2%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
Condensed Consolidated Statement of Cash Flows
For the Three Months Ended March 31, 2024 and 2023
(Unaudited)
| 2024 | 2023 | |
|---|---|---|
| Net loss | $(4,670,897) | $(3,729,299) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 135,231 | 130,618 |
| Amortization of debt discount | 886,838 | 247,661 |
| ROU assets, net | 21 | 427 |
| Non-cash share-based compensation | 556,672 | 215,760 |
| Changes in working capital items: | ||
| Accounts receivable, net | 134,732 | (378,571) |
| Inventory, net | 780,757 | 576,514 |
| Prepaid expenses and other current assets | (139,903) | (723,988) |
| Deposits | (15) | (78) |
| Accounts payable and accrued expenses | 500,887 | (464,195) |
| Accrued interest payable | 507,752 | 21,324 |
| Net cash used in operating activities | (1,307,925) | (4,103,827) |
| Cash flows from investing activities: | ||
| Capital expenditures | — | (10,571) |
| Net cash used in investing activities | — | (10,571) |
| Cash flows from financing activities: | ||
| Cash advance (repayment) from related party | (5,000) | — |
| Cash advance from shareholder | — | 200,000 |
| Proceeds from issuance of debt | 1,465,500 | 2,000,000 |
| Principal repayment of debt | (509,858) | (369,941) |
| Net cash provided by financing activities | 950,142 | 1,830,059 |
| Net cash effect of exchange rate changes on cash | (7,437) | (1,609) |
| Net change in cash and cash equivalents | (365,221) | (2,285,948) |
| Cash and cash equivalents, beginning of year | 379,978 | 4,431,745 |
| Cash and cash equivalents, end of period | $14,757 | $2,145,797 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for Interest | $24,847 | $145,797 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Notes payable and accrued interest converted to common stock (1,552,000 shares in 2024) | 388,000 | — |
| Non-cash debt discount in the form of issuance of shares and beneficial conversion feature in conjunction with convertible notes | 661,677 | 1,786,468 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.