SPLASH BEVERAGE GROUP INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 Nine Months Ended September 30, 2024 and 2023
(Unaudited)
| 2024 | 2023 | |
|---|---|---|
| Net loss | $(14,717,161) | $(15,009,628) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 405,322 | 403,948 |
| Amortization of debt discount | 2,730,854 | 2,500,065 |
| ROU assets, net | (189) | 3,453 |
| Common stock issued for services | 289,998 | |
| Non-cash share-based compensation | 2,085,671 | 1,224,101 |
| Changes in working capital items: | ||
| Accounts receivable, net | 295,326 | 299,417 |
| Inventory, net | 911,033 | 813,846 |
| Prepaid expenses and other current assets | (192,139) | 90,061 |
| Deposits | (403) | (108) |
| Accounts payable and accrued expenses | 1,425,795 | 526,290 |
| Accrued interest payable | 672,427 | 354,792 |
| Net cash used in operating activities | (6,383,464) | (8,503,765) |
| Cash flows from investing activities: | ||
| Capital expenditures | (3,235) | (12,613) |
| Net cash provided by investing activities | (3,235) | (12,613) |
| Cash flows from financing activities: | ||
| Cash advance from related party | 164,000 | 426,000 |
| Cash advance repayment from related party | (155,000) | — |
| Cash advance from shareholder | — | 200,000 |
| Proceeds from convertible promissory note | 7,919,000 | 4,300,000 |
| Principal repayment of debt | (1,542,209) | (757,270) |
| Net cash provided by financing activities | 6,385,791 | 4,168,730 |
| Net cash effect of exchange rate changes on cash | 77,819 | 12,024 |
| Net change in cash and cash equivalents | 76,911 | (4,335,624) |
| Cash and cash equivalents, beginning of year | 379,978 | 4,431,745 |
| Cash and cash equivalents, end of period | $456,889 | $96,121 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for Interest | $536,338 | $206,456 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Notes payable and accrued interest converted to common stock (13,546,259 shares in 2024) | 3,356,138 | — |
| Creation of debt discounts from the issuance of equity instruments | 3,764,023 | 3,099,940 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.