SPLASH BEVERAGE GROUP, INC.
For the period ended Sep 30, 2025. Filed Nov 19, 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.
Sep 30, 2025 · Filed Nov 19, 2025
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, 2025 and September 30, 2024
(Unaudited)
| 2025 | 2024 | |
|---|---|---|
| Net loss | $(22,029,577) | $(14,717,161) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 111,053 | 405,322 |
| Amortization of debt discount | 1,679,336 | 2,730,854 |
| ROU assets, net | (446) | (189) |
| Non-cash share-based compensation | 7,946,217 | 2,085,671 |
| Loss on extinguishment of debt | 5,560,482 | — |
| Changes in working capital items: | ||
| Accounts receivable, net | 257,351 | 295,326 |
| Inventory, net | 37,735 | 911,033 |
| Prepaid expenses and other current assets | (110,720) | (192,139) |
| Deposits | — | (403) |
| Accounts payable and accrued expenses | 1,513,807 | 1,425,794 |
| Accrued interest payable | 1,206,965 | 672,427 |
| Net cash used in operating activities | (3,828,797) | (6,383,464) |
| Cash flows from investing activities: | ||
| Capital expenditures | — | (3,235) |
| Net cash used in investing activities | — | (3,235) |
| Cash flows from financing activities: | ||
| Cash advance (repayment) from related party | — | 9,000 |
| Proceeds from issuance of debt | 3,736,210 | 7,919,000 |
| Proceeds from sale of preferred stock | 800,000 | — |
| Principal repayment of debt | (409,915) | (1,542,209) |
| Net cash provided by financing activities | 4,126,295 | 6,385,791 |
| Net cash effect of exchange rate changes on cash | (47,177) | 77,819 |
| Net change in cash and cash equivalents | 250,321 | 76,909 |
| Cash and cash equivalents, beginning of year | 15,346 | 379,978 |
| Cash and cash equivalents, end of period | $265,667 | $456,887 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for Interest | $132,777 | $479,463 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Notes payable and accrued interest converted to common stock (224,541 shares in 2025 & 171,536 shares in 2024,) | 1,879,138 | 1,769,656 |
| Non-cash debt discount in the form of issuance of equity instruments in conjunction with convertible notes | 192,252 | 2,815,743 |
| Series-B Convertible Preferred Stock Issued 126,557 Shares exchanged for $12,670,435 notes payable and accrued interest | $16,233,856 | — |
| Series-C Convertible Preferred Stock Issued 20,000 Shares exchanged for Water Rights | $20,000,000 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.