Serve Robotics Inc DE
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 13, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Equity (Deficit)
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)
For the Six Months Ended June 30, 2023
| Series SeedPreferred Stock · Series Seed-1Preferred Stock · Series Seed-2Preferred Stock · Series Seed-3Preferred Stock · Common Stock · AdditionalPaid-inCapital · SubscriptionReceivable · AccumulatedDeficit · TotalStockholders’Equity(Deficit) | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||||||||||||||
| Balances at December 31, 2022 | 3,091,672 | $309 | 2,440,411 | $244 | 2,088,696 | $209 | 357,836 | $36 | 6,826,352 | $683 | $31,232,737 | $(165,719) | $(43,520,645) | (12,452,146) | ||||||||||||||||
| Vested restricted stock purchased with recourse notes | - | - | - | - | - | - | - | - | 2,820 | - | 3,436 | (1,202) | - | 2,234 | ||||||||||||||||
| Restricted stock awards repurchased | - | - | - | - | - | - | - | - | (238,625) | (24) | 20 | - | - | (4) | ||||||||||||||||
| Stock-based compensation | - | - | - | - | - | - | - | - | - | - | 93,943 | - | - | 93,943 | ||||||||||||||||
| Net loss | - | - | - | - | - | - | - | - | - | - | - | - | (5,138,122) | (5,138,122) | ||||||||||||||||
| Balances at March 31, 2023 | 3,091,672 | $309 | 2,440,411 | $244 | 2,088,696 | $209 | 357,836 | $36 | 6,590,547 | $659 | $31,330,136 | $(166,921) | $(48,658,767) | $(17,494,095) | ||||||||||||||||
| Vested restricted stock purchased with recourse notes | - | $ | - | - | $ | - | - | $ | - | - | $ | - | 2,820 | $ | - | $3,433 | $(1,302) | $ | - | $2,131 | ||||||||||
| Restricted stock awards repurchased | - | $ | - | - | $ | - | - | $ | - | - | $ | - | (62,975) | $(6) | $6 | $ | - | $ | - | $ | - | |||||||||
| Stock-based compensation | - | $ | - | - | $ | - | - | $ | - | - | $ | - | - | $ | - | $106,929 | $ | - | $ | - | $106,929 | |||||||||
| Net loss | - | $ | - | - | $ | - | - | $ | - | - | $ | - | - | $ | - | $ | - | $ | - | $(4,966,256) | $(4,966,256) | |||||||||
| Balances at June 30, 2023 | 3,091,672 | $309 | 2,440,411 | $244 | 2,088,696 | $209 | 357,836 | $36 | 6,530,392 | $653 | $31,440,504 | $(168,223) | $(53,625,023) | $(22,351,291) | ||||||||||||||||
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)
For the Six Months Ended June 30, 2024
| Series SeedPreferred Stock · Series Seed-1Preferred Stock · Series Seed-2Preferred Stock · Series Seed-3Preferred Stock · Common Stock · AdditionalPaid-inCapital · SubscriptionReceivable · AccumulatedDeficit · TotalStockholders’Equity(Deficit) | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||||||||||||
| Balances at December 31, 2023 | - | $ | - | - | $ | - | - | $ | - | - | $ | - | 24,508,795 | $2,450 | $64,468,141 | $(169,616) | $(68,334,381) | $(4,033,406) | ||||||||
| Exercise of warrants | - | - | - | - | - | - | - | - | 125,000 | 12 | 5,820 | - | - | 5,832 | ||||||||||||
| Interest on recourse loan | - | - | - | - | - | - | - | - | - | - | - | 3,987 | - | 3,987 | ||||||||||||
| Stock-based compensation | - | - | - | - | - | - | - | - | - | - | 4,255,432 | - | - | 4,255,432 | ||||||||||||
| Net loss | - | - | - | - | - | - | - | - | - | - | - | - | (9,037,971) | (9,037,971) | ||||||||||||
| Balances at March 31, 2024 | - | $ | - | - | $ | - | - | $ | - | - | $ | - | 24,633,795 | $2,462 | $68,729,393 | $(165,629) | $(77,372,352) | $(8,806,126) | ||||||||
| Issuance of common stock pursuant to offering | - | - | - | - | - | - | - | - | 10,000,000 | 1,000 | 39,999,000 | - | - | 40,000,000 | ||||||||||||
| Offering costs | - | - | - | - | - | - | - | - | - | - | (4,150,864) | - | - | (4,150,864) | ||||||||||||
| Conversion of convertible note and derivative liability into common stock | - | - | - | - | - | - | - | - | 2,104,562 | 210 | 6,803,390 | - | - | 6,803,600 | ||||||||||||
| Exercise of warrants | - | - | - | - | - | - | - | - | 18,341 | 2 | 73 | - | - | 75 | ||||||||||||
| Exercise of options | - | - | - | - | - | - | - | - | 17,936 | 1 | 8,756 | - | - | 8,757 | ||||||||||||
| Restricted Stock Awards Repurchased | - | - | - | - | - | - | - | - | (245,060) | (24) | 24 | - | - | - | ||||||||||||
| Interest and forgiveness on recourse loans | - | - | - | - | - | - | - | - | - | - | - | 165,629 | - | 165,629 | ||||||||||||
| Stock-based compensation | - | - | - | - | - | - | - | - | - | - | 3,480,037 | - | - | 3,480,037 | ||||||||||||
| Net loss | - | - | - | - | - | - | - | - | - | - | - | - | (9,037,367) | (9,037,367) | ||||||||||||
| Balances at June 30, 2024 | - | $ | - | - | $ | - | - | $ | - | - | $ | - | 36,529,574 | $3,651 | $114,869,809 | $ | - | $(86,409,719) | $28,463,741 | |||||||
See accompanying notes to the unaudited condensed consolidated financial statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.