Serve Robotics Inc. /DE/
For the period ended Mar 31, 2025. Filed May 8, 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.
Mar 31, 2025 · Filed May 8, 2025
SERV$3.11-8.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash flows from operating activities: | ||||
| Net loss | $(13,216,292) | $(9,037,971) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 474,632 | 17,923 | ||
| Stock-based compensation | 3,879,367 | 4,255,432 | ||
| Amortization of debt discount | - | 1,212,836 | ||
| Interest on recourse loan | - | 3,987 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (294,650) | (263,075) | ||
| Inventory | - | 37,814 | ||
| Prepaid expenses | 284,565 | 47,359 | ||
| Other receivables | (526,071) | - | ||
| Accounts payable | (266,683) | (325,541) | ||
| Accrued liabilities | 235,828 | (82,168) | ||
| Deferred revenue | (20,097) | 68,899 | ||
| Operating lease liabilities, net | (13,413) | (13,875) | ||
| Net cash used in operating activities | (9,462,814) | (4,078,380) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (3,460,913) | (3,340) | ||
| Other investing activities | 160,830 | - | ||
| Net cash used in investing activities | (3,300,083) | (3,340) | ||
| Cash flows from financing activities: | ||||
| Proceeds from issuance of common stock, net of offering costs | 75,846,941 | - | ||
| Proceeds from short-swing profit disgorgement | 47,970 | - | ||
| Proceeds from exercise of warrants | 11,787,204 | 5,832 | ||
| Proceeds from convertible notes payable, net of offering costs | - | 4,844,625 | ||
| Proceeds from exercise of options | 137,564 | - | ||
| Repayments of note payable | - | (250,000) | ||
| Repayments of notes payable, related party | - | (70,000) | ||
| Repayment of financing lease liability | (564,383) | (28,011) | ||
| Net cash provided by financing activities | 87,255,296 | 4,502,446 | ||
| Net change in cash and cash equivalents | 74,492,399 | 420,726 | ||
| Cash and cash equivalents at beginning of period | 123,266,437 | 6,756 | ||
| Cash and cash equivalents at end of period | $197,758,836 | $427,482 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | $36,259 | $35,892 | ||
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Deferred offering costs included in accrued liabilities | $ | - | $973,491 | |
| Purchases of property and equipment, accrued but not paid | $912,226 | $ | - | |
See accompanying notes to the unaudited condensed consolidated financial statements
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