Expion360 Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
XPON$2.58+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
Expion360 Inc.
Statements of Cash Flows
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(7,456,274) | $(7,536,540) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation | 205,723 | 164,767 |
| Amortization of debt discount (sale of future revenues) | — | 295 |
| Amortization of debt discount - notes | — | 1,196,843 |
| (Gain) / Loss on sale of property and equipment | 3,426 | (13,312) |
| Increase / (Decrease) in allowance for doubtful accounts | (18,804) | 18,804 |
| Stock-based settlement | 251,680 | |
| Stock-based compensation | 560,365 | 2,114,529 |
| Changes in operating assets and liabilities: | ||
| Decrease in accounts receivable | 161,904 | 458,322 |
| (Increase) / Decrease in inventory | 704,746 | (2,478,256) |
| (Increase) / Decrease in prepaid/in-transit inventory | (22,338) | 939,614 |
| (Increase) in prepaid expenses and other current assets | (17,626) | (100,088) |
| Decrease in deposits | 5,005 | — |
| Increase / (Decrease) in accounts payable | 56,735 | (3,792) |
| Increase / (Decrease) in customer deposits | 17,365 | (436,590) |
| Increase / (Decrease) in accrued expenses and other current liabilities | (13,649) | 165,546 |
| Increase in right-of-use assets and lease liabilities | 30,510 | 41,286 |
| Net cash used in operating activities | (5,531,232) | (5,468,572) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (20,170) | (567,370) |
| Net proceeds from sale of property and equipment | 36,748 | 51,678 |
| Net cash provided by / (used in) investing activities | 16,578 | (515,692) |
| Cash flows from financing activities | ||
| Proceeds from / (payments on) line of credit and short-term revolving loans | — | (550,000) |
| Convertible note | 2,420,025 | — |
| Principal payments on long-term debt | (161,194) | (1,798,420) |
| Principal payments on stockholder promissory notes | (62,500) | — |
| Payments on liability for sale of future revenues | — | (11,797) |
| Proceeds from exercise of warrants | 49,800 | — |
| Settlement of fractional shares of cashless warrant exercise | (23) | — |
| Net proceeds from issuance of common stock | — | 14,772,487 |
| Net cash provided by financing activities | 2,246,108 | 12,412,270 |
| Net change in cash and cash equivalents | (3,268,546) | 6,428,006 |
| Cash and cash equivalents, beginning | 7,201,244 | 773,238 |
| Cash and cash equivalents, ending | 3,932,698 | 7,201,244 |
Statements of Cash Flows - Continued
| For the Years Ended December 31, | ||
|---|---|---|
| Supplemental disclosure of cash flow information: | 2023 | 2022 |
| Cash paid for interest | $121,894 | $435,152 |
| Cash paid for franchise taxes | $1,853 | $300 |
| Non-cash financing activities: | ||
| Acquisition/modification of operating lease right-of-use asset and lease liability | $(13,993) | $2,348,509 |
| Purchases of property and equipment in exchange for long-term debt | $— | $181,430 |
| Purchases of property and equipment in exchange for short-term payable | $— | $170,863 |
| Settlement of RSUs with common stock | $12 | $— |
| Issuance of common stock in exchange for short-term loan costs | $(337,169) | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.