Expion Energy, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Mar 31, 2025
XPON$2.58+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Expion360 Inc.
Statements of Cash Flows
| For the Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(13,479,475) | $(7,456,274) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation | 173,973 | 205,723 |
| Amortization of convertible note costs | 667,144 | — |
| Loss on sale of property and equipment | 146,760 | 3,426 |
| Decrease in allowance for doubtful accounts | — | (18,804) |
| Stock-based settlement | 209,000 | 251,680 |
| Stock-based compensation | 616,632 | 560,365 |
| Decrease in right-of-use assets and lease liabilities | (67,778) | — |
| Increase in suspended liability | 4,985,948 | — |
| Changes in operating assets and liabilities: | ||
| (Increase) / Decrease in accounts receivable | (458,087) | 161,904 |
| (Increase) / Decrease in inventory | (1,006,071) | 704,746 |
| Increase in prepaid/in-transit inventory | (1,448,738) | (22,338) |
| Increase in prepaid expenses and other current assets | (47,043) | (17,626) |
| Decrease in deposits | 31,425 | 5,005 |
| Increase in accounts payable | 51,106 | 56,735 |
| Increase in customer deposits | 31,051 | 17,365 |
| Increase / (Decrease) in accrued expenses and other current liabilities | 21,819 | (13,649) |
| Increase in right-of-use assets and lease liabilities | 9,789 | 30,510 |
| Net cash used in operating activities | (9,562,545) | (5,531,232) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (19,203) | (20,170) |
| Net proceeds from sale of property and equipment | 132,611 | 36,748 |
| Net cash provided by investing activities | 113,408 | 16,578 |
| Cash flows from financing activities | ||
| Proceed from / (Principal payment on) convertible note | (2,750,000) | 2,420,025 |
| Principal payments on long-term debt | (119,111) | (161,194) |
| Principal payments on stockholder promissory notes | (762,500) | (62,500) |
| Proceeds from exercise of warrants | 185,434 | 49,800 |
| Settlement of fractional shares for cashless warrant exercise | — | (23) |
| Net proceeds from issuance of common stock | 9,510,181 | — |
| Net cash provided by financing activities | 6,064,004 | 2,246,108 |
| Net change in cash and cash equivalents | (3,385,133) | (3,268,546) |
| Cash and cash equivalents, beginning | 3,932,698 | 7,201,244 |
| Cash and cash equivalents, ending | 547,565 | 3,932,698 |
Statements of Cash Flows - Continued
| For the Years Ended December 31, | ||
|---|---|---|
| Supplemental disclosure of cash flow information: | 2024 | 2023 |
| Cash paid for interest | $220,714 | $121,894 |
| Cash paid / (received) for franchise taxes | $(258) | $1,853 |
| Non-cash financing activities: | ||
| Acquisition/modification of operating lease right-of-use asset and lease liability | $— | $(13,993) |
| Issuance of common stock for payment on accrued interest | $90,839 | $— |
| Issuance of common stock for payment on accrued compensation | $36,029 | $— |
| 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.