Expion Energy, Inc.
For the period ended Mar 31, 2025. Filed May 15, 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 15, 2025
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 (UNAUDITED)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(1,151,998) | $(2,192,940) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation | 34,028 | 49,444 |
| Amortization of convertible note costs | — | 166,786 |
| (Gain) / Loss on sale of property and equipment | (1,625) | 306 |
| Stock-based compensation | 50,721 | 315,853 |
| Changes in operating assets and liabilities: | ||
| (Increase) / Decrease in accounts receivable | 20,397 | (83,986) |
| (Increase) / Decrease in inventory | (1,204,572) | 44,773 |
| Decrease in prepaid/in-transit inventory | 1,463,145 | 45,137 |
| (Increase) / Decrease in prepaid expenses and other current assets | 28,088 | (43,753) |
| Decrease in deposits | 2,000 | — |
| Increase / (Decrease) in accounts payable | 29,366 | (4,565) |
| Decrease in customer deposits | (6,554) | (6,497) |
| Increase in accrued expenses and other current liabilities | 9,410 | 33,669 |
| Increase / (Decrease) in right-of-use assets and lease liabilities | (1,340) | 3,855 |
| Decrease in suspended liability | (500,000) | — |
| Net cash used in operating activities | (1,228,934) | (1,671,918) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | — | (10,550) |
| Net proceeds from sale of property and equipment | 2,750 | 87,684 |
| Net cash provided by investing activities | 2,750 | 77,134 |
| Cash flows from financing activities | ||
| Principal payments on convertible note | — | (43,575) |
| Principal payments on long-term debt | (8,331) | (93,855) |
| Principal payments on stockholder promissory notes | — | (62,500) |
| Net proceeds from exercise of warrants | — | (4) |
| Net proceeds from issuance of common stock | 1,779,557 | 125,153 |
| Net cash provided by / (used in) financing activities | 1,771,226 | (74,781) |
| Net change in cash and cash equivalents | 545,042 | (1,669,565) |
| Cash and cash equivalents, beginning | 547,565 | 3,932,698 |
| Cash and cash equivalents, ending | 1,092,607 | 2,263,133 |
(continued on next page)
STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
| For the Three Months Ended March 31, | ||
|---|---|---|
| Supplemental disclosure of cash flow information: | 2025 | 2024 |
| Cash paid for interest | $6,001 | $12,748 |
| Cash paid for franchise taxes | $— | $— |
| Non-cash financing activities: | ||
| Issuance of common stock for payment on accrued interest | $— | $41,250 |
| Issuance of common stock for payment on accrued compensation | $— | $36,029 |
| Issuance of common stock in exchange for short-term loan costs | $— | $63 |
EXPION360, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.