Expion360 Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 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 Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net loss | $(1,798,066) | $(13,227,828) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 91,642 | 139,876 |
| Amortization of convertible note costs | — | 667,144 |
| Loss on sale of property and equipment | 13,353 | 146,760 |
| Stock-based settlement | — | 209,000 |
| Stock-based compensation | 451,837 | 545,527 |
| Issuance of common stock in exchange for services | 348,250 | — |
| Non-cash expense in exchange for asset disposal | 21,420 | — |
| Decrease in right-of-use assets and lease liabilities | — | (67,777) |
| Increase in derivative liability | — | 5,886,823 |
| Decrease in suspended liability | (4,485,948) | — |
| Changes in operating assets and liabilities: | ||
| (Increase) / decrease in accounts receivable | 45,031 | (283,637) |
| Decrease in inventory | 1,199,802 | 460,100 |
| (Increase) / decrease in prepaid/in-transit inventory | 1,030,849 | (1,198,042) |
| Increase in prepaid expenses and other current assets | (248,991) | (89,027) |
| (Increase) / decrease in deposits | (4,545) | 31,425 |
| Increase in accounts payable | 184,703 | 47,646 |
| Increase / (decrease) in customer deposits | (41,958) | 23,826 |
| Increase / (decrease) in accrued expenses and other current liabilities | (33,038) | 48,851 |
| Increase in right-of-use assets and lease liabilities | 516 | 10,002 |
| Decrease in suspended liability | (500,000) | — |
| Net cash used in operating activities | (3,725,143) | (6,649,331) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | — | (10,550) |
| Net proceeds from sale of property and equipment | 4,250 | 132,611 |
| Net cash provided by investing activities | 4,250 | 122,061 |
| Cash flows from financing activities | ||
| Principal payments on convertible note | — | (2,750,000) |
| Principal payments on long-term debt | (24,595) | (109,352) |
| Principal payments on stockholder promissory notes | — | (762,500) |
| Net proceeds from exercise of warrants | 5,712,163 | 31,420 |
| Net proceeds from issuance of common stock | 1,779,557 | 9,510,181 |
| Net cash provided by financing activities | 7,467,125 | 5,919,749 |
| Net change in cash and cash equivalents | 3,746,232 | (607,521) |
| Cash and cash equivalents, beginning | 547,565 | 3,932,698 |
| Cash and cash equivalents, ending | $4,293,797 | $3,325,177 |
(continued on next page)
STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
| For the Nine Months Ended September 30, | ||
|---|---|---|
| Supplemental disclosure of cash flow information: | 2025 | 2024 |
| Cash paid for interest | $14,373 | $61,570 |
| Cash paid for franchise taxes | $150 | $— |
| Non-cash financing activities: | ||
| Acquisition / modification of operating lease right-of-use asset and lease liability | $198,216 | $— |
| Issuance of common stock for payment on accrued interest | $— | $90,839 |
| Issuance of common stock for payment on accrued compensation | $— | $36,029 |
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.