Newsmax 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
NMAX$7.55-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ended December 31,
| 2024 · 2023 | |||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net loss | $(72,171,928) | $(41,777,166) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 6,172,395 | 3,673,715 | |
| Asset impairment | - | 23,928,359 | |
| Warrant liability | 6,499,821 | ||
| Derivative liability | 2,380,393 | ||
| Bad debts | 259,269 | 2,554,615 | |
| Unrealized loss (gain) on marketable securities | 290,081 | (46,318) | |
| Non-cash lease expense | 3,453,550 | 3,289,699 | |
| Changes in operating assets and liabilities: | |||
| (Increase) decrease in assets: | |||
| Accounts receivable | (6,553,234) | (5,789,539) | |
| Inventory | 2,042,009 | (873) | |
| Prepaid distribution | 543,027 | 4,347,012 | |
| Prepaid expenses | (4,060,402) | 1,757,481 | |
| Other asset | - | (41,250,000) | |
| Security deposits | 176,452 | 5,000 | |
| Increase (decrease) in liabilities: | |||
| Accounts payable | (5,087,528) | 4,495,074 | |
| Accrued expenses | 7,400,084 | 1,159,179 | |
| Lease liabilities | (3,686,910) | (3,442,868) | |
| Settlement liability | 15,139,668 | 39,437,538 | |
| Deferred revenue | (1,484,180) | 3,827,588 | |
| Net cash used in operating activities | (48,687,432) | (3,831,504) | |
| Cash flows from investing activities: | |||
| Purchase of investments | (57,432,300) | - | |
| Sale of investments | - | 6,312,221 | |
| Purchase of property and equipment | (996,291) | (916,994) | |
| Net cash (used in) provided by investing activities | (58,428,592) | 5,395,227 | |
| Cash flows from financing activities: | |||
| Proceeds from issuance of convertible preferred stock | 125,821,070 | - | |
| Payment of line of credit | (500,000) | - | |
| Proceeds from line of credit | - | 500,000 | |
| Principal payment under finance lease obligation | (189,370) | (72,557) | |
| Net cash provided by financing activities | 125,131,700 | 427,443 | |
| Net change in cash | 18,015,676 | 1,991,166 | |
| Cash and cash equivalents – beginning | 6,037,211 | 4,046,045 | |
| Cash and cash equivalents – ending | $24,052,887 | $6,037,211 | |
| Supplemental disclosures of cash flow information: | |||
| Operating lease assets obtained in exchange for operating lease liabilities | $38,955 | $132,978 | |
| Interest paid | $42,300 | $24,964 | |
| Non-cash transactions: | |||
| Property and equipment acquired through accounts payable: | $151,415 | $73,531 | |
| Non-cash financing activities: | |||
| Issuance of warrants resulting in recognition of warrant liabilities | $6,373,757 | $ | - |
| Issuance of warrants in connection with the issuance of convertible stock | $1,738,886 | $ | - |
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