Asset Entities Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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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, 2024 · Filed May 15, 2024
ASST$21.46+0.0%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
Condensed Statements of Cash Flows
| Three months ended | |||
|---|---|---|---|
| March 31, | |||
| 2024 · 2023 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(1,386,904) | $(1,071,251) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Stock based compensation | 326,871 | 200,210 | |
| Depreciation | 1,068 | - | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | - | (2,995) | |
| Prepaid expenses | (112,593) | (86,432) | |
| Accounts payable and accrued expenses | 130,337 | 131,125 | |
| Contract liabilities | (1,414) | (603) | |
| Net cash used in operating activities | (1,042,635) | (829,946) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of property and equipment | (11,902) | - | |
| Net cash used in investing activities | (11,902) | - | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Class B common stock subscription proceeds received, net | - | 6,615,120 | |
| Net cash provided by financing activities | - | 6,615,120 | |
| Net increase (decrease) in cash | (1,054,537) | 5,785,174 | |
| Cash at beginning of period | 2,924,323 | 137,177 | |
| Cash at end of period | $1,869,786 | $5,922,351 | |
| NON CASH INVESTING AND FINANCING ACTIVITIES | |||
| Conversion from Class A to Class B common stock | $85 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.