Alpha Cognition Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About 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

ACOG$8.56-0.7%Stored close · as of Nov 12, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

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**ALPHA COGNITION INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Year Ended December 31,
	2024	2023
Cash flows provided by (used in) operating activities
Net loss	$(14,636,865)	$(13,763,658)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	81,220	84,479
Accrued expenditures for government grant	(17,515)	(80,000)
Accrued interest	65,996	-
Accrued interest income, related party	2,550	(2,550)
Loss on derivative liabilities and conversion of convertible debt	3,164,707	4,085,284
Change in fair value of bonus rights liability	18,658	75,830
Debt issuance costs	459,360	-
Provision for loan losses	55,000	-
Impairment of intangible assets	39,166	-
Share-based compensation	979,799	2,369,585
Shares issued for services	2,273,949	-
Changes in non-cash operating working capital items:
Inventories	(615,133)	-
Prepaid expenses and other current assets	(671,718)	(117,271)
Accounts payable and accrued liabilities	1,045,172	(1,451,264)
Net cash used in operating activities	(7,755,654)	(8,799,565)
Cash flows used in investing activities
Acquisition of equipment	(26,701)	-
Net cash used in investing activities	(26,701)	-
Cash flows provided by (used in) financing activities
Units issued for cash	3,732,469	9,223,587
Shares issued for cash	52,808,915	-
Exercise of options	1,800	27,000
Exercise of warrants	300,000	-
Funds repaid on promissory notes	(300,000)	-
Proceeds received from restricted government grant	373,825	201,500
Amounts paid from restricted government grant funds	(446,366)	(111,087)
Issuance of related party note	-	(55,000)
Proceeds from issuance of convertible debentures	4,545,000	-
Debt issuance costs	(459,360)	-
Share issuance costs	(5,704,419)	(1,055,985)
Net cash provided by financing activities	54,851,864	8,230,015
Effect of foreign exchange on cash	-	(19,573)
Change in cash and cash equivalents during the year	47,069,509	(589,123)
Cash and cash equivalents, beginning of year	1,494,573	2,083,696
Cash and cash equivalents, end of year	$48,564,082	$1,494,573
Cash and cash equivalents consists of:
Demand deposits	$48,546,210	$1,404,160
Restricted cash	17,872	90,413
	$48,564,082	$1,494,573

The accompanying notes to the consolidated financial statements are an integral part of these statements.** **

**ALPHA COGNITION INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Year Ended December 31,
2024 · 2023
Supplemental Disclosure
Cash paid for interest		$37,754		$59,777
Supplemental non-cash disclosures
Reallocation of fair value of share options upon exercise		$126,382		$1,424,519
Reclassification of derivative liability for warrants priced with USD per change in functional currency	$	-		$351,969
Reclassification of derivative liability for warrants priced with CAD per change in functional currency	$	-		$4,541,545
Reclassification of derivative liability for warrants re-priced from CAD to USD exercise price		$4,292,797		$4,025,102
Common shares issued for share issuance costs		$928,874		$618,004
Warrants issued for share issuance costs		$3,073,338		$402,166
Common shares issued for services		$2,273,949	$	-

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