Solesence, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.8M | $4.2M | $-4.4M | $-2.6M | $2.3M | $989.0K | $-3.0M | $-2.1M |
| Depreciation & Amortization | $897.0K | $928.0K | $742.0K | $567.0K | $454.0K | $358.0K | $315.0K | $322.0K |
| Depreciation | $888.0K | $918.0K | $918.0K | $557.0K | $444.0K | $348 | $305.0K | $305.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $575.0K | $725.0K | $773.0K | $625.0K | $160.0K | $195.0K | $242.0K | $204.0K |
| Net Cash from Operating Activities | $-8.6M | $2.0M | $-2.0M | $-1.7M | $2.3M | $-2.1M | $-2.8M | $-1.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $4.6M | $1.1M | $2.8M | $1.9M | $878.0K | $740.0K | $160.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.1M | $-4.6M | $-1.1M | $-2.8M | $-1.9M | $-878.0K | $-740.0K | $-160.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $10.6M | $2.3M | $2.6M | $6.0M | $-747.0K | $2.7M | $3.4M | $892.0K |
| Net Change in Cash | $-121.0K | $-313.0K | $-464.0K | $1.5M | $-300.0K | $-237.0K | $-151.0K | $-610.0K |
| Free Cash Flow | — | $-2.6M | $-3.1M | $-4.5M | $447.0K | $-2.9M | $-3.5M | $-1.5M |
All I want to know is where I'm going to die so I'll never go there.