XMax Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.4M | $-5.6M | $-7.7M | $-17.1M | $-20.0M | $-26.1M | $-8.6M | $5.3M |
| Depreciation & Amortization | $9.9K | $60.9K | $55.4K | $88.3K | $78.7K | $61.9K | $36.5K | $37.7K |
| Depreciation | $6.8K | $55.5K | $68.4K | $63.2K | $73.3K | $61.9K | $36.5K | $37.7K |
| Amortization | $3.1K | $5.4K | $5.4K | $5.4K | — | — | $0 | $0 |
| Stock-Based Compensation | $3.4M | $746.5K | $499.6K | $573.9K | $130.1K | $157.4K | $369.2K | $1.2M |
| Net Cash from Operating Activities | $-445.8K | $-1.4M | $-1.6M | $-5.4M | $-4.8M | $-2.1M | $14.9M | $-6.9M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $14.1K | — | $8.8K | $110.5K | $365.0K | $25.9K | $27.5K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-22.8M | $-14.1K | $18.6K | $-8.8K | $-154.8K | $672.8K | $-25.9K | $-27.5K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | $0 | $616.2K | $0 |
| Net Cash from Financing Activities | $29.8M | $1.2M | — | — | $2.8M | $466.1K | $-6.9M | $2.1M |
| Net Change in Cash | $6.5M | $-207.2K | $-1.0M | $-4.9M | $-2.5M | $-140.6K | $8.0M | $-4.8M |
| Free Cash Flow | — | $-1.4M | — | $-5.4M | $-4.9M | $-2.4M | $14.9M | $-6.9M |