7Baggers
Quarterly
Annual
    Unit: USD2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 
      
    		                        
      cash flows from operating activities:
    		                        
      net income
    		-3,061,000 -1,478,000 -7,089,000 -17,671,000 -17,750,000 -811,000 -2,924,000 -3,741,275 3,104 27 -4,856 6,646,198 728,000 -2,219,000 -5,169,000 7,570,371 -4,210,904 -1,425,996 -1,949,623 -3,257,957 -294,496 -1,162,602 -4,687,023 -594,462 
      adjustments to reconcile net income to net cash from operating activities:
    		                        
      amortization of debt premium, discount and issuance cost
    		631,000 583,000 592,000                      
      benefit from credit losses
    		52,000 -13,000 129,000                      
      paid-in-kind accrual on short-term debt
    		                        
      changes in deferred tax assets and liabilities
    		0 -1,000 -323,000 -1,254,000 1,000 1,027,000 -121,000 -3,775,346 65 -342 -377              
      change in allowance for sales returns and volume rebates
    		-1,009,000 -636,000 -175,000  204,000                  -377,232  
      change in inventory reserve
    		32,000 -8,000 86,000 1,455,000 -546,000 928,000 294,000 -68,634 -115 672 77 -55,750 89,000 41,000 -74,000 -35,339 56,594 22,600 -43,700 68,573 -173,721 56,558 35,168 58,292 
      change in fair value of derivative liabilities
    		-6,000 -4,000 -192,000  -90,000          265,000          
      stock compensation expense
    		441,000 243,000 549,000 1,308,000 671,000 511,000 641,000 3,310,335 603 927 1,135 -3,015,940 1,161,000 1,182,000 677,000 -864,262 345,826 248,864 271,200 242,059 574,328 159,742 161,446 417,411 
      depreciation and amortization
    		2,075,000 2,043,000 2,069,000 1,966,000 2,332,000 2,298,000 2,263,000 9,122,182 2,231 2,266 2,321 -5,256,825 1,697,000 1,813,000 1,754,000 -755,571 318,355 220,374 219,450 219,942 221,634 221,262 246,147 255,308 
      impairment of goodwill
    		   11,969,000                     
      change in right of use assets and lease liabilities
    		166,000 163,000 1,000 0                     
      changes in operating assets and liabilities:
    		                        
      accounts receivable – trade
    		5,338,000 -1,949,000 2,947,000 11,125,000 -3,391,000 -4,578,000 -2,375,000 -3,773,760 -12,401 -13,043 -796 26,651,573 -12,098,000 -13,305,000 -1,255,000 1,442,170 273,659 -1,127,803 -588,238 4,753,430 -1,062,937 -5,412,725 1,864,532 2,985,360 
      inventories
    		-3,316,000 1,344,000 4,735,000 -683,000 -6,288,000 6,505,000 13,571,000 -10,267,278 -6,732 520 1,490 10,063,002 -10,121,000 1,564,000 -1,527,000 996,597 -1,503,726 30,007 477,917 31,030 4,851 296,591 962,894 -362,936 
      prepaid expenses and other current assets
    		1,677,000 -1,600,000 -1,086,000    122,000    1,558 8,216,530 -937,000 -8,082,000 800,000 -226,004 1,631,037 -1,993,419 586,392 -163,527 -106,447 -533,163 356,544 458,125 
      other assets
    		-577,000 24,000 22,000 -48,000   -229,000 -160,668   -185 155,842 -73,000 -53,000 -30,000 14,447 -8,307 -2,678 -3,456 -16,125     
      accounts payable and accrued expenses
    		2,620,000 -2,308,000 -8,103,000 -3,850,000 15,230,000 -2,357,000 -13,845,000 5,734,408 18,623 9,879 -6,910 -17,846,950 6,915,000 11,483,000 -533,000 1,325,682 -1,127,596 -1,026,274 830,364 38,367 -31,237 2,207,847 641,129 -985,988 
      other liabilities
    		66,000 -1,758,000 3,791,000     -310,263 -1,746 6 3 9,991 -15,000 0 4,000 11,060 -3,383 -3,383 -4,307      
      deferred revenues
    		-149,000 -12,000 105,000 612,000 391,000 -542,000 -171,000 3,960,430 1,988 1,346 1,236 -3,870,682 1,340,000 1,124,000 1,411,000 274,406 355,462 -565,345 -61,676 841,815 -40,473 -96,370 -527,506 -4,839,949 
      net cash from operating activities
    		5,220,000 -5,367,000 -1,942,000 3,339,000 8,232,000 1,913,000 -1,903,000 1,189,500 7,376 -1,453 -5,423 13,079,670 -8,512,000 -3,013,000 -1,557,000 7,013,018    2,017,103 -2,277,662 -4,567,638 564,744 12,063 
      capex
    		132,000 -17,000 -394,000 -1,095,000 -126,000 -19,000 -81,000 0 0 -133 -526 138,715 -91,000 -2,000 -46,000 0    0 0 0 0 0 
      free cash flows
    		5,352,000 -5,384,000 -2,336,000 2,244,000 8,106,000 1,894,000 -1,984,000 1,189,500 7,376 -1,586 -5,949 13,218,385 -8,603,000 -3,015,000 -1,603,000 7,013,018    2,017,103 -2,277,662 -4,567,638 564,744 12,063 
      cash flows from investing activities:
    		                        
      purchases of furniture and fixtures
    		132,000 -17,000 -394,000 -1,095,000 -126,000 -19,000 -81,000   -133 -526 138,715 -91,000 -2,000 -46,000          
      net cash from investing activities
    		132,000 -17,000 -394,000 -1,095,000 -126,000 -19,000 -81,000 -1,204,940 -401 -133 -526 908,992 -91,000       -1 -3,611 0 10,261 0 
      cash flows from financing activities:
    		                        
      proceeds from short-term debt
    		2,000,000           -43,214,775 25,919,000 9,007,000 8,343,000 -5,656,774 -3 2,850,224 2,816,620 750,109 12,348,843 4,869,080 4,806,787 6,363,628 
      principal payments on short-term debt
    		          -625 35,420,088 -18,070,000 -8,043,000 -9,374,000 8,944,546 -2,256,041 -3,605,393 -3,091,720 -3,701,544 -10,172,581 -4,092,192 -5,361,951 -7,049,179 
      principal payments on long term debt
    		  -2,307,000                      
      payments of fixed dividends to series b preferred stockholders
    		-635,000 0 -317,000 -317,000 -317,000 -318,000 -317,000 -1,268,048 -321 -314 -317    -13,000          
      proceeds from the exercise of options and warrants
    		                        
      net cash from financing activities
    		-2,963,000 1,211,000 -2,624,000 -5,024,000 -3,987,000 1,987,000 -987,000 -5,130,440 3,819   -7,123,852 7,304,000 608,000 -747,000 -60,664,371 49,348,956 10,947,343 433,650 -1,745,497 2,153,692 2,772,443 1,279,306 -685,551 
      effect of foreign currency exchange rates
    		590,000 -125,000 -481,000 1,619,000 -1,293,000 433,000 -346,000 1,794,866 -462 408 188 376,668 86,000 497,000 -960,000  -114,300 -4,897 -103,427  -11,563 22,961 -38,147  
      net increase in cash and cash equivalents
    		2,979,000   -1,161,000 2,826,000   -3,351,014    7,241,478 -1,214,000   -8,424,386 3,476,614     -1,772,234 1,816,164  
      cash and cash equivalents, beginning of the period
    		0 0 17,253,000 0 0 0 14,591,000 17,920,062 0 0 17,938 -13,446,540 0 0 13,460,000  0 0 1,172,994  0 0 901,459  
      cash and cash equivalents, end of the period
    		2,979,000 -4,298,000 11,812,000 -1,161,000 2,826,000 4,314,000 11,274,000 14,569,048 10,332 355 11,265 -6,205,062 -1,214,000 -2,565,000 10,002,000  3,476,614 5,520,117 612,936  -139,144 -1,772,234 2,717,623  
      supplemental cash flow disclosures:
    		                        
      cash paid for income taxes
    		246,000 2,195,000 101,000 41,000 1,758,000 840,000 52,000 1,613,385 1,400 65 150 -1,456,524 427,000 852,000 179,000          
      cash paid for interest
    		1,799,000 1,847,000 1,806,000 1,900,000 2,340,000 2,075,000 1,975,000 8,334,654 3,615 2,013 1,718 -2,128,503 762,000 599,000 769,000 -1,361,531 476,801 546,733 340,313 611,909 416,064 469,068 275,676 291,558 
      non-cash investing and financing transactions:
    		                        
      addition of operating lease liabilities
    		408,000 125,000 52,000 496,000                     
      adjustments to reconcile net income to net cash from (used) in operating activities:
    		                        
      principal payments on debt
    		     -708,000 -670,000 -11,139,122 -573                
      cash dividends declared to series b preferred stockholders
    		                        
      net decrease in cash and cash equivalents
    		  -5,441,000    -3,317,000   355 -6,673    -3,458,000    -560,058      
      amortization of debt discount and issuance cost
    		     475,000 456,000 2,156,355 548 1,061 36 -1,470,868 412,000 517,000 544,000          
      bad debt expense
    		   206,000 -71,000 -116,000 -10,000 265,991 1 -1 9    -66,000 -167,832 74,708 102,001 -8,711 160,504 -26,652 63,873 -116,007 22,414 
      gain on settlement of liabilities
    		             532,000 1,846,000 -577,344 1,718,290 -53,074 -1,086,509      
      change in allowance for sales returns and volume rebate
    		      90,000 315,569 240 369 -178 -540,855 215,000 177,000 150,000 91,272 -22,069 -70,791 1,661 -163,885 65,923    
      change in fair value of derivative liability
    		      224,000 -2,589,463 113 -1,660 10 -164,013 -61,000    193,640 74,363 -28,663  -1,372,177 -263,260 2,162,495  
      other short-term liabilities
    		          304 -2,232,656 1,750,000 480,000 3,000 -801,592 803,355 -24,080 23,223 -46,479 40,707 17,870 14,191  
      asset acquisition
    		                        
      net proceeds from issuance of common stock and warrants, net of issuance costs
    		       4,695,300                 
      proceeds from issuances of short-term debt
    		                        
      proceeds from exercise of options and warrants
    		                        
      principal payments on long-term debt
    		                        
      proceeds from long term debt
    		                        
      proceeds from issuance of common stock
    		                       0 
      shares issued for asset acquisition
    		       149,850                 
      description
    		                        
      derivative liabilities - warrant instruments
    		                        
      prepaid expenses and other assets
    		    2,240,000    1,108                
      proceeds from long-term debt
    		                        
      principal payments on short term debt
    		                        
      ​
    		                        
      addition of right of use assets
    		     17,000 26,000                  
      change in debt issuance costs
    		                        
      (gain) loss on settlement of liabilities
    		       -855,144 0                
      shares issued for interest payment on notes payable
    		           -511,383 139,000 169,000 204,000 -246,240 99,555 104,814 42,370      
      cash paid to settle earnout obligations
    		           118,881             
      discount on notes payable
    		                      -200,000  
      debt issuance costs
    		           66,676     -420,000 0 -41,250  0 -4,470 -165,530  
      other share based payments
    		                        
      shares issued to settle accounts payable
    		           -1,624,374 0 -1,000 1,627,000          
      shares issued for closing fees related to outstanding notes payable – lind global
    		                        
      exercise of warrants
    		           -202,650 152,000            
      deemed contribution from series b preferred stock
    		                        
      non-cash lease expense
    		                        
      business acquisitions
    		           651,396 0            
      purchases of property and equipment
    		                        
      deemed contribution - series b preferred
    		            0            
      deferred consideration for acquisition
    		                        
      shares issued to convert notes payable and accrued interest
    		                        
      settlement of earnout obligations
    		                        
      shares issued for acquisition
    		           -402,597             
      declared but unpaid fixed dividends on series b preferred stock
    		              317,000          
      change in debt issuance cost
    		                        
      loss on settlement of liabilities
    		           -2,988,655             
      forgiveness of ppp debt
    		                        
      operating lease liability and right of use asset
    		                        
      warranty liability
    		          -6 87,898 -1,000            
      accounts payable and accrued expenses - related parties
    		             0 16,000  -170,502 -80,063 270,045  -283,293 -573,320 -42,439  
      net cash used by financing activities
    		          -912              
      shares issued to convert notes payable – lind global
    		               -6,316,005 4,033,869 1,158,854 1,133,515      
      bad debt (recovery) expense
    		           114,425 81,000            
      other share-based payments
    		               -7,993 0 0 8,000 11,999 12,001 12,000 12,000  
      proceeds from convertible debt
    		                        
      proceeds from the paycheck protection plan program loan
    		                        
      preferred shares issued as consideration for acquisition of sahara
    		               -29,266,208         
      note payable issued as consideration for acquisition of mystemkits
    		                        
      adjustments to reconcile net income to net cash (used) in operating activities:
    		                        
      change in deferred tax assets and liabilities
    		            -331,000 1,740,000 -497,000          
      cash paid for patents
    		                        
      net proceeds from issuance of common stock
    		                32,025,000        
      proceeds from payment protection plan loan
    		                0        
      payment on fixed dividends of class b preferred stock
    		                        
      shares issued for conversion of notes payable and accrued interest
    		            3,914,000 3,839,000 6,033,000          
      shares issued for closing fees related to outstanding notes payable
    		                437,663 30,358 49,013    199,509  
      preferred share issued as consideration for acquisition of sahara
    		                        
      notes payable issued as consideration for acquisition of mystemkit
    		                0        
      change in fair value of earn-out payable
    		                -3,240 39,075 -35,523      
      settlement of earn out obligations
    		                        
      proceeds from the exercise of stock options and warrants
    		             -52,000 297,000          
      payments of fixed dividends - series b preferred
    		                        
      shares issued for interactive concepts acquisition
    		                        
      declared but unpaid fixed dividends - series b preferred
    		                        
      deferred consideration for interactive acquisition
    		             -956,000 1,493,000          
      7
    		                        
      adjustments to reconcile net income to net cash (used) provided in operating activities:
    		                        
      warranty
    		              -80,000          
      acquisition of interactive concepts
    		              -148,000          
      net used in investing activities
    		              -194,000          
      non-cash investment and financing transactions:
    		                        
      amortization of debt discount and debt issuance cost
    		                        
      warranty reserve
    		               -4,372 14,510 -28,735 18,673 -260,548 127,042    
      accounts payable and accrued expenses – related parties
    		                        
      cash receipts from acquisitions
    		               -6,044,180 6,049,483    0 0 10,261  
      cash paid for acquisitions
    		                        
      cash paid for furniture and fixtures
    		                   -1     
      net cash (used in), provided by investing activities
    		                        
      proceeds from subscriptions receivable
    		                        
      payment of earn-out payable – related party
    		                        
      debt issuance cost
    		                        
      proceeds from the payment protection plan
    		                        
      effect of currency exchange rates
    		                        
      cash and cash equivalents, beginning of the year
    		                        
      cash and cash equivalents, end of the year
    		                        
      supplemental cash flows disclosures:
    		                        
      non-cash investing and financing activities:
    		                        
      shares to settle accounts payable
    		                        
      shares issued to convert notes payable – harbor gates
    		                        
      shares and notes payable issued as consideration for acquisition of modern robotics, inc. net of cash received
    		                   0 0    
      shares issued to convert preferred stock
    		                   -5     
      amortization of debt discount
    		                360,411 236,467 170,830 285,111 67,287 138,609 4,839 0 
      cash paid related to acquisitions
    		                        
      net cash (used) provided by investing activities
    		                -44,953,717        
      proceeds from subscription receivable
    		                    0    
      proceeds from convertible notes payable
    		                20,000,000 0 750,000 1,250,000 0 1,800,000 2,200,000  
      other
    		                        
      shares issued to convert accounts payable
    		                0 702,608 566,667      
      net cash (used) in operating activities
    		                        
      cash paid related to acquisition
    		                        
      net cash (used) provided in operating activities
    		                  -890,281      
      gain on settlement of derivative liabilities
    		                       0 
      cash receipts from acquisition
    		                        
      proceeds from issuance of common stock upon exercise of options
    		                       0 
      payment and change in valuation of earn-out payable – related party
    		                        
      shares issued as consideration for acquisition of cohuba
    		                        
      shares issued, note payable and earnout out liability as consideration for acquisition of qwizdom
    		                        
      shares issued as consideration for acquisition of eos
    		                        
      settlement of related party derivative
    		                        
      gain on debt conversion
    		                        
      gain on settlement of accounts payable
    		                       0 
      deferred charges
    		                        
      exercise of options
    		                        
      conversion of notes payable
    		                    0 0 382,525  
      shares issued as consideration for the acquisition of cohuborate
    		                        
      shares, notes payable and earn-out liability issued as consideration the acquisition of qwizdom
    		                        
      shares issued as consideration for the acquisition of eos
    		                        
      additional contribution from settlement of related party derivative liability
    		                        
      issuance of class a common shares to settle accounts payable
    		                        
      shares issue for closing fees related to outstanding notes payable
    		                        
      gain on settlements of liabilities
    		                      -146,434  
      shares and notes payable issued as consideration for acquisition of modern robotics, inc net of cash received
    		                      559,739  
      loss on disposal of other assets
    		                        
      gain on settlement of debt
    		                        
      cash paid for acquisition
    		                        
      payment made for purchase of intangible assets
    		                        
      proceeds from short-term debt – related parties
    		                        
      principal payments on short-term debt-related party
    		                        
      principal payments on convertible debt – related party
    		                        
      distributions to the member of mimio
    		                        
      issuance of series a preferred stock for the acquisition of genesis
    		                        
      derivative liabilities from issuance of warrants
    		                        
      conversion of series b and c preferred stock to common stock upon ipo
    		                        
      conversion of convertible note payable – related parties to common stock
    		                        
      settlement of short-term debt through issuance of common stock
    		                        
      settlement of accounts payable through issuance of common stock
    		                        
      settlement of trademark liability at ipo date
    		                        
      other share- based payments
    		                        
      write-off of equipment
    		                        
      accrued interest on long-term debt – related parties
    		                        
      proceeds from convertible note payable
    		                        
      shares issued, note payable and earn-out liability as consideration for the acquisition of qwizdom
    		                        
      additional contribution from settlement of related-party derivative liability
    		                        
      issuance of class a common shares to settle accounts payable – related parties
    		                        
      issuance of class a common shares to settle long-term convertible notes payable– related parties
    		                        
      debt extension fees through increased principal for skyview note
    		                        
      cash acquired through the acquisition of boxlight group and mimio
    		                        
      proceeds from sale of property and equipment and other assets
    		                        
      proceeds from issuance of common stock at ipo
    		                        
      decrease in additional paid-in capital due to the acquisitions of mimio and genesis under common control
    		                        
      intangibles and goodwill acquired through acquisitions of mimio and boxlight group
    		                        
      issuance of note payable and long-term convertible note payable to acquire mimio
    		                        
      issuance of series b preferred stock for the acquisition of genesis
    		                        
      issuance of series c preferred stock for the acquisition of boxlight group
    		                        
      issuance of note payable to settle accounts payable
    		                        
      forgiveness of short-term debt – related parties
    		                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.