BOXL Stock Cash Flow Statements

Boxlight Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Boxlight Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2024-09-30	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

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