7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 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 
      
    		                
      cash flows from operating activities
    		                
      net income
    		-46,866,000 -64,686,000 -48,784,000 -40,696,000 -35,788,000 -36,388,000 -25,296,000 -39,266,146 -31,209,846 -31,410,026 -25,771,982 -20,054,063 -132,693,936 -26,679,139 5,396,780 -3,400,064 
      adjustments to reconcile net income to net cash used by operating activities
    		                
      depreciation and amortization
    		353,000 107,000 82,000  67,000 58,000 51,000          
      non-cash lease expenses
    		132,000 165,000 172,000 154,000 279,000 33,000 54,000 29,234 21,056 24,249 9,461      
      unrealized gain on exchange rate changes
    		1,063,000                
      share-based compensation
    		86,000 2,137,000 1,002,000 929,000 1,044,000 600,000 1,126,000 -28,330 1,515,208        
      change in fair value of derivative financial instruments
    		-6,441,000 9,471,000 -3,315,000 5,415,000 -3,990,000 -2,067,000 -6,341,000 570,500 853,575        
      changes in operating assets and liabilities
    		                
      accrued interest on financial investments
    		-24,000 -1,108,000 -84,000 1,246,000 -3,024,000 -519,000 -1,497,000 6,230,936 -1,666,159        
      accrued interest on related party loan receivable
    		   0 4,487,000 -1,223,000 -1,222,000 -1,235,425 2,835,878        
      other assets
    		-1,181,000 -470,000 -1,346,000 -2,848,000 1,021,000 -1,235,000 -1,285,000 1,355,745 -753,152 -695,211 715,618 1,548,970 3,444,864    
      related party receivables
    		-59,000 -36,000 504,000 -445,000 -381,000 338,000 206,000 1,599,477 -1,789,148 -114,675 5,346 1,647     
      accounts payable
    		-2,397,000 1,505,000 -529,000 -2,741,000 1,132,000 1,208,000 -2,909,000 2,716,735 -458,357 1,910,089 -1,708,467 -879,516 2,073,413    
      related party payables
    		4,381,000 -11,991,000 17,748,000 4,190,000 5,281,000 4,915,000 1,319,000 -505,787 2,941,248 1,477,366 3,597,173 -1,769,097     
      other payables
    		-3,021,000 7,927,000 8,790,000 -1,763,000 -1,804,000 5,382,000 296,000 3,020,266 5,325,623 -4,177,190 3,495,301 2,757,043 2,924,331    
      net cash used by operating activities
    		-53,975,000 -55,645,000 -24,878,000 -38,676,000 -30,722,000 -30,755,000 -35,813,000 -24,512,468 -22,392,696        
      cash flows from investing activities
    		                
      redemptions of financial investments
    		66,000,000 38,000,000 117,000,000 77,000,000 13,000,000 37,000,000 10,000,000 147,000,000 15,000,000        
      purchases of financial investments
    		-209,000,000 -10,000,000 -98,000,000 -70,000,000 -172,000,000 -15,000,000 -12,000,000 -100,000,000 -27,000,000        
      collection of related party loan
    		                
      expenditures for property
    		-6,732,000 -1,258,000 -464,000              
      net cash used by investing activities
    		      -2,106,000          
      cash flows from financing activities
    		                
      proceeds from issuance of common stock, net of fees to investors of 3,664
    		                
      non-investor equity issuance costs
    		   25,000             
      proceeds from issuance of debt
    		12,459,000       14,077,615         
      non-creditor debt issuance costs
    		0 0 -178,000 -297,000 -296,000 -272,000 -219,000 132,201         
      tax withholding on share-based compensation
    		0       154 0        
      proceeds from exercised warrants
    		   0             
      net cash from financing activities
    		229,863,000 11,202,000 9,277,000 65,245,000   14,747,000 14,211,820    0 23,579,719 328,973,832 150,000 2,300,000 
      effect of exchange rate changes on cash and cash equivalents
    		-264,000 -274,000 209,000 -562,000 -13,000 -657,000 -122,000 85,337 -100,415 376,126 125,952      
      increase in cash, cash equivalents and restricted cash
    		                
      cash, cash equivalents and restricted cash at beginning of period
    		                
      cash, cash equivalents and restricted cash at end of period
    		                
      supplemental disclosure of cash information
    		                
      cash paid for interest
    		                
      cash paid for income tax
    		                
      supplemental disclosure of other non-cash investing and financing activities
    		                
      property expenditures in accounts payable and other payables
    		2,272,000 150,000 441,000              
      right-of-use assets obtained in exchange for operating lease liabilities
    		25,000 -6,000 16,000 -10,000 502,000 52,000 564,000          
      issuance of common stock for vested restricted stock units
    		0   0 0 837,000 41,000 250         
      net cash from investing activities
    		          -17,543,699 -8,057,744    -2,300,000 
      decrease in cash and cash equivalents
    		    -3,191,000 4,175,000 -23,294,000   21,754,578 -37,308,870      
      cash and cash equivalents at beginning of period
    		                
      cash and cash equivalents at end of period
    		                
      cash paid for
    		                
      interest
    		 2,241,000 2,088,000 1,522,000 597,000 447,000 273,000          
      income tax
    		 643,000 372,000  1,009,000 804,000 949,000          
      unrealized gain on the exchange rate changes
    		  981,000  953,000 -1,858,000 -315,000          
      deferred income tax
    		  -99,000              
      net cash provided (used) by investing activities
    		  18,536,000     47,000,056 -12,002,676        
      proceeds from debt
    		  9,455,000  15,762,000 14,518,000 14,966,000          
      increase in cash and cash equivalents
    		  3,144,000         -28,795,308 -98,375,182    
      cash and cash equivalents at the beginning of the period
    		  56,366,000 0 0 0 46,882,000 -63 0 0 49,146,063 0 0    
      cash and cash equivalents at the end of the period
    		  59,510,000 31,794,000 -3,191,000 4,175,000 23,588,000 36,784,682 -23,494,453 21,754,578 11,837,193 -28,795,308 -98,375,183    
      depreciation, amortization, and loss on disposal
    		                
      unrealized (gain)/loss on exchange rate changes
    		                
      warrant expenses
    		       1,863,000 0        
      deferred income taxes
    		                
      non-cash tax expense
    		                
      related party loan collected
    		                
      expenditures for property, plant and equipment
    		   -1,215,000 -3,236,000 -659,000 -106,000 56 -2,676        
      net cash (used) provided by investing activities
    		   5,785,000             
      proceeds from issuance of common stock, net of fees to investors
    		   0             
      capital contribution net of transaction costs reimbursed to zanite
    		                
      transaction costs reimbursed to parent
    		           0     
      distribution to parent
    		                
      net increase in cash and cash equivalents
    		                
      income taxes
    		       887,190         
      property, plant & equipment expenditures in accounts payable and other payables
    		                
      property, plant & equipment expenditures in accounts payable and other accruals
    		    -731,000 764,000 8,000    121,047      
      net cash provided (used) by financing activities
    		                
      long-term incentive plan expense
    		          98,321 191,465 62,211    
      related party loan
    		           0     
      transfer from parent
    		                
      recognition of the operating lease right-of-use assets and liabilities
    		                
      additions to capitalized software transferred by parent
    		                
      cash flows from operating activities:
    		                
      adjustments to reconcile net income to net cash used by operating activities:
    		                
      depreciation and loss on disposal of property
    		        38,581        
      amortization of debt issuance costs
    		                
      unrealized (gain) on exchange rate translation
    		                
      changes in operating assets and liabilities:
    		                
      cash flows from investing activities:
    		                
      cash flows from financing activities:
    		                
      proceeds from exercise of public warrants
    		                
      cash paid for:
    		                
      recognition of the right-of-use assets and operating lease liabilities
    		                
      adjustments to reconcile net income to net cash from operating activities:
    		                
      unrealized gain on exchange rate translation
    		                
      income tax paid
    		         240,228 147,665 1,459,843     
      recognition of right-of-use assets and operating lease liabilities
    		                
      issuance of common stock for vested rsus
    		                
      depreciation
    		          22,050      
      unrealized loss/(gain) on the exchange rate translation
    		          -58,553      
      stock-based compensation
    		          867,893 711,704     
      warrants expenses
    		          2,674,500 -1,830,866     
      interest on financial investments
    		          -3,828,323  -1,527,542    
      carve-out expenses
    		                
      operating lease liabilities
    		          -9,461      
      net cash from operating activities
    		          -19,891,123 -20,737,564 -25,536,180 -12,583,141 -600,661 -599,069 
      capex
    		          0 0 0 0 0 0 
      free cash flows
    		          -19,891,123 -20,737,564 -25,536,180 -12,583,141 -600,661 -599,069 
      purchases of investment securities
    		          -17,500,000 -8,000,000     
      property, plant & equipment
    		          -43,699 -57,744     
      supplemental disclosure of other non-cash investing activities
    		                
      f-5
    		                
      amortization of capitalized software
    		                
      non-cash lease expenses - amortization & interest
    		                
      unrealized gains on financial investments
    		                
      supplemental disclosure of other noncash investing and income taxes paid
    		                
      recognition of the operating assets rou assets
    		                
      recognition of the operating lease liabilities
    		                
      gross capital contribution
    		            -7,178,840    
      deemed distribution
    		                
      stock based compensation
    		                
      private warrants - change in fv
    		                
      related party receivable
    		                
      related party payable
    		                
      purchases of investing securities
    		                
      net cash from investing activities:
    		                
      transaction costs
    		                
      supplemental disclosure of other noncash investing and financing activities
    		                
      change in fair value of derivative liabilities
    		              -6,952,500  
      interest earned on investments held in trust account
    		              -21,121  
      prepaid expenses
    		              8,292 57,416 
      accounts payable and accrued expenses
    		              967,888 671,019 
      proceeds from promissory note – related party
    		              150,000  
      net change in cash
    		              -450,661 -599,069 
      cash – beginning of period
    		              475,339 0 
      cash – end of period
    		              24,678 -599,069 
      level 1:
    		                
      level 2:
    		                
      level 3:
    		                
      transaction costs allocated to warrant issuance
    		                
      investment of cash in trust account
    		               -2,300,000 
      proceeds from sale of units, net of underwriting discounts paid
    		                
      proceeds from sale of private placements warrants
    		               2,300,000 
      repayment of promissory note— related party
    		                
      payment of offering costs
    		                
      non-cash investing and financing activities:
    		                
      offering costs paid by sponsor in exchange for issuance of founder shares
    		                
      offering costs paid through promissory note – related party
    		                
      accretion of class a common stock to possible redemption
    		                
      deferred underwriting fee payable
    		                
      change in fair value of warrant liability
    		                
      interest earned on marketable securities held in trust account
    		                
      offering costs included in accrued offering costs
    		                
      offering costs paid through promissory note
    		                
      change in value of class a common stock subject to possible redemption
    		                
      redeemable class a common stock
    		                
      numerator: earnings allocable to redeemable class a common stock
    		                
      interest income
    		                
      income and franchise tax
    		                
      net earnings
    		                
      denominator: weighted-average redeemable class a common stock
    		                
      redeemable class a common stock, basic and diluted
    		                
      earnings/basic and diluted redeemable class a common stock
    		                
      non-redeemable class b common stock
    		                
      numerator: net income minus redeemable net earnings
    		                
      redeemable net earnings
    		                
      non-redeemable net income
    		                
      denominator: weighted-average non-redeemable class b common stock
    		                
      non-redeemable class b common stock, basic and diluted
    		                
      loss/basic and diluted non-redeemable class b common stock
    		                
    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.