BSLK · As filed with the SEC
Bolt Projects Holdings cash flow statement, by fiscal year
The statement as Bolt Projects Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Cash used in operating activities: | ||||
| Net loss | (65,393) | (1,467.61) | 9,846.71 | 5,268.96 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Change in fair value of warrant liabilities | — | — | — | (6,756.46) |
| Depreciation expense | 2 | — | — | — |
| Stock-based compensation | 18,164 | — | — | — |
| Amortization of right-of-use assets | 0 | — | — | — |
| Property and equipment impairment | 0 | — | — | — |
| Lease impairment | 0 | — | — | — |
| Loss (gain) on lease termination | (2,015) | — | — | — |
| Non-cash interest expense | 1,043 | — | — | — |
| Non-cash debt issuance costs | 11,460 | — | — | — |
| Non-cash non-capitalized transaction costs | 268 | — | — | — |
| Loss on extinguishment of convertible notes | 26,359 | — | (811.15) | — |
| Gain on sale of property and equipment | 0 | — | — | — |
| Gain on intellectual property transfer | 0 | — | — | — |
| Remeasurement of warrant liability | — | 1,895.83 | (7,138.54) | — |
| Transaction costs allocated from initial public offering | — | — | — | 481.82 |
| Interest earned on marketable securities held in Trust Account | — | — | — | (17.00) |
| Interest earned on investments held in Trust Account | — | (3,176.69) | (4,000.47) | — |
| Convertible preferred stock warrant liability | (6) | — | — | — |
| Public placement warrant liability | (24,907) | — | — | — |
| Private placement warrant liability | (13,001) | — | — | — |
| Remeasurement of share-based termination liability | 979 | — | — | — |
| Nonrelated Party | 31,664 | — | — | — |
| Related Party | 3,752 | — | — | — |
| Prepaid expenses | — | (80.37) | 279.89 | (352.18) |
| Accounts payable and accrued expenses | — | 885.65 | — | — |
| Income taxes payable | — | 204.70 | 248.65 | — |
| Inventory | (1,525) | — | — | — |
| Prepaid expenses and other current assets | 184 | — | — | — |
| Other non-current assets | (106) | — | — | — |
| Accounts payable | (1,023) | — | — | — |
| Accrued expenses and other current liabilities | (1,522) | — | (72.59) | 322.07 |
| Operating lease liabilities | (336) | — | — | — |
| Share-based termination liabilities | 0 | — | — | — |
| Other non-current liabilities | (188) | — | — | — |
| Net cash used in operating activities | (16,147) | (1,738.49) | (1,647.50) | (1,052.79) |
| Cash used in investing activities: | ||||
| Investment of cash into Trust Account | — | (578.69) | — | (287,500) |
| Cash withdrawn from Trust Account to pay franchise and income taxes | — | — | 871 | — |
| Cash withdrawn from Trust Account to pay franchise and income taxes | — | 1,111.46 | — | — |
| Cash withdrawn from Trust Account in connection with redemption | — | 287,071.97 | — | — |
| Cash proceeds from sale of property and equipment | 0 | — | — | — |
| Purchases of property and equipment | (23) | — | — | — |
| Net cash used in investing activities | (23) | 287,604.73 | 871 | (287,500) |
| Cash provided by financing activities: | ||||
| Proceeds from the Merger with GAMC | 5,268 | — | — | — |
| Proceeds from issuance of common stock | 360 | — | — | 25 |
| Proceeds from sale of Units, net of underwriting discounts paid | — | — | — | 281,750 |
| Proceeds from sale of Private Placements Warrants | — | — | — | 7,500 |
| Payments of deferred transaction costs | (6,008) | — | — | (486.85) |
| Nonrelated Party | 22,643 | — | — | — |
| Payments for Amended Senior Notes | (538) | — | — | — |
| Proceeds from related party notes | 250 | 578.69 | — | 141.37 |
| Payments for related party notes | (250) | — | (141.37) | (10.12) |
| Proceeds from convertible promissory notes - related party | — | — | 900 | — |
| Proceeds from convertible promissory note - related party | — | 584.33 | — | — |
| Redemption of common stock | — | (287,071.97) | — | — |
| Payments of related party promissory note | (648) | — | — | — |
| Related Party | (2,267) | — | — | — |
| Net cash provided by financing activities | 18,810 | (285,908.96) | 758.63 | 288,919.40 |
| Net Change in Cash | — | (42.72) | — | — |
| Exchange rate effect on cash, cash equivalents and restricted cash | (62) | — | — | — |
| Net change in cash and cash equivalents, and restricted cash | 2,578 | — | (17.86) | 366.61 |
| Cash and cash equivalents and restricted cash - Beginning of year | 934 | 348.75 | 366.61 | — |
| Cash, cash equivalents, and restricted cash - end of year | 3,512 | 306.03 | 348.75 | 366.61 |
| Offering costs paid through promissory note | — | — | — | 10.12 |
| Accretion for Class A common stock to redemption amount | — | — | — | 25,023.48 |
| Deferred underwriting fee payable | — | — | — | 10,062.5 |
| Excise tax payable attributable to redemption of common stock | — | 2,870.72 | — | — |
| Cash paid for income taxes | — | 448.35 | — | — |
| Supplementary cash flow disclosures: | ||||
| Cash paid for interest | 472 | — | — | — |
| Supplemental disclosures of non-cash investing and financing activities: | ||||
| Deferred transaction costs in accounts payable and accrued expenses | 1,818 | — | — | — |
| Deferred transaction costs due to Bridge Warrants issuance | 0 | — | — | — |
| Convertible note issuance costs due to Bridge Warrants issuance | 0 | — | — | — |
| Decrease of deferred transaction costs due to the Merger and PIPE Financing | 11,624 | — | — | — |
| Issuance of common stock to settle underwriting commission | 6,106 | — | — | — |
| Issuance of common stock upon conversion of convertible preferred stock | 93,889 | — | — | — |
| Issuance of common stock upon conversion of convertible bridge notes | 102,155 | — | — | — |
| Issuance of common stock upon settlement of shared-based termination liability | 7,327 | — | — | — |
| Conversion of convertible preferred stock warrants to Private Warrants | 197 | — | — | — |
| Decrease of operating lease right of use assets and liabilities due to remeasurement in connection with lease amendments | 0 | — | — | — |
| Decrease of operating lease liabilities due to lease termination | 2,015 | — | — | — |
| Conversion of convertible preferred stock to common stock | 0 | — | — | — |
| Decrease of prepaid expense due to trouble debt restructuring | 0 | — | — | — |
| Issuance of Gingko Convertible Note due to trouble debt restructuring | 0 | — | — | — |
| Issuance of Amended Senior Notes due to trouble debt restructuring | 0 | — | — | — |
| Modification of convertible preferred stock | 0 | — | — | — |
| Decrease of operating lease right of use assets due to lease termination | 0 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.