ECDA · As filed with the SEC
ECD Automotive Design cash flow statement, by fiscal year
The statement as ECD Automotive Design 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 Statement of Cash Flows · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net loss | (10,771,451) | (1,602,013) | 577,440 |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities | |||
| Interest earned on marketable securities held in Trust Account | — | — | (1,104,670) |
| Depreciation expense | — | 156,962 | — |
| Depreciation and amortization expenses | 126,791 | — | — |
| Gain on forgiveness of payable | 319,900 | — | — |
| Change in fair value of derivatives | 638,212 | — | — |
| Amortization of right-to-use asset | 358,312 | 330,111 | — |
| Amortization of debt discount | 1,928,576 | 72,335 | — |
| Equity based compensation | 331,959 | — | 62,500 |
| Provision for credit losses | 31,484 | — | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (76,506) | — | — |
| Other receivable | — | 209,810 | — |
| Inventories | (1,220,602) | (5,733,692) | — |
| Prepaid and other current assets | (205,858) | 34,413 | (9,082) |
| Prepaid insurance, short-term | — | — | (156,000) |
| Prepaid insurance, long-term | — | — | (29,033) |
| Deferred tax asset | 838,055 | (515,444) | — |
| Deposit | 17,486 | (1,700) | — |
| Accounts payable | 1,509,157 | 281,319 | — |
| Accrued expenses | 1,449,977 | 493,576 | 152,915 |
| Income taxes payable | — | — | 206,393 |
| Deferred revenue and customer deposits | — | 3,430,482 | — |
| Deferred revenue and customer deposits | (4,388,036) | — | — |
| Other payable | (335,641) | 1,171,581 | — |
| Lease liability | (314,903) | (247,493) | — |
| Net cash (used in) provided by operating activities | (9,763,088) | (5,007,963) | (299,537) |
| Cash Flows from Investing Activities: | |||
| Investment of cash into Trust Account | — | — | (116,150,000) |
| Proceeds from sale of asset | 6,718 | — | — |
| Purchase of assets | — | (554,815) | — |
| Purchase of assets | (23,764) | — | — |
| Net cash used in investing activities | (17,046) | (554,815) | (116,150,000) |
| Cash Flows from Financing Activities: | |||
| Proceeds from initial public offering | — | — | 115,000,000 |
| Proceeds from issuance of private placement | — | — | 2,575,000 |
| Proceeds from Debt Issuance | — | — | 19,700 |
| Payment of offering costs | — | — | (623,953) |
| Repayment of loan payable | — | (500,000) | — |
| Repayment of floor loan | (1,675,000) | — | — |
| Proceeds from floor loan | 2,887,000 | — | — |
| Proceeds from convertible note | 1,154,681 | 13,700,000 | — |
| Debt issuance costs | — | (3,088,883) | — |
| Debt issuance costs | (382,212) | — | — |
| Assets and liabilities assumed from Business Combination | — | (9,721) | — |
| Issuance of preferred and common shares, net of issuance costs | 1,145,000 | 95,537 | — |
| Cash distributed to stockholders | — | (2,533,721) | — |
| Net cash provided by (used in) financing activities | 3,129,469 | 10,664,595 | 116,970,747 |
| Effect of translation changes on cash | (6,696) | — | — |
| Net increase in cash and cash equivalents | (6,657,361) | 4,619,329 | 521,210 |
| Cash and cash equivalents, beginning of year | 8,134,211 | 3,514,882 | 25,000 |
| Cash and cash equivalents, end of year | 1,476,850 | 8,134,211 | 546,210 |
| Offering costs included in accrued offering costs | — | — | 301,797 |
| Accretion of Class A common stock to redemption value | — | — | 12,476,505 |
| Deferred underwriting fee payable | — | — | 4,025,000 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid for interest | — | 95,681 | — |
| Cash paid for interest | 1,812,295 | — | — |
| Supplemental disclosure of noncash cash flow information | |||
| Transfer of property and equipment to inventory | 325,474 | — | — |
| Initial classification of warrant liabilities | 26,551 | — | — |
| Initial classification of conversion option liability | 105,981 | — | — |
| Assets and liabilities acquired with the business combination | 1,250,000 | — | — |
| Conversion of preferred shares into common shares | 185 | — | — |
| Paid in kind interest on convertible note | 862,974 | — | — |
| Record right-to-use asset and lease liability per ASC 842 | 196,797 | 196,797 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.