HWNI · As filed with the SEC
High Wire Networks cash flow statement, by fiscal year
The statement as High Wire Networks 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
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | Year ended Dec 31, 2018 Year ended Dec 31, 2018 | Year ended May 31, 2017 Year ended May 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Net loss from continuing operations | (10,121,829) | (13,148,288) | — | — | — | — | — | — |
| Adjustments to reconcile net loss from continuing operations to net cash used in operating activities: | ||||||||
| Gain on change in fair value of derivative liability | — | — | — | — | — | (1,843,935) | (3,581,071) | — |
| Loss (gain) on change in fair value of derivative liability | — | — | — | — | 662,968 | — | — | — |
| Amortization of discounts on convertible debentures and notes payable | — | — | — | — | 651,129 | 1,560,657 | 2,768,706 | — |
| Gain (loss) on change in fair value of derivative liabilities | — | — | (6,445,531) | 166,188 | — | — | — | — |
| Amortization of discounts on convertible debentures | — | — | — | 777,953 | — | — | — | — |
| Amortization of debt discounts | 997,379 | — | — | — | — | — | — | — |
| Depreciation and amortization | 794,838 | — | — | — | — | — | — | — |
| Amortization of operating lease right-of-use assets | 103,630 | 99,244 | — | — | — | — | — | — |
| Stock-based compensation related to stock options | 801,014 | 1,251,456 | — | — | — | — | — | — |
| Stock-based compensation related to third-party vendors | — | 290,560 | — | — | — | — | — | — |
| Stock-based compensation related to employee stock issuance | 40,000 | — | — | — | — | — | — | — |
| Stock-based compensation related to third-party vendors | — | — | 5,498,845 | — | — | — | — | — |
| Gain on PPP loan forgiveness | — | — | (2,000,000) | (873,734) | — | — | — | — |
| Gain on settlement of warrants | — | — | — | 127,973 | — | — | — | — |
| Initial derivative expense | — | — | 1,289,625 | — | — | — | — | — |
| (Gain) loss on settlement of warrants | — | — | (176,735) | — | — | — | — | — |
| Gain on change in fair value of derivative liabilities | — | (3,140,404) | — | — | — | — | — | — |
| Amortization of debt discounts | — | 1,113,589 | — | — | — | — | — | — |
| Depreciation and amortization | — | 844,457 | 1,333,768 | 506,364 | 54,248 | 384,935 | 220,431 | — |
| Amortization of operating lease right-of-use assets | — | — | 151,354 | — | — | — | — | — |
| Stock-based compensation related to stock options | — | — | 1,228,871 | 1,211,594 | 1,852,725 | 1,274,694 | 2,016,856 | — |
| Loss (gain) on settlement of debt | — | — | — | — | 2,623,379 | (267,282) | (884,415) | — |
| Foreign exchange loss (gain) | — | — | — | — | — | 10,022 | (4,712) | — |
| Initial derivative expense | — | — | — | — | — | 116,638 | — | — |
| Gain on disposal of subsidiaries | — | — | — | — | — | — | (577,299) | — |
| Derivative warrants issued for services | — | — | — | — | — | — | 68,536 | — |
| Gain on extinguishment of preferred stock liability | — | — | — | — | — | — | (285,855) | — |
| Initial derivative expense | — | — | — | — | 594,803 | — | — | — |
| Default and debt extension fees | — | — | — | — | 120,903 | — | — | — |
| Loss on return of shares | — | — | — | — | 194,732 | — | — | — |
| Loss on fair value of additional shares | — | — | — | — | 177,746 | — | — | — |
| Liquidated damages related to escrow shares | — | 1,222,000 | — | — | — | — | — | — |
| Gain on extinguishment of derivatives | — | (1,692,232) | — | — | — | — | — | — |
| Loss on disposal of subsidiary | — | 1,434,392 | (919,873) | — | — | — | — | — |
| Gain on sale of asset | — | (204,081) | — | — | — | — | — | — |
| Write-offs of fixed assets | — | 221,510 | — | — | — | — | — | — |
| Gain on change in fair value of warrant liabilities | (266,393) | (67,465) | — | — | — | — | — | — |
| Goodwill impairment charge | 1,207,234 | 2,243,820 | — | — | — | — | — | — |
| Intangible asset impairment charge | — | 438,374 | 11,826,894 | 12,357 | 51,567 | — | — | — |
| Amortization of operating right of use liabilities | — | — | — | — | (50,513) | — | — | — |
| Amortization of operating right-of-use liabilities | — | — | — | (120,750) | — | — | — | — |
| Warrant expense | — | 484,818 | — | — | — | — | — | — |
| Warrant expense | 228,997 | — | — | — | — | — | — | — |
| Penalty fee | 100,000 | — | — | — | — | — | — | — |
| Loss on settlement of debt | 180,622 | — | 260,932 | 6,251,954 | — | — | — | — |
| Initial derivative expense | — | — | — | 4,750,064 | — | — | — | — |
| Amortization of discounts on convertible debentures and loans payable | — | — | 3,196,589 | — | — | — | — | — |
| Amortization of premiums on convertible debentures and loans payable to related parties | — | — | (1,031,353) | (837,974) | — | — | — | — |
| Gain on extinguishment of warrant liabilities | (921,422) | — | — | — | — | — | — | — |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (1,679,949) | 1,631,180 | (786,427) | (6,905,345) | 1,386,583 | 1,460,087 | 43,128 | — |
| Contract assets | — | — | — | — | 125,559 | 1,477,566 | (1,850,556) | — |
| Other assets | — | — | — | 487,509 | — | 148,215 | — | — |
| Operating lease liabilities | — | — | — | — | — | (143,248) | — | — |
| Prepaid expenses and other current assets | — | — | (516,403) | (417,505) | 6,105 | (137,333) | 18,252 | — |
| Other assets | — | — | — | — | — | 4,141 | 4,845 | — |
| Prepaid expenses and other current assets | (120,005) | 766,828 | — | — | — | — | — | — |
| Accounts payable and accrued liabilities | (413,367) | 670,704 | 3,584,098 | 3,180,185 | 129,099 | (860,735) | 1,681,805 | — |
| Contract liabilities | — | — | — | — | (68,213) | 432,756 | 271,788 | — |
| Net Cash from Operating Activities | — | — | — | — | — | — | (54,223) | — |
| Contract liabilities | — | — | 1,437,538 | 449,321 | — | — | — | — |
| Contract liabilities | 575,660 | (1,283,255) | — | — | — | — | — | — |
| Operating lease liabilities | (100,357) | (113,791) | (175,346) | — | — | — | — | — |
| Net cash used in operating activities of continuing operations | (8,593,948) | (6,936,584) | (2,069,628) | (4,911,476) | (9,197,476) | — | — | — |
| Net cash provided by (used in) operating activities of discontinued operations | 2,468,457 | (995,089) | 128,487 | 703,717 | 8,742,662 | — | — | — |
| Net cash used in operating activities | (6,125,491) | (7,931,673) | (1,941,141) | (4,207,759) | (454,814) | (2,217,080) | (1,489,418) | — |
| Cash flows from investing activities: | ||||||||
| Cash acquired in reverse acquisition | — | — | — | (2,500,000) | — | (941,593) | (328) | — |
| Restricted cash acquired in reverse merger | — | — | — | 2,000,000 | — | — | — | — |
| Cash received from sale of technology services business unit | 9,780,307 | — | — | — | — | — | — | — |
| Purchase of fixed assets | (13,986) | (20,000) | (404,701) | (93,347) | (7,760) | (69,822) | (21,288) | — |
| Cash received upon acquisition of subsidiary | — | — | — | — | — | — | 191,744 | — |
| Net cash used in investing activities of continuing operations | — | — | — | — | (7,760) | — | — | — |
| Net cash used in investing activities of discontinued operations | — | — | — | — | (978,395) | — | — | — |
| Cash received in connection with disposal of JTM | — | 50,000 | 475,000 | — | — | — | — | — |
| Cash received in connection with sale of AWS PR assets | — | 160,000 | — | — | — | — | — | — |
| Net cash provided by investing activities | 9,766,321 | 190,000 | 70,299 | (593,347) | (986,155) | (1,011,415) | 170,128 | — |
| Cash flows from financing activities: | ||||||||
| Proceeds from loans payable to related parties | — | 220,000 | 380,000 | — | 16,563,092 | — | — | — |
| Repayments of factor financing | — | — | — | — | (14,648,481) | — | — | — |
| Repayments of loans payable to related parties | (111,314) | — | (380,000) | — | — | — | — | — |
| Proceeds from loans payable | — | — | 3,374,965 | — | — | — | — | — |
| Repayments of loans payable | — | — | (5,384,457) | (377,440) | (6,836,492) | (28,795,279) | (1,723,000) | — |
| Proceeds from loans payable to related parties | — | — | — | — | 319,972 | 3,159,978 | 165,000 | — |
| Proceeds from loans payable | 3,361,136 | 6,782,350 | — | 970,000 | 6,207,315 | 28,656,567 | 1,695,515 | — |
| Repayments of loans payable | (4,218,030) | (5,776,195) | — | — | — | — | — | — |
| Proceeds from convertible debentures | 596,150 | 1,635,700 | 500,000 | 2,375,000 | 611,000 | 534,500 | 2,455,959 | — |
| Repayments of convertible notes | — | — | — | — | (1,360,836) | (366,321) | (401,524) | — |
| Repurchase of preferred shares | — | — | — | — | — | — | (280,960) | — |
| Repayments of convertible debentures | (2,019,649) | — | (2,744,015) | (94,260) | — | — | — | — |
| Proceeds from factor financing | — | — | 28,984,034 | 10,678,029 | — | — | — | — |
| Proceeds from factor financing | — | 12,885,071 | — | — | — | — | — | — |
| Proceeds from issuance of shares | 6,768,670 | 3,500,000 | — | — | — | — | — | — |
| Proceeds from related party advances | — | — | — | — | — | (112,724) | — | — |
| Proceeds from Cares Act loans | — | — | — | 873,465 | — | — | — | — |
| Repayments of factor financing | (8,130,326) | (11,523,415) | (28,681,511) | (9,259,775) | — | — | — | — |
| Proceeds from Securities Purchase Agreement | — | — | 6,200,000 | — | — | — | — | — |
| Net cash (used in) provided by financing activities of continuing operations | (3,753,363) | 7,723,511 | 2,249,016 | 5,165,019 | 855,570 | — | — | — |
| Net cash used in financing activities of discontinued operations | — | (297,508) | — | (40,195) | 791,058 | — | — | — |
| Net cash (used in) provided by financing activities | (3,753,363) | 7,426,003 | 2,249,016 | 5,124,824 | 1,646,628 | 3,076,721 | 1,910,990 | — |
| Net (decrease) increase in cash | — | — | — | — | — | (151,774) | 591,700 | — |
| Net increase in cash | — | — | 378,174 | 323,718 | — | — | — | — |
| Cash, beginning of period | — | — | — | 184,677 | 375,141 | 620,593 | 28,893 | — |
| Cash, end of period | — | — | — | — | 580,800 | 468,819 | 620,593 | — |
| Net decrease in cash | (112,533) | (315,670) | — | — | 205,659 | — | — | — |
| Cash, beginning of year | 333,357 | 649,027 | 508,395 | — | — | — | — | — |
| Cash, end of year | 220,824 | 333,357 | 886,569 | 508,395 | — | — | — | — |
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | 1,241,657 | 1,777,530 | 1,172,388 | 234,748 | 394,830 | 374,737 | 758,470 | — |
| Cash paid for income taxes | — | — | — | — | 14,900 | 109,099 | — | — |
| Common stock issued for conversion of convertible debentures | — | — | 2,554,448 | 4,400,573 | — | — | — | — |
| Non-cash investing and financing activities: | ||||||||
| Common stock issued for conversion of Series D preferred stock | — | 2,945,039 | 516,159 | 464,544 | — | — | — | — |
| Common stock issued upon cashless exercise of warrants | — | — | — | 758,457 | — | — | — | — |
| Issuance of Series D preferred stock | — | — | 5,498,845 | 5,852,000 | — | — | — | — |
| Common stock issued for conversion of Series E preferred stock | — | 235,224 | 1,209,159 | — | — | — | — | — |
| Receivable from JTM disposition | — | — | 50,000 | — | — | — | — | — |
| Original issue discounts on loans payable | — | — | 1,524,835 | — | — | — | — | — |
| Related party note issued | — | — | — | 100,000 | — | — | — | — |
| Common stock issued for conversion of convertible loans payable to related parties | — | — | — | 1,382,916 | — | — | — | — |
| Common stock issued for conversion of Series A preferred stock | — | — | — | 404,771 | — | — | — | — |
| Debt discount against derivative liability | — | — | — | 2,375,000 | — | — | — | — |
| Original issuance discounts on convertible debt | — | — | — | 125,000 | — | — | — | — |
| Original issuance discounts on loans payable | — | — | — | 280,000 | — | — | — | — |
| Fair value of Series E at issuance and net assets acquired in acquisition of SVC | — | — | — | 7,963,817 | — | — | — | — |
| Net assets acquired in reverse merger | — | — | — | 21,334,282 | — | — | — | — |
| Original issue discounts on loans payable and convertible debentures | 58,250 | 874,117 | — | — | — | — | — | — |
| Common stock issued for conversion of Series A preferred stock | — | 722,098 | — | — | — | — | — | — |
| Right-of-use asset obtained in exchange for lease liability | — | 319,832 | — | — | — | — | — | — |
| Issuance of common stock and warrants upon issuance of debt | — | 674,378 | — | — | — | — | — | — |
| Common stock issued for conversion of convertible debentures | — | — | — | — | 2,146,342 | 4,899,842 | 372,993 | — |
| Original issue discounts | — | — | — | — | 186,250 | 581,000 | 437,500 | — |
| Original debt discount against derivative liability | — | — | — | — | 611,000 | — | 506,630 | — |
| Convertible notes issued to settle contingent liability | — | — | — | — | — | — | 793,893 | — |
| Common stock issued to settle accounts payable and debt | — | — | — | — | — | — | 2,640 | — |
| Net assets acquired in ADEX acquisition | — | — | — | — | — | — | 4,663,800 | — |
| Warrant issued for non-controlling interest | — | — | — | — | — | — | 133,256 | — |
| Series A preferred stock issued to settle loans payable and accrued interest | — | — | — | — | — | — | 406,560 | — |
| Preferred stock issued to settle derivative liabilities | — | — | — | — | — | — | 291,064 | — |
| Preferred share extinguishment | — | — | — | — | — | — | 363,914 | — |
| Preferred shares issued with convertible debt | — | — | — | — | — | — | 193,509 | — |
| Common stock issued for conversion of Series A preferred stock | — | — | — | — | 270,485 | 85,061 | — | — |
| Common stock issued for WaveTech GmbH debtholders | — | — | — | — | 8,507,557 | — | — | — |
| Addition to principal of convertible debenture due to defaults and debt extension fees | — | — | — | — | 120,903 | — | — | — |
| Issuance of common stock upon execution of convertible debenture agreements | — | — | — | — | 103,000 | — | — | — |
| Addition to derivative liability due to issuance of stock options | — | — | — | — | 44,700 | 466,000 | — | — |
| Deemed dividend - Series A preferred stock modification | — | — | — | — | — | 488,072 | 191,261 | — |
| Right-of-use operating lease assets obtained in exchange for operating lease liabilities | — | — | — | — | — | 316,599 | — | — |
| Addition to derivative liability due to issuance of warrants | — | — | — | — | 100,803 | — | — | — |
| Additional shares issued based on terms of convertible debentures | — | — | — | — | 177,745 | — | — | — |
| Shares returned and canceled | — | — | — | — | 194,732 | — | — | — |
| Net assets disposed of in TNS sale | — | — | — | — | 5,500,268 | — | — | — |
| Net liabilities disposed of in AWS sale | — | — | — | — | 749,609 | — | — | — |
| Third party payment of third-party debt | — | — | — | — | — | 1,023,365 | — | — |
| Addition to principal of convertible debenture due to Barn 11 default | — | — | — | — | — | 167,093 | — | — |
| Accounts payable exchanged for convertible note | — | — | — | — | — | 51,030 | — | — |
| Assignment of related party debt | — | — | — | — | — | 200,000 | — | — |
| Issuance of common stock and warrants upon issuance of debt | 90,798 | — | — | — | — | — | — | — |
| Issuance of common stock to employee | 40,000 | — | — | 250,000 | — | — | — | — |
| Net loss | — | — | (19,826,474) | (13,677,630) | (17,710,296) | — | — | — |
| Net loss | — | — | — | — | — | (5,834,258) | (1,345,634) | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.