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 |
|---|---|---|---|---|
| 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 (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 |
| Amortization of operating lease right-of-use assets | — | — | 151,354 | — |
| Stock-based compensation related to stock options | — | — | 1,228,871 | 1,211,594 |
| 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 |
| 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) |
| Other assets | — | — | — | 487,509 |
| Prepaid expenses and other current assets | — | — | (516,403) | (417,505) |
| 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 |
| 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) |
| Net cash provided by (used in) operating activities of discontinued operations | 2,468,457 | (995,089) | 128,487 | 703,717 |
| Net cash used in operating activities | (6,125,491) | (7,931,673) | (1,941,141) | (4,207,759) |
| Cash flows from investing activities: | ||||
| Cash acquired in reverse acquisition | — | — | — | (2,500,000) |
| 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) |
| 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) |
| Cash flows from financing activities: | ||||
| Proceeds from loans payable to related parties | — | 220,000 | 380,000 | — |
| 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) |
| Proceeds from loans payable | 3,361,136 | 6,782,350 | — | 970,000 |
| Repayments of loans payable | (4,218,030) | (5,776,195) | — | — |
| Proceeds from convertible debentures | 596,150 | 1,635,700 | 500,000 | 2,375,000 |
| 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 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 |
| Net cash used in financing activities of discontinued operations | — | (297,508) | — | (40,195) |
| Net cash (used in) provided by financing activities | (3,753,363) | 7,426,003 | 2,249,016 | 5,124,824 |
| Net increase in cash | — | — | 378,174 | 323,718 |
| Cash, beginning of period | — | — | — | 184,677 |
| Net decrease in cash | (112,533) | (315,670) | — | — |
| 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 |
| 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 | — | — |
| 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) |
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.