The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -3,780,821 | -8,787,714 |
| Non-cash compensation expense related to stock options | 2,998 | 312,844 |
| Depreciation and amortization | 453,214 | 954,428 |
| Amortization of loan costs | 78,165 | 153,782 |
| Dividend income | - | 0 |
| Provision for credit losses | 0 | 289,197 |
| Provision for inventory reserve | -87,329 | -604,754 |
| Accounts receivable | 254,882 | 643,351 |
| Inventories | -1,091,426 | -1,649,018 |
| Prepaid expenses and other | 366,871 | -732,410 |
| Other non-current assets | - | 85,000 |
| Operating lease | -823 | -1,388 |
| Accounts payable and accrued expenses | 766,993 | 2,460,985 |
| Accrued interest | 1,822,362 | - |
| Net cash used in operating activities | -190,568 | -3,569,543 |
| Purchases of intangible assets | 32,701 | 31,702 |
| Purchases of property, plant and equipment | - | -3,078 |
| Proceeds from reverse capitalization | - | 0 |
| Purchases of property, plant and equipment | -3,078 | - |
| Net cash used in investing activities | -32,701 | -28,624 |
| Proceeds from related parties | 280,000 | 3,427,127 |
| Borrowings on line of credit | - | 0 |
| Proceeds from convertible notes payable | - | 0 |
| Payments on finance leases payable | 134,441 | 275,346 |
| Net cash provided by financing activities | 145,559 | 3,151,781 |
| Net change in cash | -77,710 | -446,386 |
| Cash and cash equivalents at beginning of period | 652,965 | - |
| Cash and cash equivalents at end of period | 128,869 | - |
Borealis Foods Inc. (BRLS)
Borealis Foods Inc. (BRLS)