CINGW: the cash flow

MyFinsight

For the year ending 2025-12-31, CINGW had -$1,257,938 decrease in cash & cash equivalents over the period. -$17,407,320 in free cash flow.

Cash Flow	2025-12-31
Total research and development	9,774,057
Total general and administrative	10,164,051
Operating loss	-19,938,108
Issuance cost and change in fair value of derivative	1,150,673
Interest and other income (expense), net	-1,361,130
Loss before income taxes	-22,449,911
Net loss and comprehensive loss	-22,449,911
Depreciation	540,894
Stock-based compensation	1,523,828
Accretion of discount on note payable	326,006
Amortization of debt issue costs	26,525
Loss on debt extinguishment	-805,951
Issuance cost and change in fair value of derivative	1,150,673
Miscellaneous receivables	-18,312
Prepaid expenses and other current assets	623,705
Operating lease right-of-use assets	1,240,075
Trade accounts payable and accrued expenses	1,467,896
Current portion of operating lease liability	108,202
Long-term portion of operating lease liability	1,100,222
Net cash used in operating activities	-17,245,182
Purchase of property and equipment	162,138
Net cash used in investing activities	-162,138
Proceeds from the issuance of common stock and pre-funded common stock purchase warrants, net of fees	10,153,812
Proceeds from notes payable	6,000,000
Principal payments on finance lease obligations	4,430
Net cash provided by financing activities	16,149,382
Net increase (decrease) in cash and cash equivalents	-1,257,938
Cash and cash equivalents at beginning of year	12,211,321
Cash and cash equivalents at end of year	10,953,383

Unit: Dollar.