For the quarter ending 2026-03-31, CTM had $888,196 increase in cash & cash equivalents over the period. $1,280,969 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss before preferred stock dividends | -351,274 | -1,321,539 | 415,401 | -1,492,154 |
| Depreciation and amortization | 324,990 | 374,361 | 374,290 | 750,213 |
| Amortization of discounts, premiums and deferred cost | - | 0 | 0 | 0 |
| Stock-based compensation | 767,937 | 372,343 | 284,116 | 1,819,228 |
| Deferred tax provision | - | 0 | 0 | - |
| Lease cost | -113,777 | - | 78,526 | 117,183 |
| Gain on lease termination | - | 0 | 0 | 0 |
| Gain on sale of reporting unit | - | 0 | 0 | - |
| Goodwill impairment loss | - | 0 | - | - |
| Lease cost | - | 275,913 | - | - |
| Proceeds from note payable | - | 0 | - | - |
| Change in fair value of contingent earnout | - | 0 | - | - |
| Proceeds from exercise of stock options | - | 0 | 26,500 | - |
| Change in fair value of derivative liability | 252,000 | 86,000 | 18,000 | 517,000 |
| Repayments of convertible debt-Related Parties | - | - | 0 | 0 |
| Gain from timing difference on issuance of shares | - | 0 | - | - |
| Repayment of note payable-Nonrelated Parties | - | - | 2,000,000 | 4,000,000 |
| Accounts receivable | -465,211 | -1,241,758 | 111,471 | 3,750,973 |
| Repayment of line of credit, net | - | 0 | 0 | 1,999,944 |
| Proceeds from factoring accounts receivable | - | 0 | - | - |
| Settlement of stock compensation in cash | - | 0 | 0 | -128,207 |
| Prepaid expenses and other current assets | -42,685 | 57,339 | -39,858 | 101,113 |
| Contract asset | -27,263 | 137,702 | 117,901 | 42,955 |
| Accounts payable and accrued expenses | 266,779 | -1,048,776 | 6,009 | 1,171,105 |
| Lease liability | -82,827 | -78,989 | -77,311 | -113,749 |
| Net cash provided by (used in) operating activities | 1,290,696 | -661,679 | 1,001,724 | -2,288,422 |
| Acquisition of business, cash paid to seller | - | 0 | - | - |
| Sale of subsidiary, cash received from buyer | 34,046 | 24,755 | 63,028 | 4,435 |
| Cash from factoring | - | 0 | - | - |
| Investment in joint ventures | - | 100,250 | - | - |
| Acquisition of business, cash received from seller | - | 0 | - | - |
| Investment in captive insurance entity | - | -250 | 250 | 0 |
| Purchases of fixed assets | 9,727 | 9,817 | 44,698 | 97,226 |
| Net cash provided by investing activities | 24,319 | -85,062 | 18,080 | -92,791 |
| Payment of revolving line of credit | 0 | 0 | 0 | 0 |
| Payment of debt issuance costs | 0 | 0 | 0 | 12,844 |
| Proceeds from issuance of common stock, prefunded warrants and regular warrants, net of issuance costs | 0 | 0 | 4,257,111 | 11,042,706 |
| Preferred stock dividend | 26,819 | 26,819 | 26,819 | 53,804 |
| Loss on induced conversion | - | 0 | - | - |
| Repayment of convertible note payable related party | - | 0 | - | - |
| Repayment of amounts due to seller | 0 | 160,000 | 60,000 | 120,000 |
| Repayment of note payable-Related Party | 400,000 | - | - | - |
| Repayment of notes payable | - | 8,000,000 | - | - |
| Repayment of note payable-Nonrelated Party | 0 | - | - | - |
| Net cash (used in) provided by financing activities | -426,819 | -2,186,819 | 2,068,585 | 4,856,114 |
| Net increase in cash | 888,196 | -2,933,560 | 3,088,389 | 2,474,901 |
| Cash - beginning of period | 14,884,778 | 17,818,338 | 12,255,048 | - |
| Cash - end of period | 15,772,974 | 14,884,778 | 17,818,338 | - |
Castellum, Inc. (CTM)
Castellum, Inc. (CTM)