For the year ending 2025-12-31, DFNSW had -$3,911K decrease in cash & cash equivalents over the period. -$6,229K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Stock-based compensation | 18,826 |
| Interest earned on marketable securities held in trust account | 278 |
| Loss on extinguishment of convertible notes payable | 7,080 |
| Shares and warrants issued in connection with jv agreement | 2,817 |
| Shares issued as part of settlement agreement | 157 |
| Shares issued as penalty for filing | 300 |
| Shares issued as commitment for eloc agreement | 1,250 |
| Gain on marketable securities | 301 |
| Day one loss on stock purchase warrants issued in connection with private placement | -13,435 |
| Change in fair value - stock purchase warrant liabilities | -130,135 |
| Change in fair value of liability-classified stock purchase warrants | -588 |
| Changes in lease assets and lease liabilities | 151 |
| Other current assets | 264 |
| Accounts payable | 30 |
| Interest payable - related parties | -34 |
| Accrued expenses and other current liabilities | 760 |
| Impairment loss | 4,344 |
| Depreciation | 4 |
| Net gain (loss) for the year from continuing operation | 76,601 |
| Amortization of debt discount | 0 |
| Loss on extinguishment of vendor obligations | 0 |
| Gain on extinguishment of vendor obligations | 0 |
| Gain on extinguishment of affiliates liabilities due to | 0 |
| Gain on deconsolidation | 0 |
| Change in fair value of derivative liabilities | 0 |
| Loss on reclassification of stock purchase warrants from equity-classified to liability-classified | 0 |
| Due to affiliates | 0 |
| Net cash used in operating activities continuing operations | -6,147 |
| Net cash used in operating activities discontinuing operations | -51 |
| Net cash used in operating activities | -6,198 |
| Investment in short term securities | 50 |
| Loan granted | 2,351 |
| Investment of cash in trust account | 172,500 |
| Due to affiliates, net | 984 |
| Cash provided by purchase of subsidiary | -449 |
| Payment on property and equipment | 31 |
| Advance to target of planned acquisition | -3,500 |
| Proceeds from sale of investment | 0 |
| Net cash used in investing activities continuing operations | -178,867 |
| Net cash used in investing activities discontinuing operations | -960 |
| Net cash used in investing activities | -179,827 |
| Proceeds from issuance of private placement and embedded derivative, net of issuance costs | 9,225 |
| Proceeds from sale of spac units and private placement units, net of issuance costs | 172,854 |
| Repayments on loans payable - related parties | 94 |
| Business combination, net of issuance costs | 0 |
| Proceeds from issuance of loans payable - related parties | 0 |
| Proceeds from issuance of common stock, net of issuance costs | 0 |
| Proceeds from issuance of convertible notes payable and embedded derivative, net of issuance costs | 0 |
| Proceeds from issuance of convertible notes payable and stock purchase warrants, net of issuance costs | 0 |
| Proceeds from issuance of note payable and stock purchase warrants | 0 |
| Net cash provided by financing activities continuing operations | 181,985 |
| Net cash provided by financing activities discontinuing operations | 0 |
| Net cash provided by financing activities | 181,985 |
| Effect of exchange rate changes on cash and cash equivalents continuing operations | 95 |
| Effect of exchange rate changes on cash and cash equivalents discontinuing operations | 34 |
| Increase (decrease) in cash, cash equivalents and restricted cash | -3,911 |
T3 Defense Inc. (DFNSW)
T3 Defense Inc. (DFNSW)