FRVO: the cash flow

MyFinsight

Cash Flow	2026-03-31
Net loss	-31,830
Depreciation and amortization	93
Amortization of debt issuance costs	463
Stock-based compensation	2,615
Non-cash expense related to long-term operating leases	5,993
Non-cash expense related to warrant valuation	13,146
Non-cash income related to derivative valuation	1,270
Grant receivable	0
Prepaid expenses and other	624
Deposits	8
Accounts payable	1,232
Net changes in other assets and liabilities	-1,153
Net cash (used in) provided by operating activities	-9,037
Capital expenditures	172,793
Net cash used in investing activities	-172,793
Proceeds from long-term debt	14,152
Proceeds from issuance of common stock	826
Payment of debt issuance costs	14,152
Treasury stock purchased	0
Other	-56
Net cash provided by financing activities	770
Net change in cash and cash equivalents and restricted cash	-181,060
Cash and cash equivalents and restricted cash at beginning of period	467,836
Cash and cash equivalents and restricted cash at end of period	286,776

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.