For the quarter ending 2025-09-30, GTEC had -$1,259,016 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 6,585,690 | 1,803,064 |
| Depreciation and amortization | 520,702 | 1,038,100 |
| Property, plant and equipment written off | - | 0 |
| Amortization of deferred revenue | 170,494 | - |
| Change in fair value of warrant liability | -1,525,352 | -291,033 |
| Stock based compensation expense | 0 | 6,953,444 |
| Amortization of deferred revenue | - | 113,154 |
| Non-cash lease expenses | 150,875 | 308,448 |
| Increase in allowance for credit losses | - | 0 |
| Accrued interest income derived from loan to related parties | 3,415 | 3,682 |
| Accrued expense | -9,019 | -1,993,483 |
| Accounts receivable | -679,898 | 5,982,647 |
| Notes receivable | -3,686,504 | -3,065,813 |
| Decrease in provision for inventory | - | 0 |
| Inventories | -660,915 | 600,730 |
| Deferred tax assets | - | 0 |
| Advance to suppliers | -3,316 | -284,926 |
| Other current and noncurrent assets | 6,095,935 | 5,981,813 |
| Due to related parties | - | -5,212,314 |
| Accounts payable | -2,102,885 | 6,043,296 |
| Customer deposits | -69,155 | 33,953 |
| Other current liabilities | 303,508 | 147,602 |
| Income tax payable | 429,016 | 389,305 |
| Lease liabilities | -110,606 | -349,092 |
| Net cash provided by operating activities | 8,259,031 | -459,997 |
| Purchases of long-term assets | - | 152,982 |
| Purchases of property, plant, equipment | 265,467 | - |
| Loan payment to third parties | 3,103 | 689,408 |
| Repayment of loans lend to third parties | 1,241 | 275,763 |
| Repayments of short-term bank loans | - | 0 |
| Net cash used in investing activities | -114,347 | -566,627 |
| Notes payable | 3,814,937 | 1,668,367 |
| Proceeds from related parties | 160,000 | - |
| Proceeds from short-term bank loans | - | 0 |
| Repayment of loans from related parties | 5,262,465 | 1,000,000 |
| Dividend paid | 486,298 | 188,222 |
| Net cash used in financing activities | -9,403,700 | -2,856,589 |
| Net decrease in cash and cash equivalents and restricted cash | -1,259,016 | -3,883,213 |
| Effect of exchange rate changes on cash | 472,563 | - |
| Cash and cash equivalents at beginning of period | 8,611,795 | - |
| Cash and cash equivalents at end of period | 3,942,129 | - |
Greenland Technologies Holding Corp. (GTEC)
Greenland Technologies Holding Corp. (GTEC)