HDRNW: the cash flow

MyFinsight

Cash Flow	2026-06-30
Net income (loss)	30,926
Depreciation and amortization	6
Change in fair value of legal settlement liability	9,601
Noncash operating lease expense	81
Change in fair value of simple agreements for future equity	31,846
Change in fair value of warrant liabilities	-5,262
Stock-based compensation	10,634
Prepaid expenses and other current assets	550
Due from stockholder	0
Operating lease liabilities	-50
Other assets	-6
Accounts payable	564
Accrued expenses	710
Net cash used in operating activities	-4,382
Purchases of property and equipment	0
Net cash used in investing activities	0
Proceeds from issuance of simple agreements for future equity	3,295
Proceeds from business combination, net	22,944
Payment of deferred transaction costs	1,397
Net cash provided by financing activities	24,842
Net increase in cash	20,460
Cash - beginning of the period	1,757
Cash - end of the period	22,217

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