IKT: the cash flow

MyFinsight

For the year ending 2025-12-31, IKT had $82,729,629 increase in cash & cash equivalents over the period. -$27,799,863 in free cash flow.

Cash Flow	2025-12-31
Net loss	-48,259,189
Depreciation	60,499
Stock-based compensation expense	15,309,924
Write-off of in-process research and development	7,357,294
Change in fair value contingent consideration	1,373,942
Non-cash accretion on marketable securities	936,975
Operating lease right of use assets	101,437
Prepaid expenses and other assets	-532,732
Prepaid research and development	1,920,685
Other assets	95,121
Accounts payable	146,827
Operating lease liabilities	110,517
Accrued expenses and other current liabilities	1,401,252
Net cash used in operating activities	-27,786,464
Purchases of equipment and improvements	13,399
Purchases of investments - marketable securities	39,094,847
Maturities of investments - marketable securities	41,600,000
Acquired in-process research and development	438,624
Net cash provided by (used in) investing activities	2,053,130
Proceeds from issuance of common stock, pre-funded warrants and warrants, net of issuance costs	107,617,495
Issuance of common stock from exercise of stock options	845,468
Net cash provided by financing activities	108,462,963
Net increase in cash and cash equivalents	82,729,629
Cash and cash equivalents at beginning of year	56,490,579
Cash and cash equivalents at end of year	139,220,208

Unit: Dollar.