For the quarter ending 2025-09-30, KULR had $18,488 increase in cash & cash equivalents over the period. -$9,565,876 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -6,973,915 | -10,664,509 |
| Amortization of debt discount | 0 | 82,878 |
| Non-cash operating lease expense | 161,081 | 271,065 |
| (gain) loss on debt extinguishment | 0 | 50,000 |
| Depreciation and amortization expense | 330,971 | 589,723 |
| Credit losses on accounts receivable | 780,643 | - |
| Impairment of equity investment | 3,325,045 | - |
| Credit loss on convertible loan receivable | 1,832,690 | - |
| Impairment of equipment deposits | 0 | 1,355,174 |
| Change in fair value of accrued issuable equity | 89,815 | 319,276 |
| Change in fair value of digital assets | 6,837,563 | 7,619,060 |
| Stock-based compensation | 1,288,074 | 3,222,167 |
| Mining of digital assets | 4,396,603 | 1,688,849 |
| Accounts receivable billed | -398,598 | 1,205,992 |
| Accounts receivable unbilled | 722,895 | 286,785 |
| Inventory | 12,486 | 226,656 |
| Inventory deposits | 259,288 | 198,604 |
| Prepaid expenses and other current assets | -2,595,171 | 4,236,870 |
| Accounts payable | -574,863 | -248,566 |
| Accrued expenses and other current liabilities | 7,521 | -240,984 |
| Operating lease liabilities | -169,036 | -246,446 |
| Deferred revenue | -2,152 | -9,127 |
| Total adjustments | -2,344,907 | -11,056,208 |
| Net cash used in operating activities | -9,318,822 | -21,720,717 |
| Loan receivable | 1,832,690 | - |
| Equity investments | 0 | 3,325,045 |
| Equipment deposits | -17,577 | 77,340 |
| Purchases of property and equipment | 247,054 | 334,648 |
| Purchases of digital assets | 9,799,993 | 69,900,009 |
| Net cash used in investing activities | -11,862,160 | -73,637,042 |
| Proceeds from atm equity financing | 17,827,544 | 89,484,074 |
| Issuance costs on atm equity financing | 445,689 | 2,239,735 |
| Proceeds from exercise of stock options | 3,250 | 7,565 |
| Repayments of notes payable | 0 | 577,674 |
| Proceeds from loan payable | 8,000,000 | - |
| Repayments of loan payable | 4,200,000 | - |
| Payments for deferred financing costs | -14,984 | 577,000 |
| Repayment of finance lease liability | 619 | 1,221 |
| Net cash provided by financing activities | 21,199,470 | 86,096,009 |
| Net decrease in cash | 18,488 | -9,261,750 |
| Cash and cash equivalents at beginning of period | 29,831,858 | - |
| Cash and cash equivalents at end of period | 20,588,596 | - |
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. (KULR)