For the year ending 2025-12-31, MAMO had -$4,422,091 decrease in cash & cash equivalents over the period. -$163,637 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Gain on disposal of property and equipment | 0 |
| Loss on litigation | 0 |
| Common stock issued for services | 0 |
| Addition of inventories reserve, net | 0 |
| Impairment of advance to suppliers | 0 |
| Non-cash operating lease expense | 2,097,586 |
| Changes in fair value of crypto assets | 92,337 |
| Amortization of share-based compensation related to options granted | 191,565 |
| Amortization of share-based compensation related to rsu granted | 307,379 |
| Deferred income tax recovery | -1,961,217 |
| Accounts receivable | 610,082 |
| Inventories | -1,251,087 |
| Advance to suppliers | 94,327 |
| Prepaid and other current assets | 1,310,825 |
| Due from a related party | -8,576 |
| Accounts payables | -1,845,886 |
| Other payable, accrued expense and other current liabilities | 64,492 |
| Tax payable | 2,467,184 |
| Accrued warranty liabilities | -350,758 |
| Accrued return liabilities | -249,422 |
| Contract liabilities | 159,172 |
| Lease liabilities operating lease | -2,119,894 |
| (reversal of) provision of allowance for expected credit loss | 109,682 |
| Depreciation | 141,542 |
| Amortization of finance lease right-of-use assets | 44,192 |
| Net income and comprehensive income | 1,509,341 |
| Net cash provided by operating activities | -98,276 |
| Proceed from sales of property and equipment | 0 |
| Purchase of crypto assets | 665,670 |
| Purchase of short-term investment | 3,000,000 |
| Proceeds from short-term investment | 3,000,000 |
| Acquisition of property and equipment | 65,361 |
| Net cash used in investing activities | -731,031 |
| (repayment of) proceeds from other loans | 0 |
| Deferred offering costs | 0 |
| Proceeds from initial public offering, net of share issuance costs | 0 |
| Proceeds from subscription deposits | 0 |
| Repayment of finance lease liabilities | 46,325 |
| Repayment of loan from a related party | 3,546,459 |
| Net cash provided by (used in) financing activities | -3,592,784 |
| Net increase (decrease) in cash and cash equivalents | -4,422,091 |
| Net increase (decrease) in cash and cash equivalents | -4,422,091 |
| Cash and cash equivalents, beginning of the year | 10,210,084 |
| Cash and cash equivalents, end of the year | 5,787,993 |
Massimo Group (MAMO)
Massimo Group (MAMO)