For the quarter ending 2026-03-31, MAMO had -$1,640,777 decrease in cash & cash equivalents over the period. -$1,639,195 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Loss on litigation | - | 0 | 0 | 0 |
| Related party payable | - | - | 0 | - |
| Common stock issued for services | - | 0 | - | - |
| Amortization of share-based compensation related to rsu granted | 0 | 307,379 | - | - |
| Addition of inventories reserve, net | - | 0 | 0 | - |
| Due to shareholder | - | - | - | 0 |
| Advance to suppliers | 0 | -148,375 | 0 | 242,702 |
| Accretion of finance lease liabilities | - | - | 669 | 1,680 |
| Impairment of advance to suppliers | - | 0 | 0 | - |
| Due from a related party | 0 | 0 | 0 | -8,576 |
| Non-cash operating lease expense | 424,608 | 526,631 | 534,753 | 1,036,202 |
| Provision of allowance for expected credit loss | -25,995 | 115,899 | 19,248 | -25,465 |
| Unrealized loss on crypto | 135,125 | 92,337 | - | - |
| Rsu compensation | - | - | 307,379 | - |
| Loss/(gain) on disposal of fixed asset | -24,346 | 0 | 0 | 0 |
| Share-based compensation for services | - | - | 191,565 | - |
| Amortization of share-based compensation related to options granted | -29,395 | 34,277 | - | 157,288 |
| Deferred income tax recovery | -173,142 | -1,846,494 | 406,775 | -521,498 |
| Accounts receivable | -1,265,771 | 60,262 | -2,728,121 | 3,277,941 |
| Inventories | -2,069,995 | 915,071 | 1,682,146 | -3,848,304 |
| Prepaid and other current assets | -1,989,131 | 1,302,734 | 8,091 | - |
| Other assets | - | - | - | -266,460 |
| Accounts payables | -5,395,782 | 3,027,346 | -1,543,983 | -3,329,249 |
| Other payable, accrued expense and other current liabilities | -57,383 | 111,166 | -70,146 | 23,472 |
| Tax payable | 4,280 | 2,454,344 | 3,842 | 8,998 |
| Warranty liabilities | -8,376 | -86,164 | -62,686 | -201,908 |
| Return liabilities | -728 | -10,823 | -8,656 | -229,943 |
| Contract liabilities | -90,030 | 245,428 | -491,523 | 405,267 |
| Lease liabilities operating lease | -551,055 | -541,677 | -535,496 | -1,042,721 |
| Depreciation | 39,062 | 36,591 | 37,946 | 67,005 |
| Amortization of finance lease right-of-use assets | 10,380 | 13,284 | 10,379 | 20,529 |
| Amortization of share-based compensation related to options granted | - | - | - | 307,379 |
| Net (loss) income | -1,007,550 | 1,993,962 | 1,526,407 | -2,011,028 |
| Purchase of crypto assets | - | 665,670 | - | - |
| Net cash used in operating activities | -1,376,738 | 3,999,789 | 633,230 | -4,731,295 |
| Purchase of short-term investment | 0 | 0 | 0 | 3,000,000 |
| Proceeds from short-term investment | - | 0 | 0 | 3,000,000 |
| Proceed from sales of property and equipment | 10,000 | 0 | 0 | 0 |
| Acquisition of property and equipment | 262,457 | 0 | 65,361 | 0 |
| Net cash (used in) provided by investing activities | -252,457 | -665,670 | -65,361 | 0 |
| Repayment of other loans | 0 | - | 0 | 0 |
| (repayment of) proceeds from other loans | - | 0 | - | - |
| Proceed from common share issuances | - | - | 0 | 0 |
| Deferred offering costs | 0 | 0 | - | - |
| Proceeds from initial public offering, net of share issuance costs | - | 0 | 0 | 0 |
| Due to shareholders | - | - | 400,000 | 3,016,300 |
| Repayment of a loan from a related party | 0 | 3,546,459 | 0 | - |
| Net proceeds from bank loan | - | - | - | 0 |
| Proceeds from subscription deposits | 0 | 0 | 0 | 0 |
| Repayment of finance lease liabilities | 11,582 | 11,581 | 13,262 | 21,482 |
| Net cash (used in) provided by financing activities | -11,582 | -141,740 | -413,262 | -3,037,782 |
| Net decrease in cash and cash equivalents | -1,640,777 | 3,192,379 | - | - |
| Net decrease in cash and cash equivalents | -1,640,777 | 3,192,379 | 154,607 | -7,769,077 |
| Cash and cash equivalents, beginning of the period | 5,787,993 | 2,595,614 | 10,210,084 | - |
| Cash and cash equivalents, end of the period | 4,147,216 | 5,787,993 | 2,595,614 | - |
Massimo Group (MAMO)
Massimo Group (MAMO)