| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -8,623 | -5,071 |
| Depreciation expense | 42 | 12 |
| Amortization of debt issuance costs | 283 | 120 |
| Stock-based compensation | 872 | 611 |
| Amortization of right-of-use assets | 421 | 280 |
| Cost from issuance of common stock | - | 0 |
| Change in fair value of warrant liabilities | 932 | 1,196 |
| Change in fair value of notes payable | 220 | 220 |
| Issuances of shares for borrowing related costs | -241 | -241 |
| Accounts receivable | -1,515 | -1,038 |
| Unbilled revenue | - | 0 |
| Inventory | 29 | 37 |
| Prepaid expenses | -583 | -355 |
| Other assets | 72 | -132 |
| Accounts payable | -1,497 | -2,049 |
| Accrued expenses | -735 | -663 |
| Deferred revenue | -721 | -536 |
| Lease liabilities | -360 | -276 |
| Net cash used in operating activities | -7,368 | -4,867 |
| Proceeds from notes payable - related party | - | 0 |
| Proceeds from issuance of common stock and warrants, net of issuance costs | 3,080 | 3,080 |
| Proceeds from notes payable, net of borrowing costs | 8,260 | 8,260 |
| Payments for notes payable | 1,375 | 1,313 |
| Proceeds from warrant exercises | 1,992 | - |
| Stock option exercises | 713 | 158 |
| Net cash provided by financing activities | 12,670 | 10,185 |
| Effect of exchange rate changes on cash | 36 | 49 |
| Net increase/(decrease) in cash | 5,338 | 5,367 |
| Cash and cash equivalents at beginning of period | 5,157 | - |
| Cash and cash equivalents at end of period | 10,495 | - |
Spectral AI, Inc. (MDAI)
Spectral AI, Inc. (MDAI)