For the year ending 2024-12-31, NXLIW had -$5,745 decrease in cash & cash equivalents over the period.
| Cash Flow | 2024-12-31 |
|---|---|
| Extinguishment of debt - note payable | 0 |
| Depreciation | 0 |
| Accounts receivable | 0 |
| Accounts payable - related party | 0 |
| Gain on sale of short-term investments | 130,110 |
| Net loss | -7,607,182 |
| Stock compensation | 3,560,509 |
| Amortization | 15,107 |
| Non-cash lease expense | 496 |
| Write off of inventory | 0 |
| Return on investment in joint venture | 95,136 |
| Accounts receivable- related party | 3,674 |
| Prepaid assets | -22,073 |
| Inventory | 18,158 |
| Accounts payable | -3,585 |
| Accrued expenses | -110,539 |
| Accrued expenses - related party | 240,000 |
| Lease liability | -4,463 |
| Net cash (used in) provided by operating activities | -3,944,390 |
| Investment in equity method investment | 0 |
| Sale of short-term investments | 33,224,000 |
| Purchase of short-term investments | 33,631,233 |
| Purchase of patents | 116,812 |
| Purchase of trademarks | 53,494 |
| Net cash (used in) provided by investing activities | -577,539 |
| Payments on notes payable - officer | 0 |
| Sale of common stock for cash, net of financing fees | 4,516,184 |
| Net cash (used in) provided by financing activities | 4,516,184 |
| Net increase (decrease) in cash and cash equivalents | -5,745 |
| Effect of exchange rate changes on cash | 0 |
| Cash and cash equivalents at beginning of period | 580,230 |
| Cash and cash equivalents at end of period | 574,485 |
Nexalin Technology, Inc. (NXLIW)
Nexalin Technology, Inc. (NXLIW)