For the year ending 2025-12-31, SHAZ had $66,648,219 increase in cash & cash equivalents over the period. -$13,589,659 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss for the period, including noncontrolling interest | -39,815,021 |
| Depreciation | 2,052,411 |
| Share based compensation | 1,761,785 |
| Change in fair value of digital assets | -406,345 |
| Intangible assets (fil) revenue | -133,235 |
| Intangible assets (fil) cost of revenue | 141,338 |
| Amortization of intangible assets | 1,650,000 |
| Income tax benefit (expense) | -216,234 |
| Unrealized (gains) losses on foreign currency exchange | 1,106,756 |
| Change in fair value of convertible notes | -26,030,635 |
| Change in fair value of warranty liability | 445,000 |
| Gain on sale of fixed property and equipment | 945,662 |
| Bad debt expense | 73,434 |
| Debt issuance costs | 5,935,530 |
| Trade and other receivables | -181,427 |
| Other current assets | 239,242 |
| Other long-term assets | -8,963 |
| Trade and other payables | -531,597 |
| Other current liabilities | 2,551,932 |
| Net cash flows from/(used in) operating activities | -2,638,947 |
| Purchase of certificates of deposit | 86,828 |
| Payment for the purchase of property and equipment | 10,950,712 |
| Proceeds from sales of digital assets | 339,412 |
| Investment - texas critical data centers jv | 3,414,432 |
| Cash received as initial deposit related to the sale of tcdc investment | 150,000 |
| Proceeds from sale of property and equipment | 156,965 |
| Net cash flows from/(used in) investing activities | -13,805,595 |
| Proceeds from issuance of common stock, net of issuance costs | 481,299 |
| Issuance costs related to capital raise | 5,731,313 |
| Cash received from convertible note issuance | 89,221,502 |
| Payment for lease liabilities | 3,176,273 |
| Proceeds from issuance of note payable | 2,249,124 |
| Net cash flows from/(used in) financing activities | 83,044,339 |
| Effect of exchange rates changes on cash and cash equivalents | 48,422 |
| Net cash increase/(decreases) in cash and cash equivalents | 66,648,219 |
| Cash and cash equivalents at beginning of period | 4,424,805 |
| Cash and cash equivalents at end of period | 71,073,024 |
SharonAI Holdings Inc. (SHAZ)
SharonAI Holdings Inc. (SHAZ)