For the year ending 2024-12-31, SING had -$463,427 decrease in cash & cash equivalents over the period. -$2,658,924 in free cash flow.
| Cash Flow | 2024-12-31 |
|---|---|
| Inventory obsolescence | 629,284 |
| Impairment | 9,960,512 |
| Amortization of debt discount | 2,913,510 |
| Financing costs | 3,288,643 |
| Gain on settlement of liabilities | 856,810 |
| Loss on settlement of liabilities | 5,742,370 |
| Change in fair value of derivative liability | 3,368,539 |
| Net loss | -28,934,045 |
| Depreciation | 55,925 |
| Amortization | 425,805 |
| Loss on investments | -134,376 |
| Bad debt expense | 194,558 |
| Stock-based compensation | 2,308,355 |
| Loss from conversion of preferred stock into pre-funded warrants | 0 |
| Loss from settlement of pre-funded warrants | 542,000 |
| Accounts receivable, net | 30,169 |
| Prepaid expenses | -1,269,751 |
| Inventory, net | -1,205,800 |
| Contract assets | 48,348 |
| Accounts payable | 1,269,984 |
| Accrued expenses, including accrued officer salaries | 2,262,561 |
| Accrued warranty liability | -60,947 |
| Unearned revenue | -1,519,305 |
| Net cash used in operating activities | -2,614,729 |
| Cash issued for notes receivable from related party | 10,000 |
| Purchase of property | 44,195 |
| Net cash used in investing activities | -54,195 |
| Proceeds from sale of preferred stock | 0 |
| Proceeds from sale of common stock | 1,339,416 |
| Proceeds from advances from related party | 33,114 |
| Proceeds from advances | 250,000 |
| Proceeds from convertible notes payable | 1,480,000 |
| Proceeds from notes payable | 0 |
| Repayments on advances from related party | 52,696 |
| Repayments on convertible notes payable | 698,035 |
| Repayments on notes payable | 146,302 |
| Payments on lease obligation | 0 |
| Net cash provided by financing activities | 2,205,497 |
| Net increase (decrease) in cash | -463,427 |
SinglePoint Inc. (SING)
SinglePoint Inc. (SING)