For the year ending 2025-12-31, SKYQ had -$2,509,208 decrease in cash & cash equivalents over the period. -$3,406,413 in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -12,198,399 | -14,728,511 |
| Share based compensation | 659,134 | 632,205 |
| Depreciation and amortization | 1,192,407 | 793,449 |
| Amortization of debt issuance costs | 1,473,278 | 4,465,636 |
| Amortization of rou asset | 78,488 | 90,990 |
| Loss on issuance of warrants | 0 | 1,936,937 |
| Fair value adjustment of warrants | -361,581 | -1,477,870 |
| Loss on extinguishment of debt | -103,881 | -241,311 |
| Deferred tax benefit | - | 0 |
| Loss (gain) on the sale of assets | 1,652 | -25,075 |
| Accounts receivable | -1,119,209 | -2,393,572 |
| Prepaid expenses and other assets | 82,633 | 224,738 |
| Inventory | -2,470,871 | 712,055 |
| Accounts payable and accrued expenses | 2,354,188 | -857,802 |
| Operating lease liability | -79,968 | -69,777 |
| Net cash and restricted cash and cash equivalents used in operating activities | -3,272,777 | -7,491,578 |
| Proceeds from sale of assets | 14,060 | 0 |
| Purchase of property, plant, and equipment | 133,636 | 789,762 |
| Purchase of property, plant, and equipment | - | 691,491 |
| Purchase of oil and gas development assets | 248,483 | - |
| Net cash and restricted cash and cash equivalents used in investing activities | -368,059 | -1,481,253 |
| Proceeds on lines of credit | 10,283,930 | 36,645,980 |
| Payments on lines of credit | 10,090,920 | 38,446,951 |
| Proceeds from note payable | 3,025,752 | 19,483,052 |
| Payments on note payable | -1,998,958 | -17,032,995 |
| Debt discount on notes payable | 0 | -2,546,660 |
| Payments on finance leases | 0 | 34,417 |
| Proceeds on issuance of preferred stock | 0 | 308,000 |
| Preferred stock offering costs | 0 | -40,874 |
| Proceeds on issuance of common stock | 374 | 11,341,641 |
| Common stock offering costs | 0 | -2,061,665 |
| Payment of debt issuance costs | 85,470 | - |
| Net cash and restricted cash and cash equivalents provided by financing activities | 1,134,708 | 7,615,111 |
| Effects of exchange rate on cash | -3,080 | -8,203 |
| Increase (decrease) in cash and restricted cash and cash equivalents | -2,509,208 | -1,365,923 |
| Cash and cash equivalents and restricted cash, beginning of the period | 3,314,913 | - |
| Cash and restricted cash and cash equivalents, end of the period | 805,705 | - |
Sky Quarry Inc. (SKYQ)
Sky Quarry Inc. (SKYQ)