The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss) income | -1,430,668 | -43,992,626 | -4,092,145 | 7,080,771 |
| Depreciation and amortization | 67,400 | 87,584 | 68,458 | 138,400 |
| Stock based compensation | 277,654 | 1,642,825 | 349,226 | 957,869 |
| Non-cash gain related to adjustment of note payable balance | - | 257,512 | - | - |
| Amortization of debt discount | 30,110 | - | - | - |
| Accounts receivable | 10,514 | -450 | 449 | 4,112 |
| Prepaid expenses | -103,439 | -93,642 | -82,338 | 139,453 |
| Deferred offering costs | 460,915 | - | - | - |
| Other current assets | 371,163 | -177,721 | -177,721 | 431,608 |
| Accounts payable and accrued expenses | 2,043,286 | -730,081 | 1,015,289 | 1,118,918 |
| Proceeds from issuance of common stock from exercise of warrants | - | 0 | 430,022 | 241,546 |
| Issuance costs in connection with the private placement | - | - | - | 0 |
| Issuance costs in connection with private placement | - | 0 | 0 | - |
| Excise taxes | 95,858 | 13,648 | 13,648 | 27,296 |
| Cash used to settle fractional shares | - | 0 | 0 | 460 |
| Repayment of related party payable | - | 0 | 0 | 0 |
| Due to related party | 75,000 | - | - | - |
| Capital contributions from global graphene group | - | 0 | 0 | 0 |
| Change in fair value of derivative liabilities | -561,350 | 38,214,977 | 2,237,050 | -12,201,300 |
| Cash received from nubi trust | - | 0 | 0 | 0 |
| Equity compensation expense | 0 | 3,820,451 | 0 | 671 |
| Other non-current assets | - | - | - | 0 |
| Discount payment related to non redemption agreement | - | 0 | 0 | 0 |
| Non-cash interest expense | 0 | -202,920 | - | 202,920 |
| Issuance of common stock and warrants | - | - | 0 | 0 |
| Reimbursement of consideration shares related to the forward purchase agreement | - | 0 | 0 | 0 |
| Other receivable | - | - | 0 | 0 |
| Loss on issuance of common stock and warrants | - | 0 | - | - |
| Reimbursement of recycled shares related to forward purchase agreement | - | 0 | 0 | 0 |
| Inventory | - | 0 | 0 | 0 |
| Income taxes payable | 0 | 0 | 0 | -6,369 |
| Transaction expenses in connection with the merger | - | 0 | 0 | 0 |
| Purchases of property and equipment | - | 0 | 0 | 117,812 |
| Net cash used in operating activities | -141,863 | -928,921 | -351,784 | -3,255,997 |
| Inflow from merger | - | 0 | 0 | 0 |
| Capitalized patent costs | 23,975 | 26,860 | 32,384 | 63,686 |
| Proceeds from convertible notes | - | 0 | 0 | 0 |
| Net cash used in investing activities | -23,975 | -26,860 | -32,384 | -181,498 |
| Proceeds from short-term notes | - | 1,000,000 | 0 | 0 |
| Repayment of short-term notes | 0 | 0 | 0 | 42,671 |
| Proceeds from issuance of common stock from exercise of warrants | 0 | 0 | 0 | 0 |
| Net cash provided by financing activities | 0 | 1,000,000 | 430,022 | 198,415 |
| Net change in cash | -165,838 | 44,219 | 45,854 | -3,239,080 |
| Cash at beginning of period | 204,725 | 160,506 | 114,652 | 3,353,732 |
| Cash at end of period | 38,887 | 204,725 | 160,506 | 114,652 |
Solidion Technology Inc. (STI)
Solidion Technology Inc. (STI)