For the quarter ending 2026-03-31, XWIN had $3,202,915 increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Effect of exchange rate changes on cash and cash equivalents | 0 | - |
| Stock based compensation expense to employee | 0 | 4,410 |
| Stock based compensation expense to non-employee | 0 | 3,383,250 |
| Unrealized gain | - | 296,420 |
| Loss on impairment of goodwill | 0 | 218,606 |
| Taxes payable | 0 | -1,885,135 |
| Depreciation and amortization | 2,088 | 9,912 |
| Plant, property and equipment written off | 5,091 | 192,726 |
| Amortization of operating lease right-of-use assets | 160,416 | 872,829 |
| Unrecognized gain | -794,212 | - |
| Accounts receivable | 12,113 | 2,408,765 |
| Advance to suppliers | -88,320 | -4,375,224 |
| Inventories | -504,408 | -654,874 |
| Prepaid expenses | -85,782 | -51,845 |
| Other current assets | 83,447 | -69,608 |
| Operating lease liabilities | -170,074 | -836,403 |
| Financing lease liabilities | - | 16,016 |
| Accounts payable | -198,560 | -401,412 |
| Contract liabilities | 30,361 | -364,161 |
| Accrued liabilities and other payables | -453,793 | -690,197 |
| Allowance credit loss | 121 | -109 |
| Net income (loss) | 191,514 | -3,418,578 |
| Write down of inventories | 2,354 | 6,042 |
| Net cash used in operating activities | -641,744 | -445,838 |
| Loan to third party | 5,300,000 | - |
| Investment in fund of preamble capital llc | 3,048,773 | 22,808,208 |
| Net cash used in investing activities | -8,348,773 | -22,808,208 |
| Repayment to loan from shareholder | 0 | 70,079 |
| Repayment to director | - | 6,504 |
| Repayment to sba loan | 898 | 3,441 |
| Principal payment of finance lease liabilities | 5,039 | 32,585 |
| Interest paid on finance lease liabilities | 506 | 2,910 |
| Proceeds from loan from a shareholder | - | 200,000 |
| Proceeds from convertible note | - | 5,000,000 |
| Proceed from issuing common stocks | 12,199,875 | 24,667,871 |
| Net cash provided by financing activities | 12,193,432 | 29,752,352 |
| Net increase (decrease) in cash and cash equivalents | 3,202,915 | - |
| Effect of exchange rate changes on cash and cash equivalents | 0 | 48,132 |
| Net increase (decrease) in cash and cash equivalents | 3,202,915 | 6,546,438 |
| Cash and cash equivalents, beginning of period | 6,708,340 | 161,902 |
| Cash and cash equivalents, ending of period | 9,911,255 | 6,708,340 |
XMax Inc. (XWIN)
XMax Inc. (XWIN)