← Xiao-I Corp
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | $3.4m | ($6.0m) | ($27.0m) | ($14.6m) | ($101.8m) | ($101.8m) | |
| Net loss | ($7.1m) | $3.4m | ($6.0m) | ($27.0m) | ($14.6m) | ($101.8m) | — | |
| Net Income (Loss) Attributable to Parent | — | $3.7m |
($5.9m)
-260.38%
|
($26.5m)
-348.62%
|
($14.5m)
+45.18%
|
($101.2m)
-597.81%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($313k) | ($107k) | ($544k) | ($46k) | ($605k) | — | |
| Depreciation, Depletion and Amortization | $169k | $173k | $182k | $693k | $540k | $121k | $170k | |
| Amortization of Intangible Assets | — | — | — | $449k | $50k | $34k | — | |
| Depreciation | $169k | $65k | $79k | $244k | $490k | $87k | $170k | |
| Right-of-use assets amortization | $1.4m | $1.1m | $713k | $616k | $604k | $49k | — | |
| Depreciation Amortization Depletion | — | — | $895k | $1.3m | $1.1m | $170k | $170k | |
| Deferred Income Tax Expense (Benefit) | — | $535k | $661k | $3.8m | $0 | $0 | $0 | |
| Deferred Other Tax Expense (Benefit) | — | — | $661k | $3.8m | — | — | — | |
| Deferred tax expenses | ($236k) | $535k | $661k | $3.8m | $0 | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | $1.6m | $5.9m | $5.9m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $1.6m | $5.8m | $5.9m | |
| Share-based compensation expenses | — | — | — | — | $1.6m | $5.9m | $5.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $155k | $558k | — | — | — | |
| Impairment on equity investment | — | — | — | $151k | — | $2.5m | — | |
| Asset Impairment Charge | — | — | $155k | $708k | $0 | $2.5m | $2.5m | |
| Income (Loss) from Equity Method Investments | — | ($157k) | ($143k) | ($156k) | ($82k) | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | $717k | $2.3m | — | |
| Loss from equity investment | $207k | $157k | $143k | $156k | $82k | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | $143k | ($53k) | $82k | $0 | $0 | |
| Nonoperating Income (Expense) | — | ($1.1m) | ($2.2m) | ($1.3m) | ($1.7m) | ($5.2m) | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($8.6m) | $10.5m | ($14.0m) | $26.5m | $26.5m | |
| Increase (Decrease) in Accounts Receivable | — | $23.4m | $15.0m | ($11.1m) | $30.4m | ($3.5m) | $3.3m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $271k | $2.1m | ($5.1m) | $2.1m | $45.8m | $3.3m | |
| Accounts receivable | ($701k) | ($23.4m) | ($15.0m) | $11.1m | ($30.4m) | $3.5m | $3.3m | |
| Change In Receivables | — | — | ($15.0m) | $11.2m | ($30.5m) | $3.3m | $3.3m | |
| Changes In Account Receivables | — | — | ($15.0m) | $11.1m | ($30.4m) | $3.5m | $3.3m | |
| Increase (Decrease) in Inventories | — | $495k | $2.1m | ($123k) | ($52k) | ($14k) | $14k | |
| Inventory Write-down | — | — | $155k | $558k | — | — | — | |
| Written-down of inventories | — | — | $155k | $558k | — | — | — | |
| Inventories | $257k | ($495k) | ($2.1m) | $123k | $52k | $14k | $14k | |
| Change In Inventory | — | — | ($2.1m) | $123k | $52k | $14k | $14k | |
| Increase (Decrease) in Accounts Payable | ($614k) | $3.4m | $4.1m | $4.8m | $14.1m | $12.1m | $12.1m | |
| Change In Payables And Accrued Expense | — | — | $9.4m | $3.8m | $19.1m | $20.4m | $12.1m | |
| Purchases of property and equipment, accrued but unpaid | — | $19k | $107k | $2.2m | $368k | $42k | ($42k) | |
| Deferred revenue | ($11k) | $1.0m | ($179k) | ($829k) | $787k | $458k | — | |
| Accrued expenses and other current liabilities | $1.0m | $2.7m | $5.2m | ($1.2m) | $5.1m | $7.1m | — | |
| Accrued liabilities, non-current | $5.0m | ($1k) | — | $459k | — | $1.4m | $8.5m | |
| Accrued expense and other liabilities, non-current converted into current | — | — | — | $606k | $512k | — | — | |
| Change In Accrued Expense | — | — | $5.2m | ($786k) | $5.1m | $8.5m | $8.5m | |
| (Recovery of allowance)/Allowance for prepaid expenses and other current and non-current assets | — | $1.4m | — | ($1.1m) | $7.0m | $1.1m | — | |
| Prepaid expenses and other current assets | $957k | ($11k) | ($1.2m) | ($2.5m) | ($2.2m) | ($645k) | — | |
| Change In Other Current Liabilities | — | — | ($893k) | ($1.1m) | ($647k) | $506 | $506 | |
| Net Cash Provided by (Used in) Operating Activities | ($3.5m) |
($11.9m)
-243.25%
|
($10.9m)
+8.11%
|
($15.8m)
-44.55%
|
($15.1m)
+4.12%
|
($3.7m)
+75.63%
|
($3.7m)
0.00%
|
|
| Cash flows from investing activities: | ||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $15k | $96k | — | $3k | $81k | ($1.7m) | $1.7m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $15k | $31k | — | ($3k) | ($81k) | ($1.8m) | $1.7m | |
| Payments to Acquire Property, Plant, and Equipment | ($20k) | $19k | $107k | $2.2m | $368k | $42k | ($42k) | |
| Gain (Loss) on Investments | — | ($157k) | ($143k) | $76k | ($82k) | — | $592k | |
| Payments to Acquire Investments | — | — | — | $918k | — | — | — | |
| Net Other Investing Changes | — | — | — | ($17.1m) | ($97k) | — | ($97k) | |
| Net Cash Provided by (Used in) Investing Activities | — | $77k | ($2.9m) | ($20.1m) | ($469k) | $42k | $42k | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($196k) | ($417k) | — | |
| Induced Conversion of Convertible Debt Expense | — | $405k | $686k | — | — | — | — | |
| Proceeds from short borrowings | $10.4m | $11.4m | $21.3m | $26.8m | $34.0m | $10.4m | — | |
| Repayments of short-term borrowings | ($11.0m) | ($16.5m) | ($10.6m) | ($18.3m) | ($27.1m) | ($15.4m) | — | |
| Proceeds from interests-free borrowings from related parties | $1k | $16.8m | $2.3m | — | $150k | — | — | |
| Repayments of interests-free borrowings from related parties | — | ($6.9m) | ($2.3m) | ($32k) | ($417k) | ($150k) | — | |
| Repayments of borrowings from related parties | — | — | — | ($1.4m) | ($813k) | — | — | |
| Proceeds from borrowings from third-parties | $2.9m | $15.1m | $8.0m | $4.6m | $5.7m | $3.1m | — | |
| Repayments of borrowings from third-parties | ($507k) | ($7.7m) | ($2.1m) | ($6.4m) | ($1.2m) | ($3.5m) | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $1.4m | $5.9m | |
| Issuance Of Debt | — | — | $31.5m | $31.8m | $44.4m | $24.8m | $5.9m | |
| Long Term Debt Issuance | — | — | $10.3m | $5.0m | $5.9m | $5.9m | $5.9m | |
| Net Issuance Payments Of Debt | — | — | $14.9m | $2.1m | $14.9m | $5.7m | $5.7m | |
| Net Long Term Debt Issuance | — | — | $4.3m | ($2.8m) | $3.4m | $2.2m | $2.2m | |
| Net Short Term Debt Issuance | — | — | $10.6m | $4.9m | $11.4m | $3.5m | $3.5m | |
| Short Term Debt Issuance | — | — | $21.3m | $26.8m | $38.5m | $18.9m | $18.9m | |
| Long Term Debt Payments | — | — | ($6.0m) | ($7.8m) | ($2.5m) | ($3.7m) | ($3.7m) | |
| Repayment Of Debt | — | — | ($16.6m) | ($29.7m) | ($29.6m) | ($19.1m) | ($3.7m) | |
| Short Term Debt Payments | — | — | ($10.6m) | ($22.0m) | ($27.1m) | ($15.4m) | ($15.4m) | |
| Issuance Of Capital Stock | — | — | $0 | $34.4m | $980k | $0 | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $980k | — | $0 | |
| Common Stock Issuance | — | — | $0 | $34.4m | $980k | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | $1.8m |
$12.2m
+580.15%
|
$13.5m
+10.77%
|
$36.5m
+170.04%
|
$15.8m
-56.57%
|
$5.7m
-63.89%
|
$5.7m
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $485k | ($286k) | $538k | ($718k) | $1.6m | $2.4m | |
| Beginning Cash Position | — | — | $1.3m | $1.0m | $1.6m | $847k | $847k | |
| Cash, cash equivalents and restricted cash, at beginning of year | $827k | $1.3m | $1.0m | $1.6m | $847k | $2.4m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $102k | ($12k) | ($85k) | ($951k) | ($483k) | ($483k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.3m | $1.0m | $1.6m | $847k | $2.4m | $2.4m | |
| Net change in cash, cash equivalents and restricted cash | ($2.5m) | $485k | ($286k) | $538k | ($718k) | $1.6m | — | |
| Effect of exchange rate changes | ($798k) | $102k | ($12k) | ($85k) | ($951k) | ($483k) | ($483k) | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Gain (Loss) on Disposition of Intangible Assets | — | $23k | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $552k | $661k | $3.8m | — | — | — | |
| Operating Lease, Expense | — | $1.2m | $791k | $721k | $670k | $181k | — | |
| Interest expenses from convertible loans | — | — | — | — | $196k | $417k | — | |
| Interest expenses on loans from shareholder | — | — | — | $522k | $450k | $420k | — | |
| Noncash investing and financing activities: | ||||||||
| Additional Financial Items | ||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | $11k | ($69k) | $3k | $4k | ($148k) | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | ($20k) | — | — | |
| General and Administrative Expense | — | $6.7m | $6.0m | $4.4m | $22.9m | $76.6m | — | |
| Operating Expenses | — | $16.6m | $33.9m | $61.3m | $60.9m | $102.1m | — | |
| Payments of Financing Costs | — | — | $1.4m | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $32.5m | $48.2m | $59.2m | $70.3m | $12.3m | — | |
| (Recovery of allowance)/ Allowance for credit losses | $758k | $271k | $2.1m | ($5.1m) | $2.1m | $45.8m | — | |
| Allowance for amount due from a related party | — | — | $21k | — | — | $13.7m | — | |
| Loss from lease termination and modification | — | — | — | $592k | $20k | — | — | |
| Contract costs | $314k | ($608k) | $1.4m | $264k | ($868k) | $703k | — | |
| Amount due from related parties | ($4k) | ($369k) | — | $48k | ($108k) | ($124k) | — | |
| Amount due to related parties | $208k | ($56k) | $100k | ($135k) | ($85k) | ($152k) | — | |
| Lease payment liabilities | ($1.3m) | ($1.1m) | ($893k) | ($1.1m) | ($647k) | $506 | — | |
| Prepaid expenses and other non-current assets | ($3.8m) | $61k | ($58k) | ($409k) | $222k | ($979k) | — | |
| Purchase of intangible assets | ($21k) | — | ($308) | ($41k) | ($3k) | — | — | |
| Loan to third parties | — | — | — | ($7.9m) | ($97k) | — | — | |
| Repayment of convertible loans | — | — | ($1.6m) | ($3.7m) | — | — | — | |
| Proceeds from convertible loans | — | — | — | — | $4.5m | $8.5m | — | |
| Recognition of right-of-use assets and lease payment liabilities | — | — | $467k | $2.8m | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | $13.5m | $36.5m | $15.8m | $5.7m | $5.7m | |
| Cash Flow From Continuing Investing Activities | — | — | ($2.9m) | ($20.1m) | ($469k) | $42k | $42k | |
| Change In Account Payable | — | — | $4.1m | $4.8m | $14.1m | $12.1m | $12.1m | |
| Change In Income Tax Payable | — | $18k | ($17k) | $0 | $0 | — | $0 | |
| Change In Other Working Capital | — | — | $1.3m | ($565k) | ($80k) | $1.2m | $1.2m | |
| Change In Payable | — | — | $4.2m | $4.6m | $14.0m | $11.9m | $12.1m | |
| Change In Prepaid Assets | — | — | ($1.2m) | ($2.9m) | ($1.9m) | $1.5m | $1.5m | |
| Change In Tax Payable | — | $18k | ($17k) | $0 | $0 | — | $0 | |
| Changes In Cash | — | — | ($273k) | $624k | $233k | $2.1m | $2.1m | |
| End Cash Position | — | — | $1.0m | $1.6m | $847k | $2.4m | $2.4m | |
| Financing Cash Flow | — | — | $13.5m |
$36.5m
+170.04%
|
$15.8m
-56.57%
|
$5.7m
-63.89%
|
$5.7m
0.00%
|
|
| Free Cash Flow | — | — | ($11.0m) | ($18.0m) | ($15.5m) | ($3.7m) | ($3.7m) | |
| Gain Loss On Sale Of PPE | — | — | $0 | $3k | $81k | $1.7m | $1.7m | |
| Investing Cash Flow | — | — | ($2.9m) | ($20.1m) | ($469k) | $42k | $42k | |
| Net Business Purchase And Sale | — | — | ($2.7m) | ($918k) | $0 | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | $0 | $522k | $450k | — | $450k | |
| Net Intangibles Purchase And Sale | — | — | ($308) | ($41k) | ($3k) | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | ($107k) | ($2.2m) | ($368k) | $42k | $42k | |
| Net Preferred Stock Issuance | — | — | $0 | $731 | $0 | $0 | $0 | |
| Operating Gains Losses | — | — | $70k | ($50k) | $162k | $1.7m | $1.7m | |
| Other Non Cash Items | — | — | ($239k) | $1.1m | $665k | $838k | — | |
| Provisionand Write Offof Assets | — | — | $2.2m | ($6.2m) | $9.9m | $60.6m | $60.6m | |
| Purchase Of Business | — | — | ($2.7m) | ($918k) | $0 | $0 | $0 | |
| Purchase Of Intangibles | — | — | ($308) | ($41k) | ($3k) | $0 | $0 | |
| Purchase Of PPE | — | — | ($107k) | ($2.2m) | ($368k) | ($42k) | ($42k) | |
| Sale Of Business | — | $0 | $0 | $165k | $0 | — | $0 | |
| Sale Of PPE | — | — | $0 | $0 | $0 | $84k | $84k | |
| Stock Based Compensation | — | — | $0 | $0 | $1.6m | $5.9m | $5.9m | |
| Net Investment Purchase And Sale | — | — | $0 | $165k | $0 | $0 | $0 | |
| Sale Of Investment | — | — | $0 | $165k | $0 | $0 | $0 | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | ($286k) | $538k | ($718k) | $1.6m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $748k | $122k | $609k | $3.8m | $1.6m | $3.1m | — | |
| Income Taxes Paid, Net | $52k | ($36k) | $2 | $0 | $0 | $0 | — |