← CIRCLE8 GROUP INC
| 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 loss | ($1.0m) | ($3.7m) | ($4.1m) | ($5.6m) | ($135.5m) | ($59.4m) | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($1.0m) | ($3.7m) | ($4.1m) | ($5.6m) | ($135.5m) | ($59.4m) | — | |
| Depreciation, Depletion and Amortization | — | — | $88k | $154k | $5.0m | $4.9m | $9.9m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | ($40k) | $594k | $210k | — | |
| Amortization of Intangible Assets | — | — | — | — | $4.8m | $4.8m | — | |
| Depreciation | $109k | $86k | $88k | $154k | $199k | $135k | $9.9m | |
| Amortization, deferred financing cost | — | — | — | $673k | $594k | $210k | — | |
| Depreciation and amortization expense | — | — | — | $5.0m | $5.0m | $4.9m | $9.9m | |
| Right-of-use amortization expense | — | — | — | — | $1.7m | $1.7m | — | |
| Depreciation Amortization Depletion | — | — | $88k | $5.0m | $6.7m | $6.6m | $9.9m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | ($5.1m) | $5.2m | $0 | $0 | |
| Deferred Tax | — | — | — | ($5.1m) | $5.2m | $0 | $0 | |
| Share-based Payment Arrangement, Noncash Expense | $20k | $334k | $257k | $392k | $45.2m | $36.1m | $33.9m | |
| Share-based Payment Arrangement, Expense | — | $3k | $711k | — | $45.2m | $36.1m | $33.9m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $20k | $334k | $257k | — | — | — | $33.9m | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | $106k | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $1.7m | — | |
| Asset Impairment Charge | — | — | $79k | $1.5m | $957k | $1.0m | $2.3m | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($155k) | $204k | $14.3m | $10.2m | ($6.4m) | |
| Increase (Decrease) in Accounts Receivable | ($24k) | — | ($10k) | — | $6.2m | $2.7m | ($27.8m) | |
| Accounts receivable | $24k | — | $10k | $659k | ($6.2m) | ($2.7m) | ($27.8m) | |
| Unbilled accounts receivable | — | — | — | $646k | ($3.7m) | $5.1m | — | |
| Change In Receivables | — | — | ($16k) | ($384k) | ($9.9m) | $2.4m | ($27.8m) | |
| Changes In Account Receivables | — | — | $10k | $659k | ($6.2m) | ($2.7m) | ($27.8m) | |
| Increase (Decrease) in Inventories | ($81k) | $21k | $21k | — | — | — | — | |
| Inventory Write-down | — | — | $79k | — | — | — | — | |
| Change In Inventory | — | ($21k) | ($21k) | $0 | — | — | — | |
| Increase (Decrease) in Accounts Payable | ($36k) | $10k | ($249k) | ($99k) | $1.2m | $3.1m | $5.1m | |
| Change In Payables And Accrued Expense | — | — | ($65k) | $5.2m | $34.0m | $11.0m | $5.1m | |
| Accrued expenses and other current liabilities | — | — | — | $5.2m | $31.7m | $10.0m | — | |
| Change In Accrued Expense | — | — | $184k | $5.2m | $31.7m | $10.0m | $22.1m | |
| Prepaid expenses and other current assets | — | — | — | ($3.0m) | ($1.0m) | ($265k) | — | |
| Other assets | — | ($36k) | ($68k) | $36k | ($230k) | ($1.3m) | — | |
| Change In Other Current Assets | — | — | ($68k) | $899k | ($230k) | ($1.3m) | ($4.9m) | |
| Change In Other Current Liabilities | — | — | — | ($1.5m) | ($8.6m) | ($1.7m) | ($1.9m) | |
| Net Cash Provided by (Used in) Operating Activities | ($758k) |
($2.0m)
-162.55%
|
($3.7m)
-84.06%
|
($5.0m)
-36.64%
|
($6.0m)
-19.59%
|
($4.4m)
+26.54%
|
($28.9m)
-556.25%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $14k | $40k | $62k | $73k | $67k | ($95k) | |
| Gain (Loss) on Sale of Investments | — | — | — | $106k | — | — | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | $43k | $55k | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($6.0m) | $1.8m | $4.1m | ($73k) | ($67k) | ($95k) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | $934k | — | $190k | ($1.2m) | $0 | — | |
| Bad debt expense | — | — | — | $78k | $957k | $1.0m | — | |
| Loss on debt extinguishment | — | — | — | $190k | $1.2m | $0 | — | |
| Borrowings on revolving line of credit | — | — | — | $406.3m | $440.1m | $478.4m | — | |
| Borrowings on other debt | — | — | — | — | $0 | $4.0m | — | |
| Payments on other debt | — | — | — | — | $0 | ($734k) | — | |
| Borrowings on notes payable | — | — | — | — | $1.9m | $0 | — | |
| Debt issuance costs payment | — | — | — | ($40k) | ($320k) | ($290k) | — | |
| Derecognition of debt, net related to debt deconsolidation | — | — | — | $0 | ($68.9m) | $0 | — | |
| Unpaid debt issuance costs added to Term Note | — | — | — | $0 | $600k | $0 | — | |
| Issuance Of Debt | — | — | $0 | $406.3m | $442.0m | $482.4m | $5.6m | |
| Long Term Debt Issuance | — | — | $0 | $406.3m | $1.9m | $4.0m | $5.6m | |
| Long Term Debt Payments | — | — | $0 | ($397.5m) | ($320k) | ($6.3m) | $1.8m | |
| Net Issuance Payments Of Debt | — | — | $0 | $8.8m | ($1.3m) | $3.9m | $13.6m | |
| Net Long Term Debt Issuance | — | — | $0 | $8.8m | $1.6m | ($2.3m) | $7.4m | |
| Net Short Term Debt Issuance | — | — | — | $0 | ($2.9m) | $6.2m | $6.2m | |
| Repayment Of Debt | — | — | $0 | ($397.5m) | ($443.3m) | ($478.5m) | $1.8m | |
| Short Term Debt Issuance | — | — | — | — | $440.1m | $478.4m | $478.4m | |
| Short Term Debt Payments | — | — | — | $0 | ($443.0m) | ($472.2m) | ($472.2m) | |
| Proceeds from Issuance of Common Stock | — | $13.0m | — | $1.8m | — | — | — | |
| Common Stock Issuance | — | $13.8m | $0 | $1.8m | — | — | — | |
| Issuance Of Capital Stock | — | $13.8m | $0 | $1.8m | — | — | — | |
| Net Other Financing Charges | — | ($1.6m) | — | ($40k) | $6.7m | — | ($188k) | |
| Net Cash Provided by (Used in) Financing Activities | $752k |
$12.0m
+1495.10%
|
— | $1.5m |
$5.4m
+268.68%
|
$3.9m
-28.20%
|
$52.7m
+1264.07%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($363k) | ($674k) | ($598k) | $25.3m | |
| Cash and Cash Equivalents – Beginning of period | — | $4.0m | $2.2m | $2.7m | $679k | $81k | — | |
| Beginning Cash Position | — | — | $4.0m | $1.7m | $1.4m | $679k | $1.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $2.2m | $2.7m | $679k | $81k | $25.3m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $358k | $6.9m | $4.8m | — | |
| Income Taxes Paid, Net | — | — | — | ($1.0m) | $17k | ($504k) | — | |
| Additional Financial Items | ||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | $55k | — | — | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | $196k | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | $196k | — | — | — | — | — | |
| General and Administrative Expense | $777k | $2.2m | $2.5m | $3.5m | — | — | — | |
| Income Tax Expense (Benefit) | — | — | — | — | $5.4m | $34k | — | |
| Interest Expense Nonoperating | — | — | — | — | $12.0m | $9.2m | — | |
| Investment Income, Interest | — | $36k | — | — | — | — | — | |
| Operating Expenses | $1.1m | $2.7m | $4.1m | $5.7m | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | $279k | $162k | $77k | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | $43k | — | — | — | — | — | |
| Settlement claim to be paid in shares | — | — | — | $0 | $11.1m | $0 | — | |
| Shares issued for services | — | — | $112k | $21k | $43.0m | $836k | — | |
| Share based compensation | $20k | $334k | $257k | $392k | $45.2m | $36.1m | $33.9m | |
| Deposits | — | — | — | $8k | $5k | ($8k) | — | |
| Due to related parties | — | — | — | ($550k) | $1.0m | ($2.1m) | — | |
| Income taxes payable | — | — | — | ($66k) | $14k | $0 | — | |
| Contingent consideration liability | — | — | — | $0 | ($6.9m) | $0 | — | |
| Operating lease liability | — | — | — | ($1.5m) | ($291k) | ($1.7m) | — | |
| Payments on revolving line of credit | — | — | — | ($397.5m) | ($443.0m) | ($471.4m) | — | |
| Repayments of Notes Payable | — | ($270k) | — | — | $0 | $6.1m | — | |
| Deemed capital contribution from recapitalization | — | — | — | $0 | $6.7m | $0 | — | |
| Net decrease in cash and cash equivalents | — | — | — | ($363k) | ($674k) | ($598k) | — | |
| Interest | — | — | — | $9.2m | $6.9m | $4.8m | $6.0m | |
| Settlement shares issued to legacy stockholders | — | $3.2m | — | — | $0 | $2.4m | — | |
| Accretion of redeemable units to redemption value | — | — | — | $499k | $133k | $0 | — | |
| Notes payable issued for amounts due under contingent consideration arrangements | — | — | — | $0 | $6.9m | $0 | — | |
| Deemed capital contribution | — | — | — | $3.2m | $1.0m | $0 | — | |
| Change in related parties | — | — | — | $0 | ($6.3m) | $0 | — | |
| Deemed capital contribution from Merger | — | — | — | $0 | $8.6m | $0 | — | |
| Liabilities assumed in Merger | — | — | — | $0 | $1.7m | $0 | — | |
| Recapitalization of equity as a result of the Merger | — | — | — | $0 | $73.6m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | $0 | $8.8m | $5.4m | $3.9m | $52.7m | |
| Cash Flow From Continuing Investing Activities | — | — | $1.8m | ($74k) | ($73k) | ($67k) | ($95k) | |
| Change In Account Payable | — | — | ($249k) | $632k | $1.2m | $3.1m | $5.1m | |
| Change In Cash Supplemental As Reported | — | — | ($1.8m) | ($363k) | ($674k) | ($598k) | — | |
| Change In Payable | — | — | ($249k) | $16k | $2.3m | $991k | $5.1m | |
| Change In Prepaid Assets | — | — | $14k | ($4.0m) | ($927k) | ($233k) | $2.2m | |
| Change In Tax Payable | — | — | — | ($66k) | $14k | $0 | ($191k) | |
| Changes In Cash | — | — | ($1.8m) | ($363k) | ($674k) | ($598k) | $23.8m | |
| End Cash Position | — | — | $2.2m | $1.4m | $679k | $81k | $25.3m | |
| Financing Cash Flow | — | — | $0 | $8.8m |
$5.4m
-38.77%
|
$3.9m
-28.20%
|
$52.7m
+1264.07%
|
|
| Free Cash Flow | — | — | ($3.7m) | ($9.2m) | ($6.1m) | ($4.5m) | ($28.9m) | |
| Gain Loss On Investment Securities | — | — | $106k | ($106k) | — | — | — | |
| Investing Cash Flow | — | — | $1.8m | ($74k) | ($73k) | ($67k) | ($95k) | |
| Net Investment Purchase And Sale | — | ($6.0m) | $1.9m | $4.1m | — | — | — | |
| Net PPE Purchase And Sale | — | — | ($40k) | ($74k) | ($73k) | ($67k) | ($95k) | |
| Operating Gains Losses | — | $934k | $106k | $190k | $1.2m | — | $1.2m | |
| Other Non Cash Items | — | — | $112k | $4.4m | $55.9m | $1.0m | — | |
| Provisionand Write Offof Assets | — | — | $0 | $78k | — | — | — | |
| Purchase Of Investment | — | ($6.0m) | ($4.0m) | ($2.8m) | — | — | — | |
| Purchase Of PPE | — | $14k | ($40k) | ($74k) | ($73k) | ($67k) | ($95k) | |
| Sale Of Investment | — | $0 | $5.9m | $6.9m | — | — | — | |
| Stock Based Compensation | — | — | $257k | $0 | $45.2m | $36.1m | $33.9m | |
| Unrealized Gain Loss On Investment Securities | — | $43k | ($55k) | $0 | — | — | — |