← NIP Group Inc.

Annual Trend FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations ($6.3m) ($13.3m) ($12.7m) ($238.1m)
Net Income (Loss) Attributable to Parent ($6.2m) ($13.3m) ($12.7m) ($237.5m)
Net Income (Loss) Available to Common Stockholders, Basic ($6.2m) ($57.2m) ($48.6m) ($237.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($13.3m) ($12.7m) —
Net Income (Loss) Attributable to Noncontrolling Interest — $180 $4k —
Depreciation and amortization $5.5m $6.1m $5.0m $12.0m
Amortization of Intangible Assets — $4.8m $4.7m —
Depreciation $5.5m $592k $354k $12.0m
Depreciation Expense $5.3m $6.1m $5.0m $10.8m
Depreciation Amortization Depletion $5.5m $6.5m $5.7m $12.0m
Deferred Income Tax Expense (Benefit) — ($1.4m) ($2.5m) —
Deferred Income Tax ($503k) ($1.4m) ($2.5m) ($14.8m)
Deferred Tax ($503k) ($1.4m) ($2.5m) ($14.8m)
Share-based Payment Arrangement, Noncash Expense — $6.1m — —
Share-based Payment Arrangement, Expense — $6.1m — —
Impairment of Intangible Assets, Finite-lived — $0 $0 —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $0 $0 —
Asset Impairment Charge — $0 $0 $186.9m
Gain (Loss) on Disposition of Intangible Assets — ($130k) ($117k) —
Income (Loss) from Equity Method Investments — ($86k) ($56k) —
Income Tax Expense (Benefit) — ($1.2m) ($2.4m) —
Interest Expense Nonoperating — $523k $537k —
Other Nonoperating Income (Expense) — $717k $2.4m —
Share of loss in equity method investment — $86k $56k $326k
Income Tax Expense ($1k) ($32k) ($162k) ($77k)
Earnings (Loss)es From Equity Investments $0 $86k $56k $326k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $3.3m $10.8m —
Increase (Decrease) in Accounts Payable — $2.9m $6.0m —
General and Administrative Expense — $15.3m $11.8m —
Goodwill — $141.4m $131.9m —
Nonoperating Income (Expense) — $193k $1.8m —
Operating Expenses — $21.9m $19.9m —
Profit or Loss ($6.3m) ($13.3m) ($12.7m) ($238.1m)
Stock-Based Compensation Expense $166k $6.1m — $36.7m
Other Operating Expense — $109k — $1.6m
Loss on disposal of intangible assets — $130k $117k $190k
Change in fair value of short-term investments — — $4k ($213k)
Waiver of payable related to league tournaments rights $916k — $857k $914k
Accounts receivable ($7.0m) ($3.3m) ($10.8m) ($7.9m)
Advance to suppliers $344k $15k $77k ($2.6m)
Amount due from related parties $544k ($81k) ($111k) $404k
Other non-current assets ($1.2m) — ($411k) $417k
Prepaid expenses and other current assets ($728k) ($1.1m) $743k ($1.1m)
Accounts payable $4.1m $2.9m $6.0m $7.4m
Deferred revenue ($3.0m) ($310k) ($168k) $513k
Accrued expenses and other liabilities $362k $16k ($673k) $1.7m
Purchase of intangible assets ($5.8m) ($3.5m) ($1.3m) ($999k)
Proceeds from Sale of PP&E $36k — $233k $61k
Disposal of intangible asset — $4.2m $1.4m $1.0m
Loan to related parties ($149) ($202k) ($64k) ($33k)
Contribution from non-controlling shareholders — — $284k $2.6m
Repayments of borrowings ($2.6m) ($6.4m) ($7.2m) ($13.5m)
Repayment of loans from related parties ($11.7m) ($3.6m) — —
Loan from third parties — — $2.8m $2.1m
Acquisition of non-controlling interests ($594k) ($565k) — ($261k)
Payment of deferred offering cost ($54k) ($852k) ($4.2m) —
Accretion on Preferred Shares to redemption value ($25.3m) ($43.9m) ($35.9m) —
Net settlement of revenue from tournament participation of esports and payable related to league tournaments rights — $1.3m $1.1m —
Beginning Cash Position $11.4m $9.6m $7.6m $9.6m
Cash Flow From Continuing Financing Activities $9.8m $1.4m $23.5m $13.6m
Cash Flow From Continuing Investing Activities ($1.7m) $2.2m ($5.0m) ($918k)
Change In Account Payable $4.1m $2.9m $6.0m $7.4m
Change In Accrued Expense $362k $16k ($673k) $1.7m
Change In Other Current Assets ($1.2m) $0 ($411k) $417k
Change In Other Current Liabilities ($84k) ($555k) ($672k) ($1.0m)
Change In Other Working Capital ($3.0m) ($310k) ($168k) $513k
Change In Payable $2.3m $1.8m $6.1m $7.2m
Change In Payables And Accrued Expense $2.7m $1.8m $5.4m $9.0m
Change In Prepaid Assets ($385k) ($1.1m) $820k ($3.7m)
Change In Receivables ($6.5m) ($3.4m) ($10.9m) ($7.5m)
Change In Working Capital ($8.5m) ($3.5m) ($6.0m) ($2.4m)
Changes In Account Receivables ($7.0m) ($3.3m) ($10.8m) ($7.9m)
Changes In Cash ($1.6m) ($1.6m) $2.0m ($3.0m)
End Cash Position $9.6m $7.6m $9.6m $7.1m
Financing Cash Flow $9.8m $1.4m $23.5m $13.6m
Free Cash Flow ($16.2m) ($8.7m) ($18.6m) ($16.9m)
Gain Loss On Sale Of Business — $0 $0 $1.9m
Gain Loss On Sale Of PPE $0 $130k $117k $190k
Investing Cash Flow ($1.7m) $2.2m ($5.0m) ($918k)
Issuance Of Capital Stock $12.0m $3.0m $20.3m $0
Net Business Purchase And Sale $0 $1.7m $1.3m ($363k)
Net Intangibles Purchase And Sale ($1.5m) $711k $92k $19k
Net PPE Purchase And Sale ($729k) ($96k) ($481k) ($174k)
Net Preferred Stock Issuance $12.0m $0 $0 $0
Operating Gains Losses — $216k $174k $5.4m
Other Non Cash Items — — ($1.3m) ($2.7m)
Preferred Stock Issuance $12.0m $0 $0 $0
Provisionand Write Offof Assets $0 $109k $0 $1.6m
Purchase Of Business $0 $0 ($128k) ($363k)
Purchase Of Intangibles ($5.8m) ($3.5m) ($1.3m) ($999k)
Purchase Of PPE ($765k) ($96k) ($714k) ($235k)
Sale Of Business $0 $1.7m $1.4m $0
Sale Of Intangibles $4.3m $4.2m $1.4m $1.0m
Sale Of PPE $36k $0 $233k $61k
Stock Based Compensation $166k $6.1m $0 $36.7m
Unrealized Gain Loss On Investment Securities $0 $0 $4k ($213k)
Net Cash Provided by (Used in) Operating Activities $2.0m ($5.2m) ($16.5m) $3.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($1.1m) $96k $714k ($235k)
Payments to Acquire Investments — — $3.0m —
Net Investment Purchase And Sale $0 $0 ($3.0m) $2.0m
Purchase Of Investment $0 $0 ($3.0m) $0
Sale Of Investment — $0 $0 $2.0m
Net Other Investing Changes $464k ($152k) ($2.8m) ($2.4m)
Net Cash from Investing Activities $464k $49k $5k $33k
Net Cash Provided by (Used in) Investing Activities — $2.2m ($5.0m) ($918k)
Cash flows from financing activities:
Proceeds from Debt Issuance $7.5m $283k $11.7m $21.2m
Issuance Of Debt $14.2m $9.8m $14.5m $23.3m
Long Term Debt Issuance $14.2m $9.8m $14.5m $23.3m
Net Issuance Payments Of Debt ($89k) ($218k) $7.3m $9.9m
Net Long Term Debt Issuance ($89k) ($218k) $7.3m $9.9m
Long Term Debt Payments ($14.3m) ($10.0m) ($7.2m) ($13.5m)
Repayment Of Debt ($14.3m) ($10.0m) ($7.2m) ($13.5m)
Proceeds from Issuance of Common Stock — — $20.3m —
Common Stock Issuance $0 $3.0m $20.3m $0
Net Common Stock Issuance $0 $3.0m $20.3m $0
Net Other Financing Charges ($2.1m) ($1.4m) ($4.1m) $3.8m
Net Cash Provided by (Used in) Financing Activities $9.8m $1.4m $23.5m $13.6m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($374k) $9k —
Effect of exchange rate changes ($262k) ($374k) $9k $571k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($2.0m) $2.0m —
Net (decrease) increase in cash and cash equivalents ($1.8m) ($2.0m) $2.0m ($2.4m)
Cash and cash equivalents, beginning of the year $9.6m $7.6m $9.6m $7.1m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($1.8m) ($2.0m) $2.0m ($2.4m)
Interest Paid, Excluding Capitalized Interest, Operating Activities ($686k) $373k $553k ($793k)
Income Taxes Paid, Net $1k ($32k) ($162k) $77k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.