← Turbo Energy, S.A.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — $1.0m ($2.0m) ($3.3m) ($1.2m)
Net Income From Continuing Operations — $1.4m ($3.1m) ($4.5m) ($1.5m)
Depreciation of property and equipment $3k $5k $19k $12k $25k
Amortization of intangible assets — $858 $50k $50k $242k
Amortization of right-of-use assets $16k $36k $59k $62k $45k
Amortization Cash Flow — $858 $50k $50k $242k
Amortization Of Intangibles — $858 $50k $50k $242k
Depreciation — $41k $78k $73k $70k
Depreciation Amortization Depletion — $42k $128k $123k $312k
Deferred tax assets — — ($518k) $157k $160k
Deferred tax liabilities — — $33k $556 ($3k)
Adjustments For Share-Based Payments — — — $104k —
Asset Impairment Charge — $19k $84k $2.3m ($44k)
Adjustments For Income Tax Expense — ($364k) $578k — —
Additional Financial Items
Adjustments For Decrease Increase In Trade Account Receivable — ($56k) $832k ($844k) —
Adjustments For Increase Decrease In Trade Account Payable — — — $15k —
General And Administrative Expense — $2.0m $2.5m $3.0m —
Payments Of Lease Liabilities Classified As Financing Activities — $37k $61k $64k —
Proceeds From Issuing Shares — — $3.4m — —
Purchase Of Intangible Assets Classified As Investing Activities — $262k $517k $927k —
Net loss before income tax $348k $1.4m ($3.1m) ($4.5m) ($1.5m)
Stock based compensation — $0 $0 $104k $132k
Bad debt expense $103k $19k $84k $139k $13k
Accretion of lease liabilities $1k $2k $2k $2k $3k
Gain on lease cancellation — ($891) — — ($446)
Provision for inventory reserves $53k — $313k — —
Inventories $96k ($6.8m) $4.2m $3.4m ($1.5m)
Accounts receivable and other receivables ($1.8m) ($56k) $832k ($844k) $1.2m
Due from related parties $27k ($61k) ($1.3m) $1.4m ($8.2m)
Due to related parties $451k ($240k) ($118k) ($117k) $65k
Prepaid expense ($1.8m) $1.1m ($313k) $28k ($2.6m)
Accounts payable and accrued liabilities $2.7m ($719k) ($609k) $867k $9.7m
Accrued interest payable — — — $15k $341k
Income tax payable ($81k) ($364k) $578k — —
Short-term investments — — ($2.0m) $2.0m —
Proceeds from return of short-term investments — — ($2.0m) $2.0m $17k
Purchase of equipment ($18k) ($133k) ($28k) ($127k) ($9k)
Purchase of intangible assets ($107k) ($262k) ($517k) ($927k) ($631k)
Repayment of bank loans ($283k) ($249k) ($158k) ($237k) ($90k)
Net proceeds (repayment) from lines of credit $1.0m $3.8m ($4.2m) $618k $231k
Repayment of lease liabilities ($16k) ($37k) ($61k) ($64k) ($48k)
Payments to related parties ($1.0m) ($356k) ($640k) ($2.1m) ($1.1m)
Proceeds from related parties $927k $321k $4.2m $799k $212k
Beginning Cash Position — $616k $503k $621k $2.4m
Cash Flow From Continuing Financing Activities — $5.9m $2.5m ($161k) $629k
Cash Flow From Continuing Investing Activities — ($395k) ($2.6m) $938k ($623k)
Change In Account Payable — ($719k) ($609k) $867k $9.7m
Change In Accrued Expense — $0 $0 $15k $341k
Change In Income Tax Payable — ($364k) $578k $0 $0
Change In Inventory — ($6.8m) $4.2m $3.4m ($1.5m)
Change In Other Current Assets $0 $0 — — —
Change In Other Working Capital — — ($485k) $158k $157k
Change In Payable — ($1.3m) ($149k) $750k $9.8m
Change In Payables And Accrued Expense — ($1.3m) ($149k) $765k $10.1m
Change In Prepaid Assets — $1.1m ($313k) $28k ($2.6m)
Change In Receivables — ($117k) ($475k) $516k ($7.0m)
Change In Tax Payable — ($364k) $578k $0 $0
Change In Working Capital — ($7.1m) $2.8m $4.9m ($798k)
Changes In Account Receivables — ($56k) $832k ($844k) $1.2m
Changes In Cash — ($114k) $118k $1.8m ($1.9m)
End Cash Position — $503k $621k $2.4m $493k
Financing Cash Flow — $5.9m $2.5m ($161k) $629k
Free Cash Flow — ($6.0m) ($362k) ($67k) ($2.5m)
Gain Loss On Sale Of PPE — — $0 $0 $43k
Investing Cash Flow — ($395k) ($2.6m) $938k ($623k)
Issuance Of Capital Stock — $2.5m $3.4m $0 $0
Net Intangibles Purchase And Sale — ($262k) ($517k) ($927k) ($631k)
Net PPE Purchase And Sale — ($133k) ($28k) ($127k) ($9k)
Operating Gains Losses — — — ($1.9m) $43k
Other Non Cash Items — $623 $2k $2k $3k
Provisionand Write Offof Assets — $0 $313k $0 $0
Purchase Of Intangibles — ($262k) ($517k) ($927k) ($631k)
Purchase Of PPE — ($133k) ($28k) ($127k) ($9k)
Profit or Loss — $1.0m ($2.0m) ($3.3m) —
Net Investment Purchase And Sale — $0 ($2.0m) $2.0m $17k
Sale Of Investment — — $0 $2.0m $17k
Net cash provided by (used in) investing activities ($125k) ($395k) ($2.6m) $938k ($623k)
Proceeds from debt bond — — — $866k $1.7m
Issuance Of Debt — $3.8m $0 $1.5m $1.9m
Long Term Debt Issuance — $3.8m $0 $1.5m $1.9m
Net Issuance Payments Of Debt — $3.5m ($4.4m) $1.2m $1.5m
Net Long Term Debt Issuance — $3.5m ($4.4m) $1.2m $1.5m
Net Short Term Debt Issuance $1.0m $3.8m ($4.2m) — —
Short Term Debt Issuance $1.0m $3.8m — — —
Long Term Debt Payments — ($286k) ($4.4m) ($301k) ($358k)
Repayment Of Debt — ($286k) ($4.4m) ($301k) ($358k)
Net proceed from issuance of common stock through Initial public offering — $2.5m $3.4m — —
Common Stock Issuance — $2.5m $3.4m $0 $0
Net Common Stock Issuance — $2.5m $3.4m $0 $0
Dividends Paid Classified As Financing Activities — $72k — — —
Cash Dividends Paid ($250k) ($72k) $0 $0 —
Common Stock Dividend Paid ($250k) ($72k) $0 $0 —
Net Other Financing Charges — ($35k) $3.6m ($1.3m) ($912k)
Net cash provided by (used in) financing activities $367k $5.9m $2.5m ($161k) $629k
Net change in cash and cash equivalent $314k ($114k) $118k $1.8m ($1.9m)
Cash and cash equivalent - beginning of period $616k $503k $621k $2.4m $493k
Change In Cash Supplemental As Reported — ($114k) $118k $1.8m ($1.9m)
Interest Paid Classified As Financing Activities — $202k $404k $168k —

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