Forza X1
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Forza X1 generated cash of -$4,150,280, which is less than the previous year. Cash used in financing activities reached the amount of $6,932,504 last year. Net change in cash is therefore -$2,945,668.
Cash Flow
| 2020 | 0 | 0 | 0 |
|---|---|---|---|
| 2021 | -304.10K | -429.02K | 2.53M |
| 2022 | -3.37M | -606.72K | 14.94M |
| 2023 | -4.15M | -5.72M | 6.93M |
FRZA Cash Flow Statement (2020 – 2023)
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
Cash at beginning of period | 12.76M | 1.80M | 0 | 0 |
Operating activities | ||||
Net income | -5.93M | -3.63M | -457.55K | 0 |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||
Depreciation and amortization | 185.9K | 59.96K | 3.20K | 0 |
Stock-based compensation expense | 1.34M | 458.34K | 0 | 0 |
| Deferred income tax benefit | 1.34M | 458.34K | 0 | 0 |
| Changes in operating assets and liabilities: | ||||
Accounts receivable, net | 0 | 0 | 0 | 0 |
Inventories | 351.15K | 0 | 0 | 0 |
Accounts payable | -12.20K | 85.69K | 13.33K | 0 |
Cash generated by operating activities | -4.15M | -3.37M | -304.10K | 0 |
Investing activities | ||||
Purchases Of Investments | -2.93M | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -2.79M | -606.72K | -429.02K | 0 |
Acquisitions Net | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -5.72M | -606.72K | -429.02K | 0 |
Financing activities | ||||
Common Stock Issued | 6.99M | 15.23M | 2M | 0 |
Payments for dividends | 0 | 0 | 0 | 0 |
Repurchases of common stock | -21.37K | 0 | 0 | 0 |
Repayments of term debt | -7.66K | 0 | -641.91K | 0 |
Cash used in financing activities | 6.93M | 14.94M | 2.53M | 0 |
Net Change In Cash | -2.94M | 10.96M | 1.80M | 0 |
Cash at end of period | 9.82M | 12.76M | 1.80M | 0 |
| Data source | Data source |