Maritime Resources Corp.
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 Maritime Resources Corp. generated cash of -$2,299,084, which is less than the previous year. Cash used in financing activities reached the amount of $7,115,940 last year. Net change in cash is therefore -$1,645,031.
Cash Flow
| 2014 | -488.27K | -200.04K | 685.54K |
|---|---|---|---|
| 2015 | -168.93K | -64.65K | 80K |
| 2016 | -1.32M | -712.40K | 2.61M |
| 2017 | -1.29M | -796.05K | 1.90M |
| 2018 | -2.26M | -1.18M | 5.42M |
| 2019 | -2.27M | -3.81M | 5.56M |
| 2020 | -1.49M | -6.63M | 12.71M |
| 2021 | -1.86M | -12.35M | 12.14M |
| 2022 | -1.86M | -3.33M | 3.55M |
| 2023 | -2.29M | -6.46M | 7.11M |
MAE.V Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 2.70M | 4.33M | 6.41M | 1.82M | 2.35M | 387.11K | 580.51K | 2.11K | 155.70K | 158.47K |
Operating activities | ||||||||||
Net income | -2.54M | -1.78M | -1.61M | -1.29M | -2.00M | -2.46M | -1.51M | -1.38M | -677.07K | -554.55K |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 170.16K | 171.27K | 82.60K | 27.04K | 63.97K | 0 | 0 | 0 | 0 | 0 |
Stock-based compensation expense | 169.44K | 6.39K | 893.91K | 469.72K | 330.34K | 0 | 239.91K | 275.97K | 185.92K | 173.62K |
| Deferred income tax benefit | 169.44K | 6.39K | 893.91K | 469.72K | 330.34K | 0 | 239.91K | 275.97K | 185.92K | 173.62K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -677.98K | 161.50K | 46.84K | -164.96K | -96.49K | -5.16K | 23.08K | -51.83K | -754 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by operating activities | -2.29M | -1.86M | -1.86M | -1.49M | -2.27M | -2.26M | -1.29M | -1.32M | -168.93K | -488.27K |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 4.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -4.29M | -5.19M | -2.83M | -13.21K | -30.45K | -1.19M | -960.43K | -712.40K | -109.58K | -200.04K |
Acquisitions Net | -3.26M | 500K | 0 | -277.25K | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -6.46M | -3.33M | -12.35M | -6.63M | -3.81M | -1.18M | -796.05K | -712.40K | -64.65K | -200.04K |
Financing activities | ||||||||||
Common Stock Issued | 1.89M | 3.7M | 10.90M | 12.20M | 6.09M | 6.04M | 1.53M | 3.44M | 0 | 537.25K |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -245K | 0 | 0 |
Repayments of term debt | 6.64M | -93.39K | -34.13K | -14.28K | -64.32K | -500K | 400K | -255K | 80K | -120K |
Cash used in financing activities | 7.11M | 3.55M | 12.14M | 12.71M | 5.56M | 5.42M | 1.90M | 2.61M | 80K | 685.54K |
Net Change In Cash | -1.64M | -1.63M | -2.07M | 4.59M | -531.90K | 1.97M | -193.39K | 578.39K | -153.59K | -2.76K |
Cash at end of period | 1.05M | 2.70M | 4.33M | 6.41M | 1.82M | 2.35M | 387.11K | 580.51K | 2.11K | 155.70K |