Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 507

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 2
Chunk 507
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     2,526 
  
    Accrued expenses 
     (387) 
     153 
  
    Operating
    lease liabilities 
     (209) 
     (229)
  
    Net
    cash provided by operating activities 
     2,153  
     1,184 

    CASH FLOWS FROM INVESTING
    ACTIVITIES 

    Effect of Harmony Merger,
    net of cash acquired 
     —  
     (519)
  
    Investment in intangible
    assets 
     —  
     (68)
  
    Disposal of intangible
    assets 
     4  
     — 
  
    Purchase
    of property and equipment 
     (792) 
     (582)
  
    Net
    cash used in investing activities 
     (788) 
     (1,169)

    CASH FLOWS FROM FINANCING
    ACTIVITIES 

    Repayment of notes payable 
     —  
     (257)
  
    Repayment of debt assumed
    in Harmony Merger 
     (75) 
     (318)
  
    Borrowing on line of credit 
     24,957  
     10,913 
  
    Repayment on line of credit 
     (24,570) 
     (10,098)
  
    Deferred financing costs 
     (326) 
     — 
  
    Bank overdraft 
     6  
     350 
  
    Stockholder contributions 
     8,220  
     — 
  
    Stockholder
    distributions 
     (8,879) 
     — 
  
    Net
    cash (used in) provided by financing activities 
     (667) 
     590 

    Effect of exchange rate fluctuations on cash 
     207  
     (132)

    Net increase in cash 
     905  
     473 
  
    Cash at beginning of period 
     502  
     29 
  
    Cash at end of period 
    $1,407  
    $502 

    Supplemental
    disclosure of cash flow information: 

    Cash paid for interest 
    $740  
    $665 
  
    Cash paid for taxes 
    $473  
    $149 

    Noncash investing