Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 73

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 73
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,913 |   |
| Cash and cash equivalents, end of the period       |     | $                        |    658,154 |   |     | $ |    593,199 |   |

Operating Activities

Net cash used in operating
activities was $2.7 million for the year ended June 30, 2024, primarily derived from (i) net income of $2.4 million, (ii) an increase
of accounts receivable of $0.5 million, deducted by (iii) an decrease of accounts payables of $2.6 million with respect to the repayment
to our suppliers, (iv) an increase of inventories of $2.1 million in relation to materials for volume production and finished goods,
and (v) an increase of advance to suppliers of $0.9 million.

Net cash used in
operating activities was $1.5 million for the year ended June 30, 2023, primarily derived from (i) net income of $3.5 million, (ii)
an adjustment of added non-cash items of a net amount of $0.31 million, inclusive of amortization and depreciation and other
non-cash items, deducted by (iii) an increase of accounts receivables of $3.5 million with respect to the increase of our sales,
(iv) an increase of inventories of $3.4 million in relation to materials for volume production and finished goods, and (v) an
increase of accounts payable of $0.5 million.

Investing Activities

For the year ended June
30, 2024, net cash used in investing activities was $0.3 million, which was mainly due to loans to independent third parties.

For the year ended June 30,
2023, net cash used in investing activities $3.0 million, which was mainly due to loans to third parties and purchase of property and
equipment, and intangible assets.

Financing Activities

For the year ended June
30, 2024, net cash provided by financing activities was $3.1 million, which was mainly due to net proceeds from bank loans.

For the year ended June 30,
2023, net cash provided by financing activities was $5.0 million, which was due to (i) the contribution from shareholders in the amount
of $3.7 million; and (ii) net proceeds from bank loans of $1.3 million.

| 46 |

Liquidity and Capital