Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 48

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 48
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 | ​ | $             | 12,137,000 | ​ | $              | 2,700,000 | ​ | $             | 14,837,000 |

See accompanying notes to the consolidated financial statements.

F-6

Lendway, Inc. and Subsidiaries CONSOLIDATED STATEMENTS OF CASH FLOWS Values are rounded to the nearest thousand dollar

| ​                                                                                                                                    
 ​                                                                                                                                    | ​ 
 ​ 
 ​ | ​                
 Six Months Ended |             ​ 
 June 30, 2025 | ​ 
 ​ | ​          
 Year Ended |                 ​ 
 December 31, 2024 | ​ | ​ |                 ​ 
 December 31, 2023 |
|:-------------------------------------------------------------------------------------------------------------------------------------|:--|:-----------------|--------------:|:--|:-----------|------------------:|:--|:--|------------------:|
| Operating Activities                                                                                                                 | ​ | ​                |             ​ | ​ | ​          |                 ​ | ​ | ​ |                 ​ |
| Net income (loss) including noncontrolling interest (1)                                                                              | ​ | $                |     1,969,000 | ​ | $          |        -6,677,000 | ​ | $ |           -60,000 |
| Gain from sale of discontinued operations, net of tax                                                                                | ​ |                  |             — | ​ |            |                 — | ​ |   |        -2,961,000 |
| Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities: | ​ | ​                |             ​ | ​ | ​          |                 ​ | ​ | ​ |                 ​ |
| Depreciation and amortization                                                                                                        | ​ |                  |     1,683,000 | ​ |            |         2,641,000 | ​ |   |             7,000 |
| Amortization of deferred financing costs                                                                                             | ​ |                  |        53,000 | ​ |            |            95,000 | ​ |   |                 — |
| Provision for credit loss                                                                                                            | ​ |                  |        24,000 | ​ |            |           108,000 | ​ |   |                 — |
| Stock-based compensation expense                                                                                                     | ​ |                  |        42,000 | ​ |            |            60,000 | ​ |   |            44,000 |
| Noncash