Company: AIBT
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001375
Chunk: 3

Company: AIBOTICS, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 2
Chunk 3
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ows

Six Months Ended June 30,

2025

2024

Net cash used in operating activities
 
$
(192,918
)
 
$
(164,229
)

Net cash provided by investing activities

-

-

Net cash provided by financing activities

250,000

165,000

Net increase (decrease) in cash
 
$
57,082

$
771

Operating activities used net cash of $192,918 for the six months ended June 30, 2025, as compared to using net cash of $164,229 for the six months ended June 30, 2024. For the six months ended June 30, 2025, cash used in operating activities was primarily driven by our net loss of $1,077,546; offset primarily by amortization expense of approximately $328,000, the gain recognized on common stock issued to settle liability of approximately $55,000, the increase in related party accrued expenses of approximately $94,000, the increase in accrued interest of approximately $60,038, and the increase in accounts payable and accrued expenses of approximately $344,739. For the six months ended June 30, 2024, cash used in operating activities was primarily driven by our net loss of $896,617; offset primarily by the amortization of debt discounts of approximately $332,000, and the increase in related party and non-related party accrued interest of approximately $279,000, and the increase in accounts payable and accrued expenses of approximately $112,000.

18

Investing activities used net cash of $0 for the six months ended June 30, 2025, and 2024. 

Financing activities produced cash flows of $250,000 and $165,000 for the six months ended June 30, 2025, and 2024, respectively. 

Going Concern

Our consolidated financial statements have been prepared assuming we will continue as a going concern. Our ability to continue our operations as a going concern is dependent on management’s plans. The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should we be unable to continue as a going concern.

For the six months ended June 30, 2025, the Company incurred a net loss of $1,077