Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 48

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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,639

                )

                4,858,042

                Net cash (used in) provided by financing activities

                2,737,393

                1,243,068

                Effect of exchange rate changes on cash

                205,487

                70,752

                Net (decrease) increase in cash, cash equivalents, and restricted cash

                (8,421,124

                )

                (6,740,149

                )

                Cash and cash equivalents, and restricted cash at beginning of the period-continuing

                12,820,459

                22,667,378

                Cash and cash equivalents, and restricted cash at beginning of the period-discontinued

                140,029

                6,904,519

                Cash and cash equivalents, and restricted cash at end of the period-continuing

                $

                4,535,062

                $

                22,667,378

                Cash and cash equivalents, and restricted cash at end of the period- discontinued

                4,302

                164,370

        Operating Activities

        Our net cash used in operating activities was approximately $10.8 million and $12.9 million for the nine months ended September 30, 2025 and 2024, respectively.

          36

          Net cash used in operating activities for the nine months ended September 30, 2025 was primarily attributable to (i) our net loss of approximately $22.3 million and adjusted for non-cash items of
            approximately $9.7 million, which primarily consisted of depreciation and amortization, amortization of operating lease right-of-use asset, impairment of slow-moving inventories, allowance for doubtful receivables, write-offs of doubtful
            receivables, foreign currency exchange loss, share based compensation expense, loss from debt extinguishment, change in fair value of convertible promissory notes and derivative liability, change in fair value of equity securities, loss from
            disposal of land use right and property, plant and equipment, loss from early termination of lease contract and loss from dilution of Cenntro Electric CICS, SRL’s equity of approximately $1.7 million, $2.0 million, $1.3 million, $4.1 million,
            $0.5 million, $1.2 million, $2.1 million, $1.8 million, $0.3 million, $