Company: CENN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001140361-25-030576
Chunk: 45

Company: Cenntro Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 45
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 inventories, short term loans, contractual
        liabilities, accrued expense and other current liabilities, operating lease liabilities, convertible bonds and amounts due to related parties of approximately $1.4 million, $1.0 million, $0.6 million, $0.6 million, $1.4 million, $0.3 million and
        $1.0 million.

      39

Cash Flow

            Six Months Ended June 30,

             2025

            2024

            (Expressed in U.S. Dollars)

            (Unaudited)

            Net cash used in operating activities

            $

              (9,360,191

            )

            $

            (12,710,460

            )

            Net cash used in investing activities

            (601,069

            )

            (349,921

            )

            Net cash provided by financing activities

            2,934,554

            461,636

            Effect of exchange rate changes on cash, cash equivalents and restricted cash

            157,307

            (546,408

            )

            Net decrease in cash, cash equivalents, and restricted cash 

            (6,869,399

            )

            (13,145,153

            )

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

            12,820,459

            24,532,655

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

            140,029

            5,039,242

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

            6,085,569

            16,208,605

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

            $

            5,520

            $

            218,139

Operating Activities

      Our net cash used in operating activities was approximately $9.4 million, $12.7 million for the six months ended June 30, 2025 and 2024, respectively.

        Net cash used in operating activities for the six months ended June 30, 2025 was primarily attributable to (i) our net loss of approximately $15.6 million and adjusted for
          non-cash items of approximately $7.5 million, which primarily consisted of share based compensation expense, net foreign currency exchange loss, depreciation and amortization, impairment of slow