Company: SERV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001832483-25-000112
Chunk: 20

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 (Deficit)

(In thousands, except share and per share data)

(unaudited)

Common StockAdditionalPaid-inCapitalSubscriptionReceivableAccumulatedDeficitAccumulated Other Comprehensive IncomeTotalStockholders’Equity(Deficit)SharesAmountBalances at December 31, 202324,508,795$2 $64,468 $(170)$(68,334)$- $(4,033)Exercise of warrants125,000- *6 - - - 6 Interest on recourse loan-- - 4 - - 4 Stock-based compensation-- 4,255 - - - 4,255 Net loss-- - - (9,038)- (9,038)Balances at March 31, 202424,633,7952 68,729 (166)(77,372)— (8,806)Issuance of common stock pursuant to offering10,000,0001 39,999 - - - 40,000 Offering costs-- (4,150)- - - (4,150)Conversion of convertible note and derivative liability into common stock2,104,562- *6,803 - - - 6,803 Exercise of warrants18,341- *- - - - - Exercise of options17,936- *9 - - - 9 Restricted Stock Awards Repurchased(245,060)- *- - - - - Interest and forgiveness on recourse loans-- - 166 - - 166 Stock-based compensation-- 3,480 - - - 3,480 Net Loss-- - - (9,038)- (9,038)Balances at June 30, 202436,529,5744 114,870 — (86,410)— 28,464 Issuance of pre-funded warrants to purchase common stock in connection with private placement, net of issuance costs3,055,555- *17,116 - - - 17,116 Exercise of warrants3,182,765- *16,319 - - - 16,319 Exercise of options10,442- *78 - - - 78 Vested restricted