Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 218

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 218
---
,789        10,872,746       -                 ( 10,872,750       -                 -                            -  
  Issuance of shares for services                                  -              5,834,999        -                 -                  -                 -                    5,834,999  
  Split shares                                                     ( 293          ( 3,435          -                 -                  -                 -                      ( 3,435  
  Capital contribution by non-controlling shareholder              -              -                -                 -                  38,892            -                       38,892  
  Deregister subsidiaries                                          -              ( 173,793        -                 -                  173,793           -                            -  
  Net loss for the year                                            -              -                -                 ( 76,237,228       ( 7,595,933       -                 ( 83,833,161  
  Shares receivable from potential acquisition                     -              -                ( 15,906,186      -                  -                 -                 ( 15,906,186  
  Foreign currency translation adjustment                          -              -                -                 -                  163,697           ( 1,009,725          ( 846,028  
  Balance, December 31, 2024                                       2,292,652      363,712,513      ( 55,906,186      ( 255,789,851      3,963,164         ( 6,072,241         49,907,467  

  Retroactively restated for one-for-six reverse split with effective date of February 10, 2025.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────

The accompanying notes are an integral part of
these consolidated financial statements.

F-5

X3 HOLDINGS CO., LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                                                   For the Years Ended                                                                             
                                                                                                   December 31,                                                                                    
                                                                                                   2024                                       2023                         2022                    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                            
  Net loss                                                                                         $                        ( 83,833,161      $         ( 122,227,195      $         ( 21,548,700  
  Adjustments to reconcile net loss from operations to net cash used in