Company: CHUC
Filing Date: 2025-06-27
Form Type: 10-Q
Source: 0001437749-25-021440
Chunk: 33

Company: Charlie's Holdings, Inc.
Filing Date: 2025-06-27
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 payable and accrued expenses, notes payable of $1,405,000, notes payable from related parties of $1,581,000, approximately $130,000 of deferred revenue associated with product shipped but not yet received by customers, and approximately $30,000 of current lease liabilities.

Our cash and cash equivalents balance at March 31, 2025 was approximately $112,000. As of March 31, 2025, we have the following notes outstanding:

  February 2025 Note. On February 27, 2025, the Company and Henry Sicignano III entered into a loan agreement (the “ Loan ”) in the principal amount of $100,000. As of March 31, 2025, $100,000 of...  

  September 2024 & January 2025 Pinnacle Receivables Financing. On September 6, 2024, the Company entered into a future receivables sale agreement (“ Pinnacle Receivables Financing Agreement ”) w...  
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23

  July 2023 Notes. As of March 31, 2025, $400,000 notes payable plus accrued interest held by Ryan Stump and Henry Sicignano III remained outstanding and the maturity dates of the outstanding not...  
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  August 2022 Note. As of March 31, 2025, $300,000 notes payable plus accrued interest held by Ryan Stump remained outstanding and the maturity dates of the outstanding notes had been extended to...  
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  April 2022 Note. As of March 31, 2025, approximately $781,000 of principal plus accrued interest held by Michael King (the “ Lender”) remained outstanding and the maturity dates of the outstand...  
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For the three months ended March 31, 2025, net cash used in operating activities was approximately $409,000, resulting from a net loss of $1,217,