Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 666

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 5
Chunk 666
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195  
     4 
  
    Amortization of financing
    costs 
     90  
     — 
  
    Share based compensation
    expense 
     74  
     — 
  
    Common stock issued for
    advisory services 
     238  
     110 
  
    Deferred tax asset 
     499  
     (499)
  
    (Gain) loss on foreign
    currency transactions 
     (172) 
     85 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     2,349  
     (1,123)
  
    Inventory 
     992  
     (1,364)
  
    Prepaid expenses and other
    assets 
     31  
     223 
  
    Federal tax deposit 
     185  
     (78)
  
    Accounts payable 
     (760) 
     2,526 
  
    Accrued expenses 
     (387) 
     153 
  
    Operating
    lease liabilities 
     (209) 
     (229)
  
    Net
    cash provided by operating activities 
     2,153  
     1,184 

    CASH FLOWS FROM INVESTING
    ACTIVITIES 

    Effect of Harmony Merger,
    net of cash acquired 
     —  
     (519)
  
    Investment in intangible
    assets 
     —  
     (68)
  
    Disposal of intangible
    assets 
     4  
     — 
  
    Purchase
    of property and equipment 
     (792) 
     (582)
  
    Net
    cash used in investing activities 
     (788) 
     (1,169)

    CASH FLOWS FROM FINANCING
    ACTIVITIES 

    Repayment of notes payable 
     —  
     (257)
  
    Repayment of debt assumed
    in Harmony Merger 
     (75) 
     (318)
  
    Borrowing on line of credit 
     24,957  
     10,913 
  
    Repayment on line of credit 
     (24,570) 
     (10,098)
  
    Deferred financing costs 
     (326) 
     —