Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 171

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 171
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                ( 65,098                ( 45,742  
  Repayments of long-term debt                                                                              ( 1,325                   ( 264                   ( 274  
  Proceeds from exercise of stock options                                                                       113                   1,194                   2,890  
  Payments for employee taxes related to stock compensation                                                 ( 1,343                   ( 774                 ( 1,514  
  Repurchase and retirement of common stock                                                                 ( 3,503                       —                       —  
  Net cash provided by (used in) financing activities                                                       ( 6,053                   1,560                   1,548  
  Foreign currency effect on cash, cash equivalents and restricted cash                                     ( 2,303                   ( 499                     918  
  Net increase (decrease) in cash, cash equivalents and restricted cash                                     ( 6,732                ( 17,032                  19,176  
  Cash, cash equivalents and restricted cash:                                                                                                                        
  Beginning of period                                                                                       106,474                 123,506                 104,330  
  End of period                                                                                  $           99,742      $          106,474      $          123,506  
  Supplemental disclosures of cash flow information:                                                                                                                 
  Cash paid for interest                                                                         $            1,404      $            1,265      $              558  
  Cash paid for income taxes                                                                     $              223      $              342      $            4,963  
  Supplemental schedule of noncash investing activities                                                                                                              
  Cashless exercise of stock options                                                             $            9,667      $                —      $              723  
  ROU assets exchanged for lease liabilities                                                     $               69      $           18,861      $            7,517  

See accompanying notes to consolidated financial
statements.

F-7

NEWEGG COMMERCE, INC.

  Organization and Description of Business  
 ────────────────────────────────────────────

Newegg Commerce, Inc. (“ Newegg”
or the “ Company”) was incorporated as an international business company under the International Business Companies Act, 1984,
in the British Virgin Islands on July 22, 2003.

Newegg is an electronics-focused e-retailer
that offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images,
“how-to” information, and customer reviews via its websites. The Company’s strategic focus is based on three key