Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 105

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 105
---
 flows in FY2024 and FY2023, respectively.

|                                                     |     | For the Financial Years ended September 30, |    2024 |   |     |   |       2023 |   |
|:----------------------------------------------------|:----|:--------------------------------------------|--------:|:--|:----|:--|-----------:|:--|
| Net cash provided by (used in) operating activities |     | $                                           |  53,667 |   |     | $ | (1,331,684 | ) |
| Net cash used in investing activities               |     |                                             | (12,148 | ) |     |   |     (2,766 | ) |
| Net cash provided by financing activities           |     |                                             | 199,111 |   |     |   |  1,041,550 |   |
| Effect of exchange rate changes on cash             |     |                                             |  (7,759 | ) |     |   |    (11,125 | ) |
| Net increase (decrease) in cash                     |     |                                             | 232,871 |   |     |   |   (304,025 | ) |
| Cash, beginning of year                             |     |                                             |  80,864 |   |     |   |    384,889 |   |
| Cash, end of year                                   |     | $                                           | 313,735 |   |     | $ |     80,864 |   |

Operating activities

Net cash provided by operating activities
was $53,667 in FY2024, which mainly consisted of (i) net income of approximately $1.1 million; and (ii) an increase of contract liabilities
of approximately $0.38 million. The increase in cash in operating activities was partially offset by (i) an increase in accounts receivable
of approximately $0.9 million due to revenue generated from game players; and (ii) an increase in prepaid expenses of approximately $0.33
million due to payment of security deposit to game developer for developing new games.

Net cash used in operating activities was
approximately $1.3 million in FY2023, which mainly consisted of (i) net loss of approximately $1.3 million, and (ii) an increase of approximately
$0.3 million in accounts receivable due to revenue generated from game players. The decrease in cash in operating activities was partially
offset by an increase of approximately $