Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 89

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 5
Chunk 89
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2,955,564   )
Net cash provided by financing activities                         5,716,615                     3,074,304                      4,958,361    
Effect of exchange rate changes                                     (33,246    )                     (839    )                    88,167    
Net increase in cash and cash equivalents                          $364,471                       $64,955                       $561,286    
Cash and cash equivalents at beginning of the year                 $658,154                      $593,199                        $31,913    
Cash and cash equivalents at the end of the year                 $1,022,625                      $658,154                       $593,199    
Operating Activities
 
Net cash used in operating activities was $2.9 million for the year ended June 30, 2025, primarily derived from (i) net loss of $5.7 million, (ii) an adjustment of added non-cash items of a net amount of $7.1 million, inclusive of share-based compensation expenses of $3.9 million, loss on sale of property and equipment of $1.5 million, loss on sale of accounts receivable of $1.1 million and other non-cash items; deducted by (iii) an increase of inventories of $8.6 million in relation to materials for volume production and finished goods that we capitalized on the depressed material prices to lock in favorable costs for our future production and research and development needs, (iv) an increase of prepaid expenses and other current asset of $0.8 million, because of the outstanding receivable related to the sale of accounts receivable and property and equipment, and (v) partially offset by an increase of accounts payable of $2.9 million, (vi) an increase of deferred revenues of $1.2 million, and (vii) an decrease of advances to suppliers of $0.9 million.
 
Net cash used in operating activities was $2.7 million for the year ended June 30, 2024, primarily derived from (i) net income of $2.4 million, (ii) an increase of accounts receivable of $0.5 million; deducted by (iii) an decrease of accounts payables of $2.6 million with respect to the repayment to our suppliers, (iv) an increase of inventories of $2.1 million in relation to materials for volume production and finished goods; and (v) an increase of advances to suppliers of $0.9 million.
 
Net cash used