Company: VGASW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025504
Chunk: 13

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
)- 25,018,556 - Net loss-- -- - (1,246,711)(1,456,874)(2,703,585)Balance – March 31, 202522,049,621$2,205 22,500,000$2,250 $62,246,109 $(28,503,797)$33,996,136 $67,742,903 

Statement of Stockholders’ Equity for the Three Months Ended March 31, 2024

Class A CommonClass C CommonAdditional  Paid InCapitalAccumulated DeficitNon controlling InterestTotal Stockholders’ EquitySharesValuesSharesValuesBalance – December 31, 20239,387,836$939 22,500,000$2,250 $35,014,836 $(23,922,730)$17,730,035 $28,825,330 Related party promissory note settlement40,9614 -- 409,608 - - 409,612 Share-based compensation-- -- 248,701 - - 248,701 Net loss-- -- - (772,371)(1,756,712)(2,529,083)Balance – March 31, 20249,428,797$943 22,500,000$2,250 $35,673,145 $(24,695,101)$15,973,323 $26,954,560 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3

VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months EndedMarch 31,20252024Cash flows from operating activities:Net loss$(2,703,585)$(2,529,083)Adjustments to reconcile net loss to net cash used in operating activitiesDepreciation3,887 3,037 Share-based compensation expense416,550 248,701 Amortization of right-of-use assets85,634 70,951 Changes in operating assets and liabilitiesPrepaid expenses(828,329)(1,032,686)Accounts payable12,154 182,693 Accrued liabilities(621,775)250,734 Operating lease liabilities(79,136)(55,624)Other changes in operating assets and liabilities