Company: SERV
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001832483-25-000010
Chunk: 141

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 141
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$(1.75)

See accompanying notes to these consolidated financial statements.

F-4

Serve Robotics Inc.

Consolidated Statements of Stockholders’ Equity (Deficit)

 Series Seed Preferred Stock Series Seed-1 Preferred Stock Series Seed-2 Preferred Stock Series Seed-3 Preferred Stock Common Stock Additional  Paid-in  CapitalSubscription ReceivableAccumulated DeficitTotal  Stockholders’  Equity (Deficit) SharesAmountSharesAmountSharesAmountSharesAmountSharesAmountBalances at December 31, 20223,091,672$309 2,440,411$244 2,088,696$209 357,836$36 6,826,352$683 $31,232,737 $(165,719)$(43,520,645)$(12,452,146)Issuance of common stock pursuant to private placement-- -- -- -- 3,040,140304 12,160,256 - - 12,160,560 Conversion of convertible note and derivative into common stock in connection with Merger- - - - - - - - 937,961 94 3,751,781 - - 3,751,875 Conversion of SAFEs into common stock in connection with Merger-- -- -- -- 4,372,601437 17,489,967 - - 17,490,404 Conversion of preferred stock into common stock in connection with Merger(3,091,672)(309)(2,440,411)(244)(2,088,696)(209)(357,836)(36)7,978,616 798 - - - - Patricia shares converted into common stock upon the Merger-- -- -- -- 1,500,000150 (150)- - - Issuance of common stock pursuant to private placement offering, net of offering costs- - - - - - - - 143,531 14 574,110 - - 574,124 Vested restricted stock purchased with recourse notes-- -- -- -- 11,194- 13,735 (3,897)- 9,838 Restricted stock awards repurchased- - - - - - - - (319,118