Company: EBZT
Filing Date: 2025-01-27
Form Type: 10-Q
Source: 0001477932-25-000477
Chunk: 47

Company: Everything Blockchain, Inc.
Filing Date: 2025-01-27
Form: 10-Q
Item: Part I, Item 2
Chunk 47
---
  -   -   -   - Selling, general, and administrative  -   -   -   - Stock based compensation  -   -   -   - Depreciation and amortization  -   -   -   - Total operating expenses  -   -   -   - Loss from operations  -   -   -   - 

Revenue

Revenue for the three and nine months ended October 31, 2024 and 2023 was $0.0 and  $0.0 million. 

 18Table of Contents

Operating Expenses

All operating expenses were reassigned to discontinued operations.

Loss from Operations

Loss from operations for the three months ended October 31, 2024, and 2023, were $0.0 million. All losses are accounted for under discontinued operations. 

Analysis of Cash Flows

Operating Activities

Net cash used in operating activities – discontinuing operations was $0.8 million for the nine months ended October 31, 2024, and $2.2 million for the nine months ended October 31,2023.  

Net cash used in operating activities – continuing operations was $0.0 million for the nine months ended October 31, 2024 and 2023. 

Investing Activities

Net cash used in investing activities – discontinuing operations was $0 for the nine months ended October 31, 2024, and $697 for the nine months ended October 31, 2023.  All cash used in investing activities was in discontinued operations.

Financing Activities

Net cash provided by financing activities was $0.7 million for the nine months ended October 31, 2024, compared to $0.7 million for the nine months ended October 31, 2023. During the nine months ended October 31, 2024, we sold 953,387 shares of common stock for $0.5 million and borrowed an additional $0.3 million, which was partially offset by debt payments of $0.1 million. During the nine months ended October 31, 2023, we received $0.2 million receivable from a stockholder and borrowed an additional $0.9 million, which was offset by debt payments of $0.5 million. Out of the amount mentioned above proceeds from related party of $0.