Company: NCEL
Filing Date: 2025-11-06
Form Type: POS AM
Source: 0001213900-25-106799
Chunk: 16

Company: NewcelX Ltd.
Filing Date: 2025-11-06
Form: POS AM
Chunk 16
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 an increase of $146,012, or 7.1%, compared to $2,053,492 for the six months ended June 30, 2024. Other Income/Expense, net Other income consists of exchange rate differences. We recognized other expense of $20,782 for the six months ended June 30, 2025, representing a decrease of $104,643, or 119.9%, compared to income of $104,643 for the six months ended June 30, 2024. The increase in income was mainly attributable to favorable exchange rate differences.

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Interest Expense Interest expense consists of interest on notes payable, imputed interest, and interest on related -partyshort -termloans. Interest expense was $385 for the six months ended June 30, 2025, compared to $86,985 for the six months ended June 30, 2024, a decrease of $86,600, or 99.5%. The decrease reflects the lack of debt in the current period, as the Company paid its directors’ and officers’ (D&O) insurance policy in full during 2025 and had no related -partynotes outstanding, whereas in the prior -yearperiod the policy was financed through short -termnotes payable and related party notes were converted in October 2024. Net Loss As a result of the foregoing, our net loss totaled $2,220,671 for the six months ended June 30, 2025, representing an increase of $184,837, or 9.1%, compared to $2,035,834 for the six months ended June 30, 2024. Net Loss attributable to common shareholders Our net loss attributable to holders of NLS Common Shares for the six months ended June 30, 2025 was $4,192,877 and for the six months ended June 30, 2024 was $2,035,834. The increase resulted from a deemed dividend totaling $1,845,839 for the incremental value from the modification of various warrants’ exercise price and the fair value of the make whole shares issued in connection with execution of March 2025 SPA and accrued dividends on preferred share of $126,367. B.Liquidity and Capital Resources Overview As of June 30, 2025, we had $3,072,376 in cash and cash equivalents. The table below summarizes our cash flows for the six months ended June 30, 2025 and 202