Company: FEAV
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019943
Chunk: 62

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 62
---
130
    )

    —

    (127
    )

    Share based compensation expense

    —

    —

    1,350

    —

    1,350

    Net income (loss)

    —

    —

    —

    (12,859
    )

    (12,859
    )

    Balance at September 30, 2024

    68,883

    $
    689

    $
    214,265

    $
    (212,860
    )
     
    $
    2,094

    Vesting of restricted share units

    8

    —

    (9
    )

    —

    (9
    )

    Share based compensation

    —

    —

    179

    —

    179

    Convertible note derivative liability reclassification

    —

    —

    3,601

    —

    3,601

    Net income (loss)

    —

    —

    —

    (14,262
    )

    (14,262
    )

    Balance at December 31, 2024

    68,891

    $
    689

    $
    218,036

    $
    (227,122
    )
     
    $
    (8,397
    )

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

7

5E ADVANCED MATERIALS, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Financial Statement PresentationThese unaudited condensed consolidated financial statements (herein after referred to as “financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and should be read in the context of the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (“SEC”) on September 9, 2024. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position as of December 31, 2024, results of operations for the three and six months ended December 31, 2024 and 2023