Company: VGASW
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040155
Chunk: 15

Company: Verde Clean Fuels, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 511,328 - - 511,328 Rebalancing of ownership percentage for issuance of Class A shares-- -- 114,903 - (114,903)- Net loss-- -- - (1,676,078)(3,684,725)(5,360,803)Balance – June 30, 20249,549,621$955 22,500,000$2,250 $36,050,663 $(25,598,808)$13,930,407 $24,385,467 

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

4

VERDE CLEAN FUELS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Six Months EndedJune 30,20252024Cash flows from operating activities:Net loss$(5,249,584)$(5,360,803)Adjustments to reconcile net loss to net cash used in operating activitiesDepreciation7,764 6,206 Share-based compensation expense911,509 511,328 Amortization of right-of-use assets172,675 147,451 Changes in operating assets and liabilitiesPrepaid expenses(5,132)(639,665)Accounts payable(439,945)8,119 Accrued liabilities(1,146,899)418,676 Operating lease liabilities(166,845)(133,264)Other changes in operating assets and liabilities32,974 24,976 Net cash used in operating activities(5,883,483)(5,016,976)Cash flows from investing activities:Purchases of property, plant and equipment(2,019,809)(552,300)Reimbursement of capital expenditures1,467,882 - Net cash used in investing activities(551,927)(552,300)Cash flows from financing activities:Issuance of Class A common stock to Cottonmouth50,000,000 - Payment of equity issuance costs(553,892)- Net cash provided by financing activities49,446,108 - Net change in cash, cash equivalents and restricted cash43,010,698 (5,569,276)Cash, cash equivalents and restricted cash, beginning of year19,144,067 28,879,177 Cash, cash equivalents and restricted cash, end of period$62,154,765 $23