Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 93

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 93
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 public offerings or private placements to finance business development and to consummate any merger or acquisition, if necessary.

Cash flows

For the six months ended March 31, 2025 and 2024

The following table sets forth a summary of our cash flows for the six months ended March 31, 2025 and 2024, respectively.

|                                           |     | For the Six Months Ended March 31, |     2025 |   |     |   |     2024 |   |
|:------------------------------------------|:----|:-----------------------------------|---------:|:--|:----|:--|---------:|:--|
| Net cash provided by operating activities |     | $                                  |  730,838 |   |     | $ |  729,690 |   |
| Net cash used in investing activities     |     |                                    | (794,239 | ) |     |   |   (7,389 | ) |
| Net cash used in financing activities     |     |                                    | (191,484 | ) |     |   | (762,461 | ) |
| Effect of exchange rate changes on cash   |     |                                    |     (359 | ) |     |   |  (10,536 | ) |
| Net decrease in cash                      |     |                                    | (255,244 | ) |     |   |  (50,696 | ) |
| Cash, beginning of period                 |     |                                    |  313,734 |   |     |   |   80,864 |   |
| Cash, end of period                       |     | $                                  |   58,490 |   |     | $ |   30,168 |   |

| 50 |

Operating activities

Net cash provided by operating activities was approximately $0.7 million for the six months ended March 31, 2025, which mainly consisted of (i) net income of approximately $0.9 million; (ii) a decrease of prepaid expenses and other current assets of $0.3 million arising from the refund of the security deposit from the game developer, and (iii) an increase of taxes payable of approximately $0.1 million arising from provision of corporate income tax. The increase in cash in operating activities was partially offset by an increase in accounts receivable of approximately $0.6 million due to revenue generated from game players.

Net cash provided by operating activities was approximately $0.7 million for the six months ended