Forza X1 Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-5.1	-5.93	-3.63	-0.46
Depreciation & Amortization	0.21	0.19	0.06	0
Loss (Gain) From Sale of Assets	-	-	0.03	0.19
Loss (Gain) From Sale of Investments	-0.03	-0.05	-	-
Stock-Based Compensation	1.3	1.35	0.46	-
Other Operating Activities	0.09	0.09	-0.16	-
Change in Inventory	-0.36	-0.49	-	-
Change in Accounts Payable	-0.02	-0.01	0.09	0.01
Change in Unearned Revenue	-0	0	0.01	-
Change in Other Net Operating Assets	0.14	0.72	-0.23	-0.05
Operating Cash Flow	-3.78	-4.15	-3.38	-0.3
Capital Expenditures	-4.14	-2.8	-0.61	-0.43
Investment in Securities	0.17	-2.83	-	-
Other Investing Activities	-0.14	-0.1	-	-
Investing Cash Flow	-4.1	-5.73	-0.61	-0.43
Short-Term Debt Issued	-	0.54	0.61	1.04
Total Debt Issued	0.63	0.54	0.61	1.04
Short-Term Debt Repaid	-	-0.51	-1.1	-0.4
Long-Term Debt Repaid	-	-0.01	-	-
Total Debt Repaid	-0.38	-0.52	-1.1	-0.4
Net Debt Issued (Repaid)	0.24	0.02	-0.49	0.64
Issuance of Common Stock	7	7	15.73	2
Repurchase of Common Stock	-0.02	-0.02	-	-
Other Financing Activities	-0.07	-0.07	-0.3	-0.11
Financing Cash Flow	7.15	6.93	14.95	2.54
Net Cash Flow	-0.73	-2.95	10.96	1.8
Free Cash Flow	-7.92	-6.95	-3.98	-0.73
Free Cash Flow Margin	-21324.74%	-18716.88%	-	-
Free Cash Flow Per Share	-0.54	-0.52	-0.48	-0.10
Cash Interest Paid	0.01	0	0	0.02
Levered Free Cash Flow	-6.26	-5.08	-2.66	-
Unlevered Free Cash Flow	-6.26	-5.08	-2.65	-
Change in Net Working Capital	0.01	-0.31	0.28	-

Source: S&P Capital IQ. Standard template.