Jet.AI Reports Third Quarter 2024 Financial Results
Jet.AI Reports Third Quarter 2024 Financial Results
Jet.AI Chairman and CEO Mike Winston commented, "We're seeing strength across our business, with improvements in our key financial metrics both year-over-year and quarter-over-quarter. To make our earnings more predictable, we entered an agreement with Textron Aviation to purchase three Cessna Citation CJ4 jets, which will be delivered in stages—one each in the first, second, and fourth quarters of 2026. This order complements a proposed fleet deal with Bombardier for Challenger 3500 jets, which would be expected a year later in the first, second and third quarters of 2027, respectively. Our plan is to pre-sell shares in fleet aircraft to customers before delivery, maintaining a 'capital-light' model in private aviation by reducing upfront costs."LAS VEGAS, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Jet.AI (the "Company") (Nasdaq: JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced financial results for the third quarter ended September 30, 2024.
拉斯維加斯，2024年11月14日（環球新聞）-- Jet.AI（"公司"）（納斯達克：JTAI），一家創新的私人航空和人工智能（"人工智能"）公司，今天公佈了截至2024年9月30日的第三季度財務結果。
Third Quarter 2024 and Recent Operational Highlights
2024年第三季度及最近的運營亮點
- Authorized $2 million share repurchase program and withdrawal of S-1 registration statement
- Announced reverse stock split
- Participated in Corporate Jet Investor Miami 2024
- Announced new features and advancements to CharterGPT and Reroute AI
- Participated in the 2024 NBAA Business Aviation Convention & Exhibition
- Opened new JetLeg.AI app to Beta Testers
- Announced updates around proprietary software solutions
- Entered into warrant amendments after successful warrant exchange offer and consent solicitation
- Launched DynoFlight 2.0 platform, an advanced AI web-based solution for aviation carbon management
- Completed exchange offer and consent solicitation relating to its outstanding warrants
- 授權200萬美元的股票回購計劃和撤回S-1註冊聲明
- 宣佈進行反向股票拆分
- 參加2024年邁阿密企業噴氣投資者會議
- 宣佈CharterGPt和Reroute AI的新功能和改進
- 參加了2024年NBAA商務航空大會及展覽
- 向Beta測試者開放了新的JetLeg.AI應用程序
- 宣佈了有關專有軟件解決方案的更新
- 在成功的warrants交易所和同意徵求後，進入了warrants修訂
- 推出了DynoFlight 2.0平台，這是一種先進的人工智能基於網絡的航空碳管理解決方案
- 完成了與其未到期warrants相關的交易所和同意徵求
Management Commentary
管理層評論
Jet.AI Chairman and CEO Mike Winston commented, "We're seeing strength across our business, with improvements in our key financial metrics both year-over-year and quarter-over-quarter. To make our earnings more predictable, we entered an agreement with Textron Aviation to purchase three Cessna Citation CJ4 jets, which will be delivered in stages—one each in the first, second, and fourth quarters of 2026. This order complements a proposed fleet deal with Bombardier for Challenger 3500 jets, which would be expected a year later in the first, second and third quarters of 2027, respectively. Our plan is to pre-sell shares in fleet aircraft to customers before delivery, maintaining a 'capital-light' model in private aviation by reducing upfront costs."
Jet.AI董事長兼首席執行官邁克·溫斯頓評論道："我們看到業務各方面的強勁表現，關鍵財務指標在同比和環比上都有所改善。爲了使我們的盈利更加可預測，我們與德事隆航空達成協議，購買三架塞斯納Citation CJ4噴氣機，將分階段交付——2026年第一、第二和第四季度各一架。該訂單補充了與龐巴迪提出的Challenger 3500噴氣機的機隊交易，預計將在2027年第一、第二和第三季度分別交付。我們的計劃是在交付前向客戶預售機隊飛機的股份，通過減少前期成本，保持私營航空的「輕資本」模式。"
"We've authorized a share buyback, completed a reverse split and pulled a Form S-1 due to its heavy warrant structure. On a related note, we also filed an S-3 as a continuation of our previously disclosed transaction with Ionic Ventures LLC. The Company now expects to regain compliance with NASDAQ's listing standards by the November 26th deadline."
"我們已授權進行股票回購，完成了反向拆股，並因其繁重的warrants結構而撤回了S-1表格。相關的，我們還提交了S-3表格，作爲我們之前披露的與Ionic Ventures LLC交易的延續。公司現在預計將在11月26日截止日期之前恢復符合納斯達克上市標準。"
Winston also spoke about advancing CharterGPT, the company's AI-based booking technology. "Over the next few quarters, we aim to develop CharterGPT into an 'AI agent' that can handle both the customer-facing and backend aspects of the booking process independently, returning results without extensive human oversight. Expanding sales by hiring more charter brokers isn't particularly interesting to us, but expanding sales by using AI brokers with only the most crucial moments of human involvement is very interesting. Testing this approach is relatively low-cost and may reveal a product market fit for AI-driven sales."
溫斯頓還談到了推進CharterGPt，該公司的人工智能預訂技術。"在接下來的幾個季度中，我們旨在將CharterGPt發展爲一個可以獨立處理客戶面對面和後端預訂過程的「AI代理」，返回無需大量人工監督的結果。通過僱傭更多的包機經紀人來擴展銷售對我們來說並不是特別有趣，但通過使用只有在最關鍵時刻才涉及人類的AI經紀人來擴展銷售則非常有趣。測試這種方法的相對低成本，可能會揭示人工智能驅動銷售的產品市場契合度。"
Third Quarter 2024 Financial Results
2024年第三季度財務結果
Revenues were $3.9 million, an increase of $0.5 million compared to the same period last year and $0.8 million compared to the prior quarter. The primary reason for the increase was due to additional service revenue arising from the Company entering into an agreement to manage a second customer aircraft in the second quarter of 2024.
營業收入爲390萬，同比增長50萬，較上一季度增加80萬。增長的主要原因是由於公司與客戶達成協議，管理第二架客戶飛機，預計將在2024年第二季度開始。
Software App and Cirrus Charter revenue, the gross amount of charters booked through CharterGPT and Cirrus, was $2.4 million, an increase of $0.5 million compared to the same period last year.
軟件應用和Cirrus Charter的收入，通過CharterGPt和Cirrus預訂的包機總金額爲240萬，同比增長50萬。
Management and Other Services revenue, which is comprised of revenues generated from managing and chartering our customer aircrafts, totaled $960,000 compared to $775,000 in the same period last year.
管理和其他服務的收入，主要來源於管理和包租客戶飛機的收入，總計爲960,000美元，而去年同期爲775,000美元。
Jet Card and Fractional Programs revenue, which is generated from the sale and use of jet cards and service revenue related to ongoing utilization by the Company's fractional customers, totaled $547,000 compared to $732,000 in the same period last year.
Jet Card和Fractional Programs的收入，來自於售賣和使用噴氣卡以及與公司部分客戶的持續使用相關的服務收入，總計爲547,000美元，而去年同期爲732,000美元。
Cost of revenues totaled $3.9 million compared to $3.2 million in the same period last year. The increase is primarily due to an increase in Cirrus charter flight activity, costs related to the operation of aircraft and payments to Cirrus for their management.
營業成本總計爲390萬，較去年同期的320萬有所增加。增加的主要原因是由於Cirrus包機活動的增加、與飛機運營相關的成本及對Cirrus的管理費用支付。
Gross loss totaled approximately $14,000 compared to a gross profit of $170,000 in the same period last year and gross loss of $417,000 in the prior quarter. The result was largely driven by reduced flights performed for the Company's jet card customers without a corresponding reduction in fixed costs.
毛損失約爲14,000美元，而去年同期的毛利潤爲170,000美元，上一季度毛損失爲417,000美元。這個結果主要是由於公司針對噴氣卡客戶執行的航班減少，而固定成本沒有相應減少。
Operating expenses totaled $2.9 million compared to $4.4 million in the same period last year. The decrease was primarily due to the improvement in general and administrative, sales & marketing, and research & development expenses.
營業費用總計爲290萬，而去年同期爲440萬。減少的主要原因是一般和管理、銷售與市場以及研發費用的改善。
Operating loss decreased to approximately $2.9 million compared to $4.3 million in the same period last year and $3.2 million in the prior quarter. The improvement was primarily due to the aforementioned reasons above.
營業損失減少至約290萬，而去年同期爲430萬，上一季度爲320萬。改善主要是由於上述原因。
As of September 30, 2024, the Company had cash and cash equivalents of approximately $312,000 compared to $528,000 as of June 30, 2024, and $2.5 million of cash and cash equivalents as of today, November 14th, 2024.
截至2024年9月30日，公司擁有現金及現金等價物約312,000美元，而2024年6月30日爲528,000美元，今天2024年11月14日的現金及現金等價物爲250萬。
About Jet.AI
關於Jet.AI
Jet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of stand-alone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet cards, on-fleet charter, management, and buyer's brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup champions. The Company was founded in 2018 and is based in Las Vegas, NV and San Francisco, CA.
Jet.AI在兩個行業板塊中運營，分別是軟件和航空。軟件行業板塊包括B2C CharterGPt應用程序和B20億 Jet.AI運營商平台。CharterGPt應用程序使用自然語言處理和機器學習來改善私人飛機預訂體驗。Jet.AI運營商平台提供一套獨立的軟件產品，使FAA第135部分的包機提供商能夠增加營業收入，提高效率，減少環保母基影響。航空行業板塊包括噴氣式飛機分成、噴氣卡、機隊包機、管理和買方券商。Jet.AI是拉斯維加斯金騎士隊的官方合作伙伴，2023年NHL斯坦利杯冠軍。公司成立於2018年，位於拉斯維加斯（內華達州）和舊金山（加利福尼亞州）。
Forward-Looking Statements
前瞻性聲明
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, and Jet.AI's projected future results. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
本新聞稿包含某些可能被視爲"前瞻性陳述"的聲明，根據聯邦證券法，包括1995年私人證券訴訟改革法案下的安全港條款，涉及Jet.AI提供的產品和服務以及其運營的市場，以及Jet.AI預期的未來業績。不是歷史的聲明是根據1933年證券法第27A條和1934年證券交易法第21E條的意義上的前瞻性陳述。前瞻性陳述涉及未來事件或我們未來的表現或未來的財務狀況。這些前瞻性陳述不是歷史事實，而是基於關於我們公司、行業、信念和假設的當前預期、估計和預測。這些前瞻性陳述通常由"相信"、"項目"、"期望"、"預見"、"估計"、"打算"、"策略"、"未來"、"機會"、"計劃"、"可能"、"應該"、"將"、"會"、"將會"、"將繼續"、"可能會導致"及類似的表述或這些術語的否定形式或其他類似表述來識別，但缺乏這些詞並不意味着一個聲明不是前瞻性的。前瞻性陳述是關於未來事件的預測、估計和其他聲明，這些預測、估計及其他聲明基於當前的期望和假設，因此，受到可能導致實際結果與預期結果有重大差異的風險和不確定性影響。因此，在依賴僅在聲明日期有效的前瞻性陳述時必須謹慎。可能導致實際結果與前瞻性陳述中表達或暗示的結果有重大差異的因素可以在公司的最新年度報告Form 10-K及其後續提交給證券交易委員會的報告中找到。這些文件識別並解決了其他重要的風險和不確定性，可能導致實際事件和結果與前瞻性陳述中包含的內容有重大差異。讀者被提醒不要過度依賴前瞻性陳述，Jet.AI不承擔任何義務，也不打算更新或修訂這些前瞻性陳述，無論是因爲新信息、未來事件，還是其他原因，除非法律另有規定。
Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
Jet.AI 投資者關係：
Gateway Group，Inc.
949-574-3860
Jet.AI@gateway-grp.com
JET.AI, INC.
(FORMERLY JET TOKEN, INC.)
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
JEt.AI 公司。
(前身爲 JEt TOKEN, INC.)
簡明合併資產負債表
（未經審計）
| September 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 311,883 | $ | 2,100,543 | ||||
| Accounts receivable | 167,701 | 96,539 | ||||||
| Other current assets | 78,403 | 190,071 | ||||||
| Prepaid offering costs | 628,006 | 800,000 | ||||||
| Total current assets | 1,185,993 | 3,187,153 | ||||||
| Property and equipment, net | 5,692 | 7,604 | ||||||
| Intangible assets, net | 86,745 | 73,831 | ||||||
| Right-of-use lease asset | 1,180,824 | 1,572,489 | ||||||
| Investment in joint venture | 100,000 | 100,000 | ||||||
| Deposits and other assets | 798,111 | 798,111 | ||||||
| Total assets | $ | 3,357,365 | $ | 5,739,188 | ||||
| Liabilities and Stockholders' Deficit | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 1,828,259 | $ | 1,656,965 | ||||
| Accrued liabilities | 3,050,068 | 2,417,115 | ||||||
| Deferred revenue | 1,206,869 | 1,779,794 | ||||||
| Operating lease liability | 521,625 | 510,034 | ||||||
| Note payable, net | - | 321,843 | ||||||
| Notes payable - related party, net | - | 266,146 | ||||||
| Total current liabilities | 6,606,821 | 6,951,897 | ||||||
| Lease liability, net of current portion | 628,649 | 1,021,330 | ||||||
| Redeemable preferred stock | 1,150,012 | 1,702,000 | ||||||
| Total liabilities | 8,385,482 | 9,675,227 | ||||||
| Commitments and contingencies (Note 2 and 5) | - | - | ||||||
| Stockholders' Deficit | ||||||||
| Preferred Stock, 4,000,000 shares authorized, par value $0.0001, 0 issued and outstanding | - | - | ||||||
| Series B Convertible Preferred Stock, 5,000 shares authorized, par value $0.0001, 200 and 0 issued and outstanding | - | - | ||||||
| Common stock, 200,000,000 shares authorized, par value $0.0001,148,836 and 43,353 issued and outstanding | 14 | 4 | ||||||
| Subscription receivable | (6,724) | (6,724) | ||||||
| Additional paid-in capital | 44,122,723 | 35,343,069 | ||||||
| Accumulated deficit | (49,144,130) | (39,272,388) | ||||||
| Total stockholders' deficit | (5,028,117) | (3,936,039) | ||||||
| Total liabilities and stockholders' deficit | $ | 3,357,365 | $ | 5,739,188 | ||||
| 九月三十日， | 2024年12月31日， | |||||||
| 2024 | 2023 | |||||||
| （未經審計） | (審計) | |||||||
| 資產 | ||||||||
| 流動資產： | ||||||||
| 現金及現金等價物 | $ | 311,883 | $ | 2,100,543 | ||||
| 應收賬款 | 167,701 | 96,539 | ||||||
| 其他流動資產 | 78,403 | 190,071 | ||||||
| 預付發行費用 | 628,006 | 800,000 | ||||||
| 總流動資產 | 1,185,993 | 3,187,153 | ||||||
| 物業和設備，淨額 | 5,692 | 7,604 | ||||||
| 無形資產-淨額 | 86,745 | 73,831 | ||||||
| 使用權租賃資產 | 1,180,824 | 1,572,489 | ||||||
| 創業公司投資 | 100,000 | 100,000 | ||||||
| 存款和其他資產 | 798,111 | 798,111 | ||||||
| 總資產 | $ | 3,357,365 | $ | 5,739,188 | ||||
| 負債和股東權益 | ||||||||
| 流動負債: | ||||||||
| 應付賬款 | $ | 1,828,259 | $ | 1,656,965 | ||||
| 應計負債 | 3,050,068 | 2,417,115 | ||||||
| 遞延收入 | 1,206,869 | 1,779,794 | ||||||
| 經營租賃負債 | 521,625 | 510,034 | ||||||
| 應付票據，淨額 | - | 321,843 | ||||||
| 應付票據 - 關聯方，淨額 | - | 266,146 | ||||||
| 流動負債合計 | 6,606,821 | 6,951,897 | ||||||
| 租賃負債，扣除流動部分後淨值 | 628,649 | 1,021,330 | ||||||
| 可贖回優先股 | 1,150,012 | 1,702,000 | ||||||
| 總負債 | 8,385,482 | 9,675,227 | ||||||
| 承諾和或有事項（註釋 2 和 5） | - | - | ||||||
| 股東赤字 | ||||||||
| 優先股，授權發行4,000,000股，面值$0.0001，已發行和流通的股份爲0 | - | - | ||||||
| 系列B可轉換優先股票，授權發行5,000股，面值$0.0001，已發行和在外流通200股和0股 | - | - | ||||||
| 普通股，授權200,000,000股，面值$0.0001，已發行並流通148,836股和43,353股 | 14 | 4 | ||||||
| 應收訂閱款 | (6,724) | (6,724) | ||||||
| 其他資本公積 | 44,122,723 | 35,343,069 | ||||||
| 累積赤字 | (49,144,130) | (39,272,388) | ||||||
| 股東赤字合計 | (5,028,117) | (3,936,039) | ||||||
| 負債和股東赤字總計 | $ | 3,357,365 | $ | 5,739,188 | ||||
JET.AI, INC.
(FORMERLY JET TOKEN, INC.)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
JEt.AI 公司。
(前身爲 JEt TOKEN, INC.)
簡明綜合經營表
（未經審計）
| Three Months Ended | Nine Months Ended | |||||||||||||||
| September 30, | September 30, | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| Revenues | $ | 3,917,393 | $ | 3,367,189 | $ | 10,849,875 | $ | 8,035,505 | ||||||||
| Cost of revenues | 3,931,279 | 3,196,748 | 11,405,113 | 8,140,905 | ||||||||||||
| Gross (loss) profit | (13,886) | 170,441 | (555,238) | (105,400) | ||||||||||||
| Operating Expenses: | ||||||||||||||||
| General and administrative (including stock-based compensation of $1,313,358, $2,669,071, $3,714,404, and $5,424,158, respectively) | 2,746,783 | 4,231,142 | 7,956,830 | 8,834,864 | ||||||||||||
| Sales and marketing | 83,310 | 156,991 | 632,380 | 380,699 | ||||||||||||
| Research and development | 37,959 | 48,823 | 107,901 | 113,778 | ||||||||||||
| Total operating expenses | 2,868,052 | 4,436,956 | 8,697,111 | 9,329,341 | ||||||||||||
| Operating loss | (2,881,938) | (4,266,515) | (9,252,349) | (9,434,741) | ||||||||||||
| Other expense (income): | ||||||||||||||||
| Interest expense | - | 24,095 | 79,314 | 24,095 | ||||||||||||
| Other income | (56) | (51) | (176) | (51) | ||||||||||||
| Total other expense (income) | (56) | 24,044 | 79,138 | 24,044 | ||||||||||||
| Loss before provision for income taxes | (2,881,882) | (4,290,559) | (9,331,487) | (9,458,785) | ||||||||||||
| Provision for income taxes | - | - | - | - | ||||||||||||
| Net Loss | $ | (2,881,882) | $ | (4,290,559) | $ | (9,331,487) | $ | (9,458,785) | ||||||||
| Deemed dividend from warrant exchange offer | (540,255) | - | (540,255) | - | ||||||||||||
| Cumulative preferred stock dividends | (18,708) | - | (78,163) | - | ||||||||||||
| Net Loss to common stockholders | $ | (3,440,845) | $ | (4,290,559) | $ | (9,949,905) | $ | (9,458,785) | ||||||||
| Weighted average shares outstanding - basic and diluted | 78,523 | 31,192 | 71,791 | 23,800 | ||||||||||||
| Net loss per share - basic and diluted | $ | (43.82) | $ | (137.55) | $ | (138.60) | $ | (397.43) | ||||||||
| 截至三個月 | 九個月結束 | |||||||||||||||
| 九月三十日， | 九月三十日， | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 營收 | $ | 3,917,393 | $ | 3,367,189 | $ | 10,849,875 | $ | 8,035,505 | ||||||||
| 成本支出 | 3,931,279 | 3,196,748 | 11,405,113 | 8,140,905 | ||||||||||||
| 總（虧損）利潤 | (13,886) | 170,441 | (555,238) | (105,400) | ||||||||||||
| 營業費用： | ||||||||||||||||
| 一般和管理費用（包括分別爲1,313,358美元、2,669,071美元、3,714,404美元和5,424,158美元的股票基礎補償） | 2,746,783 | 4,231,142 | 7,956,830 | 8,834,864 | ||||||||||||
| 銷售和市場營銷 | 83,310 | 156,991 | 632,380 | 380,699 | ||||||||||||
| 研發 | 37,959 | 48,823 | 107,901 | 113,778 | ||||||||||||
| 總營業費用 | 2,868,052 | 4,436,956 | 8,697,111 | 9,329,341 | ||||||||||||
| 營業虧損 | (2,881,938) | (4,266,515) | (9,252,349) | (9,434,741) | ||||||||||||
| 其他費用（收入）: | ||||||||||||||||
| 利息支出 | - | 24,095 | 79,314 | 24,095 | ||||||||||||
| 其他收入 | (56) | (51) | (176) | (51) | ||||||||||||
| 其他總費用（收入） | (56) | 24,044 | 79,138 | 24,044 | ||||||||||||
| 稅前虧損 | (2,881,882) | (4,290,559) | (9,331,487) | (9,458,785) | ||||||||||||
| 所得稅準備 | - | - | - | - | ||||||||||||
| 淨虧損 | $ | (2,881,882) | $ | (4,290,559) | $ | (9,331,487) | $ | (9,458,785) | ||||||||
| 從權證交易所提供的視爲紅利 | (540,255) | - | (540,255) | - | ||||||||||||
| 累積優先股股息 | Table of Contents | - | 銷售差異 | - | ||||||||||||
| 對普通股東的淨虧損 | $ | (3,440,845) | $ | (4,290,559) | $ | (9,949,905) | $ | (9,458,785) | ||||||||
| 基本和稀釋後的流通股數平均權重 | 78,523 | 31,192 | 71,791 | 23,800 | ||||||||||||
| 基本和稀釋每股淨損失 | $ | (43.82) | $ | (137.55) | $ | (138.60) | $ | (397.43) | ||||||||
JET.AI, INC.
(FORMERLY JET TOKEN, INC.)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
JEt.AI 公司。
(前身爲 JEt TOKEN, INC.)
合併現金流量表
（未經審計）
| Nine Months Ended | |||||||
| September 30, | |||||||
| 2024 | 2023 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||
| Net loss | $ | (9,331,487) | $ | (9,458,785 | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||||
| Amortization and depreciation | 1,920 | 101,439 | |||||
| Amortization of debt discount | 80,761 | 20,833 | |||||
| Stock-based compensation | 3,714,404 | 5,424,158 | |||||
| Non-cash operating lease costs | 391,665 | 380,416 | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (71,162) | 17,977 | |||||
| Other current assets | 111,668 | (24,019 | |||||
| Accounts payable | 410,766 | 790,530 | |||||
| Accrued liabilities | 804,947 | (126,103 | |||||
| Deferred revenue | (572,925) | 498,765 | |||||
| Operating lease liability | (381,090) | (369,841 | |||||
| Net cash used in operating activities | (4,840,533) | (2,744,630 | |||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||
| Purchase of property and equipment | - | (4,339 | |||||
| Purchase of intangible assets | (12,922) | (30,056 | |||||
| Investment in joint venture | - | (100,000 | |||||
| Deposits and other assets | - | (35,135 | |||||
| Net cash used in investing activities | (12,922) | (169,530 | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||
| Proceeds - notes payable, net of discount | - | 275,000 | |||||
| Proceeds - related party notes payable, net of discount | - | 225,000 | |||||
| Repayments - notes payable | (371,250) | - | |||||
| Repayments - related party notes payable | (297,500) | - | |||||
| Offering costs | (236,233) | (437,665 | |||||
| Exercise of warrants | 742,474 | - | |||||
| Proceeds from sale of Series B Preferred Stock | 1,500,025 | - | |||||
| Proceeds from sale of Common Stock | 1,727,279 | 1,607,450 | |||||
| Proceeds from business combination | - | 620,893 | |||||
| Net cash provided by financing activities | 3,064,795 | 2,290,678 | |||||
| Decrease in cash and cash equivalents | (1,788,660) | (623,482 | |||||
| Cash and cash equivalents, beginning of period | 2,100,543 | 1,527,391 | |||||
| Cash and cash equivalents, end of period | $ | 311,883 | $ | 903,909 | |||
| Supplemental disclosures of cash flow information: | |||||||
| Cash paid for interest | $ | 79,314 | $ | - | |||
| Cash paid for income taxes | $ | - | $ | - | |||
| Non cash financing activities: | |||||||
| Subscription receivable from sale of Common Stock | $ | - | $ | 6,724 | |||
| Issuance of Common Stock for settlement of accounts payable | $ | 239,472 | $ | - | |||
| Issuance of Common Stock from warrant exchange | $ | 540,255 | $ | - | |||
| Series A Preferred Stock conversion | $ | 551,988 | $ | - | |||
| Increase in accounts payable due to Business Combination | $ | - | $ | 1,047,438 | |||
| Increase in redeemable preferred stock due to Business Combination | $ | - | $ | 1,702,000 | |||
| Increase in prepaid offering costs and accounts payable | $ | - | $ | 800,000 | |||
| Decrease in prepaid offering costs and accrued liabilities from issuance of common stock | $ | 172,200 | $ | - | |||
| 九個月結束 | |||||||
| 九月三十日， | |||||||
| 2024 | 2023 | ||||||
| 經營活動產生的現金流量： | |||||||
| 淨虧損 | $ | (9,331,487) | $ | (9,458,785 | |||
| 調整爲淨損失到經營活動現金流量淨使用： | |||||||
| 攤銷和折舊 | 1,920 | 101,439 | |||||
| 債務折扣攤銷 | 80,761 | 20,833 | |||||
| 股票獎勵 | 3,714,404 | 5,424,158 | |||||
| 非現金運營租賃成本 | 391,665 | 380,416 | |||||
| 運營資產和負債的變化： | |||||||
| 應收賬款 | (71,162) | 17,977 | |||||
| 其他流動資產 | 111,668 | (24,019 | |||||
| 應付賬款 | 410,766 | 790,530 | |||||
| 應計負債 | 804,947 | (126,103 | |||||
| 遞延收入 | (572,925) | 498,765 | |||||
| 經營租賃負債 | (381,090) | (369,841 | |||||
| 用於經營活動的淨現金 | (4,840,533) | (2,744,630 | |||||
| 投資活動產生的現金流量： | |||||||
| 購置固定資產等資產支出 | - | (4,339 | |||||
| 收購成本（b） | (12,922) | (30,056 | |||||
| 創業公司投資 | - | （100,000 | |||||
| 存款和其他資產 | - | (35,135 | |||||
| 投資活動所使用的淨現金 | (12,922) | (169,530 | |||||
| 籌資活動產生的現金流量： | |||||||
| 收入 - 應付票據，扣除折扣後 | - | 275,000 | |||||
| 收入 - 相關方應付票據，扣除折扣後淨額 | - | 225,000 | |||||
| 償還 - 應付票據 | (371,250) | - | |||||
| 償還 - 關聯方應付款項 | (297,500) | - | |||||
| 發行費用 | (236,233) | (437,665 | |||||
| 行使權證 | 742,474 | - | |||||
| 系列B優先股銷售收益 | 1,500,025 | - | |||||
| 普通股銷售收益 | 1,727,279 | 1,607,450 | |||||
| 業務合併的收益 | - | 620,893 | |||||
| 籌資活動產生的現金淨額 | 3,064,795 | 2,290,678 | |||||
| 現金及現金等價物減少 | (1,788,660) | (623,482 | |||||
| 現金及現金等價物期初餘額 | 2,100,543 | 1,527,391 | |||||
| 現金及現金等價物期末餘額 | $ | 311,883 | $ | 903,909 | |||
| 補充現金流信息披露： | |||||||
| 支付的利息現金 | $ | 79,314 | $ | - | |||
| 支付的所得稅費用 | $ | - | $ | - | |||
| 非現金融資活動: | |||||||
| 應收訂閱費來自普通股銷售 | $ | - | $ | 6,724 | |||
| 發行普通股以結算應付賬款 | $ | 239,472 | $ | - | |||
| 通過認股權證交換髮行普通股 | $ | 540,255 | $ | - | |||
| A輪優先股轉換 | $ | 551,988 | $ | - | |||
| 由於業務合併，應付賬款增加 | $ | - | $ | 1,047,438 | |||
| 由於業務合併，贖回優先股的增加 | $ | - | $ | 1,702,000 | |||
| 預付發行費用和應付賬款的增加 | $ | - | $ | 800,000 | |||
| 因發行普通股而導致的預付費用和應計負債減少 | $ | 172,200 | $ | - | |||
譯文內容由第三人軟體翻譯。
