Bolt Projects Holdings, Inc. Financial Statements — BSLK

Income Statement	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	- -	- -	3	1
+ Sales & Services Revenue	- -	- -	3	1
- Cost of Revenue	1	1	5	1
+ Cost of Goods & Services	1	1	5	1
Gross Profit	-1	- -	-1	- -
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	41	53	29	42
+ Selling, General & Admin	17	37	20	35
+ Research & Development	24	16	10	6
+ Other Operating Expense	- -	- -	- -	- -
Operating Income (Loss)	-41	-53	-31	-42
- Non-Operating (Income) Loss	-3	-1	27	24
+ Interest Expense, Net	7	1	4	2
+ Interest Expense	7	1	4	2
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-9	-2	24	22
Pretax Income	-39	-52	-58	-65
- Income Tax Expense (Benefit)	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-39	-52	-58	-65
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	-39	-52	-58	-65
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	-39	-52	-58	-65
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-39	-52	-58	-65
Basic Weighted Avg Shares	32	32	32	- -
Basic EPS, GAAP	-1.22	-1.63	-1.82	- -
Basic EPS from Cont Ops	-1.22	-1.63	-1.82	- -
Diluted Weighted Avg Shares	32	32	32	- -
Diluted EPS, GAAP	-1.22	-1.63	-1.82	- -
Diluted EPS from Cont Ops	-1.22	-1.63	-1.82	- -
EBITDA	-37	-49	-29	-42
EBITDA Margin (%)	-12,109.18	-14,235.55	-828.89	-3,030.3
EBITA	-41	-53	-31	-42
EBIT	-41	-53	-31	-42
Gross Margin (%)	-188.52	-112.14	-40.83	-6.77
Operating Margin (%)	-13,520.33	-15,332.08	-891.02	-3,030.44
Profit Margin (%)	-12,623.93	-14,942.49	-1,677.42	-4,762.78
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	4	4	2	- -

Balance Sheet	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	63	26	5	9
+ Cash, Cash Equivalents & STI	57	23	1	4
+ Cash & Cash Equivalents	57	23	1	4
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	3	1	- -	1
+ Accounts Receivable, Net	- -	- -	- -	1
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	3	1	- -	- -
+ Inventories	- -	- -	- -	2
+ Raw Materials	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	2
+ Other ST Assets	2	2	4	3
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	42	52	20	3
+ Property, Plant & Equip, Net	40	40	- -	- -
+ Property, Plant & Equip	51	53	- -	- -
- Accumulated Depreciation	12	13	- -	- -
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	3	12	20	3
+ Total Intangible Assets	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	3	12	20	3
Total Assets	105	78	24	12
+ Payables & Accruals	4	2	3	7
+ Accounts Payable	1	1	2	- -
+ Accrued Taxes	- -	- -	- -	3
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	3	1	1	3
+ ST Debt	4	4	18	- -
+ ST Borrowings	3	- -	18	- -
+ ST Finance Leases	1	4	- -	- -
+ Other ST Liabilities	- -	- -	6	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	6	- -
Total Current Liabilities	8	6	27	7
+ LT Debt	25	51	15	13
+ LT Borrowings	- -	30	13	13
+ LT Finance Leases	25	21	2	- -
+ Other LT Liabilities	340	340	94	1
+ Accrued Liabilities	2	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	338	340	94	1
Total Noncurrent Liabilities	365	391	110	14
Total Liabilities	373	396	137	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	19	20	284	453
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	19	20	284	453
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-287	-339	-396	-462
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	-268	-318	-113	-9
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	-268	-318	-113	-9
Total Liabilities & Equity	105	78	24	12
Shares Outstanding	32	32	32	33
Capital Leases - Total	26	25	2	- -
Net Debt	-54	7	30	10
Net Debt to Equity	20.22	-2.14	-26.82	-112.36
Tangible Common Equity Ratio	-255.62	-409.09	-463.63	-70.4
Current Ratio	7.79	4.72	0.17	1.28
Cash Conversion Cycle	- -	-591.67	-90.32	229.45
Number of Employees	- -	- -	- -	- -

Cash Flow Statement	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	-39	-52	-58	-65
+ Depreciation & Amortization	4	4	2	- -
+ Non-Cash Items	2	-1	26	54
+ Stock-Based Compensation	2	1	1	18
+ Deferred Income Taxes	- -	- -	- -	- -
+ Asset Impairment Charge	1	- -	22	- -
+ Other Non-Cash Adj	- -	-2	3	36
+ Chg in Non-Cash Work Cap	-4	-7	1	-5
+ (Inc) Dec in Accts Receiv	-2	2	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	-2
+ (Inc) Dec in Prepaid Assets	-1	1	- -	- -
+ Inc (Dec) in Accts Payable	1	-2	- -	-3
+ Inc (Dec) in Other	-2	-7	1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-36	-56	-29	-16
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-12	-8	-1	- -
+ Acq of Fixed Prod Assets	-12	-8	-1	- -
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Net Change in LT Investment	21	- -	- -	- -
+ Dec in LT Investment	22	- -	- -	- -
+ Inc in LT Investment	-1	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	9	-8	-1	- -
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	-2	27	7	19
+ Cash From Debt	- -	30	7	23
+ Repayments of Debt	-2	-3	- -	-4
+ Cash (Repurchase) of Equity	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -
+ Other Financing Activities	72	3	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	69	30	6	19
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	42	-34	-24	3
Capital Expenditures	-12	-8	-1	- -
EBITDA	-37	-49	-29	-42
EBITDA Margin (%)	-12,109.18	-14,235.55	-828.89	-3,030.3
Net Cash Paid for Acquisitions	- -	- -	- -	- -
Free Cash Flow	-49	-64	-30	-16
Free Cash Flow to Firm	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-37	-23	3
Free Cash Flow per Basic Share	-1.53	-2.02	-0.95	- -
Price/Free Cash Flow	- -	- -	- -	- -
Cash Flow to Net Income	0.94	1.08	0.51	0.25

Bolt Projects Holdings, Inc.

Income Statement

Balance Sheet

Cash Flow Statement