Proceeds from sale of
prefunded warrants, net of
issuance costs 93,321 3,750,282 -- --
Redemption of warrants -- -- (32,617,499) (4,488,317)
------------- --- ------------- --- ------------- ------------
Net cash (used in) provided
by financing activities (9,999,380) 56,383,273 45,024,057 6,195,518
------------- --- ------------- --- ------------- ------------
Effect of exchange rate
fluctuation on cash and
restricted cash 10,275,148 27,688,659 1,722,165 236,978
------------- --- ------------- --- ------------- ------------
Net increase (decrease) in
cash and restricted cash (26,300,153) (212,841,072) 5,983,265 823,328
Cash and restricted cash at
beginning of year 343,998,570 317,698,417 104,857,345 14,428,851
------------- --- ------------- --- ------------- ------------
Cash and restricted
cash at end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179
=== ============= === ============= === ============= ============
Supplemental cash
flow information
Cash paid during the
year for interest Yen 1,427,174 Yen 1,200,699 Yen 659,472 $ 90,945
=== ============= === ============= === ============= ============
Cash paid during the
year for taxes Yen 10,214 Yen 18,339 Yen 2,137,166 $ 294,729
=== ============= === ============= === ============= ============
Reconciliation of
cash and restricted
cash, beginning of
year
Cash Yen 343,998,570 Yen 316,974,857 Yen 104,125,800 $ 14,328,187
Restricted cash -- 723,560 731,545 100,664
------------- --- ------------- --- ------------- ------------
Cash and restricted
cash, beginning of
year Yen 343,998,570 Yen 317,698,417 Yen 104,857,345 $ 14,428,851
=== ============= === ============= === ============= ============
Reconciliation of
cash and restricted
cash, end of year
Cash Yen 316,974,857 Yen 104,125,800 Yen 109,991,674 $ 15,135,362
Restricted cash 723,560 731,545 848,936 116,817
------------- --- ------------- --- ------------- ------------
Cash and restricted
cash, end of year Yen 317,698,417 Yen 104,857,345 Yen 110,840,610 $ 15,252,179
=== ============= === ============= === ============= ============
Non-cash investing
and financing
activities
Cancellation of
shares issued to
Starry Lab Yen (27,675,450) Yen -- Yen -- $ --
Right-of-use assets
obtained in exchange
for operating lease
obligations Yen 937,672 Yen 75,182 Yen 8,303,099 $ 1,145,050
Reduction of
right-of-use assets
and operating lease
obligations due to
early termination of
lease agreement Yen -- Yen 62,357 Yen 61,301 $ 8,454
Inventories
transferred to and
used as fixed
assets Yen -- Yen (65,456) Yen -- $ --
Receivable for
disposal of property
and equipment Yen 3,000 Yen -- Yen -- $ --
Other payable due to
non-controlling
interest converted
into capital
contribution Yen 1,130,000 Yen -- Yen $
View original content:https://www.prnewswire.com/news-releases/recon-technology-ltd-reports-financial-year-results-for-fiscal-year-2024-302291282.html
SOURCE Recon Technology, Ltd
(END) Dow Jones Newswires
October 30, 2024 08:30 ET (12:30 GMT)
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