Nuvve Results Presentation Deck
CONDENSED
CONSOLIDATED
STATEMENT OF
CASH FLOWS
Operating activities
Net loss
Adjustments to reconcile to net loss to net cash used in operating activities
Depreciation and amortization
Share-based compensation
Beneficial conversion feature on convertible debenture
Accretion of discount on convertible debenture
Change in fair value of warrants liability
Change in fair value of derivative liability
Loss on disposal of asset
Gain on extinguishment of PPP Loan
Noncash lease expense
Change in operating assets and liabilities
Accounts receivable
Inventory
Prepaid expenses and other assets
Accounts payable
Accrued expenses
Deferred revenue
Net cash used in operating activities
Investing activities
Proceeds from sale of property and equipment
Purchase of property and equipment
Net cash provided by (used in) investing activities
Financing activities
Proceeds from Newborn Escrow Account
Redemption of Newborn shares
Issuance costs related to reverse recapitalization and PIPE offering
Proceeeds from PIPE offering
Repayment of Newborn sponsor loans
Deposit with Newborn
Newborn Cash Aqcuired
Repurchase of common stock from EDF
Payment of Finance Lease Obligations
Net cash (used) provided by financing activities
Effect of exchange rate on cash
Net increase (decrease) in cash and restricted cash
Cash and restricted cash at beginning of year
Cash and restricted cash at end of year
Ⓒ2022 Nuvve Holding Corp. All rights reserved. Confidential and proprietary.
35
Three Months Ended March 31,
2022
2021
$
(9,074,261) $
67,302
1,455,644
(433,000)
(53,472)
178,849
454,849
1,789,982
(915,356)
(2,521,672)
624,722
(23,476)
(8,449,889)
(250,861)
(250,861)
(2,073)
(2,073)
146,949
(5,361,720)
41,390
262,105
427,796
116,147
(421,830)
1,405
(764)
151,204
(1,853,640)
(1,656,880)
1,703,781
3,723,729
233,426
(2,633,851)
8,107
8,107
58,471,961
(18,630)
(3,704,921)
14,250,000
(487,500)
(287,500)
50,206
(6,000,000)
62,273,616
119,541
(8,555,874)
32,740,520
$ 24,184,646 $ 62,043,308
59,767,413
2,275,895
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