$CSAI

CLOUDASTRUCTURE, INC.

CIK:0001709628|SEC Filings

Condensed Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues	$ 1,233,000	$ 1,086,000	$ 2,548,000	$ 1,824,000
Cost of goods sold	(623,000)	(686,000)	(1,228,000)	(1,094,000)
Gross profit (loss)	610,000	400,000	1,320,000	730,000
Operating expenses:
General and administrative	839,000	993,000	2,222,000	2,075,000
Research and development	570,000	539,000	1,275,000	1,308,000
Sales and marketing	943,000	622,000	1,856,000	1,434,000
Operations	359,000	171,000	671,000	274,000
Total operating expenses	2,712,000	2,324,000	6,025,000	5,091,000
Loss from operations	(2,102,000)	(1,924,000)	(4,705,000)	(4,360,000)
Other income/(expenses), net:
Interest income	56,000	73,000	95,000	82,000
State & sales taxes	(4,000)	(2,000)	(87,000)	(4,000)
Change in fair value of derivative liabilities	319,000	(334,000)	191,000	81,000
Net loss	(1,731,000)	(2,186,000)	(4,505,000)	(4,201,000)
Deemed dividend for original issue discount on preferred shares	(122,000)	(961,000)	(571,000)	(1,262,000)
Net Loss Available to Common Stockholders	$ (1,853,000)	$ (3,147,000)	$ (5,076,000)	$ (5,463,000)
Basic (loss) per share	$ (2.32)	$ (5.52)	$ (6.33)	$ (9.95)
Diluted (loss) per share	$ (2.32)	$ (5.52)	$ (6.33)	$ (9.95)
Weighted Average Shares, basic	797,585	570,563	802,323	548,897
Weighted Average Shares, diluted	797,585	570,563	802,323	548,897
Common Class A [Member]
Other income/(expenses), net:
Basic (loss) per share	$ (2.32)	$ (5.52)	$ (6.33)	$ (9.95)
Diluted (loss) per share	(2.32)	(5.52)	(6.33)	(9.95)
Common Class B [Member]
Other income/(expenses), net:
Basic (loss) per share	(2.32)	(5.52)	(6.33)	(9.95)
Diluted (loss) per share	$ (2.32)	$ (5.52)	$ (6.33)	$ (9.95)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net Loss	$ (4,505)	$ (4,201)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	56	32
Stock-based compensation	791	1,183
Change in fair value of derivative liabilities	(191)	(81)
Changes in operating assets and liabilities:
(Increase) Decrease in accounts receivable	(140)	(296)
(Increase) Decrease in other current assets	(335)	(211)
(Increase) Decrease in inventory	21	(137)
Increase (Decrease) in accounts payable	(294)	(524)
Increase (Decrease) in accrued expenses	89	20
Increase (Decrease) in deferred revenue	84	165
Increase (Decrease) in other current liabilities	(36)	30
Net Cash Used in Operating Activities	(4,459)	(4,021)
Cash Flows from Investing Activities
Purchase of fixed assets	(49)	(150)
Net Cash Used in Investing Activities	(49)	(150)
Cash Flows from Financing Activities
Proceeds from issuances of Class A shares	15	0
Proceeds from issuance of Preferred Shares	0	13,750
Equity issuance costs	(145)	(1,898)
Net Cash Provided by (Used in) Financing Activities	(130)	11,852
EFFECT OF EXCHANGE RATE ON CASH	(8)	0
Net Change in Cash	(4,646)	7,681
Cash at Beginning of Period	8,453	52
Cash at End of Period	3,807	7,733
Supplementary disclosure of non-cash activities
Equity issued for non-cash consideration	358	8,013
Derecognition and reclassification of derivative liability	4,108	0
Issuance of Series 2 Preferred Stock in settlement of accrued preferred dividends	217	91
Derivative liability reclassified to host instrument	1,092	1,561
Accrued preferred dividends	134	194
Series 2 Shares exchanged for unsecured promissory note	$ 1,300	$ 0

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 3,807	$ 8,453
Accounts receivable	1,014	874
Inventory	282	304
Other current assets	558	186
Total current assets	5,661	9,817
Non-current assets:
Fixed assets, net	298	305
TOTAL ASSETS	5,959	10,122
Current liabilities:
Accounts payable	237	531
Accrued expenses	97	8
Deferred revenue	674	590
Derivative liability	0	1,321
Preferred Dividends Payable	134	83
Total current liabilities	1,142	2,533
Note Payable, maturing July 30, 2027	1,300	0
Total long-term liabilities	1,300	0
TOTAL LIABILITIES	2,442	2,533
TEMPORARY EQUITY:
Preferred Stock, $0.0001 par value; 0 and 5,166 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	0	4,187
STOCKHOLDERS' EQUITY:
Preferred Stock, $0.0001 par value; 5,000,000 shares authorized; 3,911 and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	0	0
Additional paid-in capital	59,318	53,987
Accumulated deficit	(55,794)	(50,586)
Accumulated other Comprehensive Income	(10)	(2)
TOTAL TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY	3,517	7,589
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY	5,959	10,122
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Common stock value	3	3
Common Class B [Member]
STOCKHOLDERS' EQUITY:
Common stock value	$ 0	$ 0