$AZI
Autozi Internet Technology (Global) Ltd.
CIK:0001959726|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| Cash flows from operating activities: | |||
| Net loss | $ (16,573) | $ (11,106) | $ (10,549) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Share-based compensation | 9,401 | ||
| Compensation and expenses for issuing convertible notes | 2,209 | ||
| Provision of expected credit losses | 1,726 | 837 | 2,452 |
| Fair value changes on convertible notes | 948 | ||
| Amortization of operating lease right-of-use assets | 224 | 216 | 171 |
| Depreciation and amortization | 125 | 91 | 229 |
| Losses from disposal of property, equipment and software | 5 | ||
| Inventory write-downs | 49 | ||
| Litigation related income | (4,321) | ||
| Gain on deconsolidation of subsidiaries | (759) | (78) | |
| (Gain)/loss on lease early termination | 15 | (29) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 242 | (353) | 320 |
| Advance to suppliers | (281) | 4,975 | 5,244 |
| Inventories | 2,940 | (2,285) | (202) |
| Amounts due from related parties | (72) | 169 | (154) |
| Prepayments and other current asset | 3,397 | (9,640) | (533) |
| Accounts payable | (307) | 1,388 | (1,078) |
| Deferred revenues | (4,816) | (2,651) | (4,081) |
| Accrued expenses and other current liabilities | 584 | 7,592 | 630 |
| Payable to redeemable non-controlling interests | 1,102 | 329 | |
| Operating lease liabilities | (208) | (197) | (97) |
| Amounts due to related parties | 847 | (177) | 67 |
| Net cash used in operating activities | (4,674) | (10,068) | (7,281) |
| Cash flows from investing activities: | |||
| Purchase of property, equipment and software | (61) | ||
| Proceed from disposal of property and equipment | 2 | ||
| Loans to related parties | (41) | (117) | (82) |
| Collection of loans to related parties | 70 | 217 | |
| Deconsolidation and disposal of subsidiaries, net of cash proceeds | (3) | ||
| Net cash provided by/(used in) investing activities | (44) | (108) | 137 |
| Cash flows from financing activities: | |||
| Proceeds from borrowings from third parties | 11,526 | 10,349 | 8,490 |
| Repayments of borrowings to third parties | (10,530) | (8,242) | (8,656) |
| Payment for deferred offering cost | (377) | (1,123) | |
| Proceeds from borrowings from related parties | 608 | 1,566 | 2,375 |
| Repayment of borrowings to related parties | (1,455) | (1,146) | (2,683) |
| Proceeds from capital contribution | 8,846 | ||
| Capital reduction of non-controlling interest | (704) | ||
| Issuance of ordinary shares upon IPO, net of issuance costs | 9,029 | ||
| Proceeds from issuance of convertible notes to a third party, net of issuance cost | 2,343 | ||
| Net cash provided by financing activities | 2,492 | 10,475 | 7,249 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 21 | 54 | (56) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash: | (2,205) | 353 | 49 |
| Cash, cash equivalents and restricted cash at the beginning of period | 2,473 | 2,120 | 2,071 |
| Cash, cash equivalents and restricted cash at the end of the period | 268 | 2,473 | 2,120 |
| Supplemental disclosure of cash flow information: | |||
| Income tax paid | 3 | ||
| Interest paid | 528 | 394 | 606 |
| Supplemental schedule of non-cash activities: | |||
| Attribution of net loss to subsidiary’s mezzanine equity | (153) | (162) | |
| Accretion of mezzanine equity to redemption value | 10,300 | 11,587 | |
| Debt offset between related parties (Note 20) | 153 | ||
| Conversion of redeemable principal interests into ordinary shares upon IPO | 131,308 | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | 92 | 453 | |
| Settlement of payable to redeemable non-controlling interests | 16,000 | ||
| Conversion of convertible note to equity | $ 315 | ||
Consolidated Balance Sheets - USD ($) $ in Thousands |
Sep. 30, 2025 |
Sep. 30, 2024 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 268 | $ 1,972 | ||
| Restricted cash | 501 | |||
| Accounts receivable, net | 129 | 417 | ||
| Advance to suppliers, net | 6,755 | 6,513 | ||
| Inventories | 254 | 3,270 | ||
| Prepayments and other current assets, net | 4,206 | 8,120 | ||
| Amounts due from related parties, net | 10 | 294 | ||
| Total current assets | 11,622 | 21,087 | ||
| Non-current assets | ||||
| Property, equipment and software, net | 287 | 427 | ||
| Operating lease right-of-use assets | 89 | 343 | ||
| Total non-current assets | 376 | 770 | ||
| TOTAL ASSETS | 11,998 | 21,857 | ||
| Current liabilities | ||||
| Accrued expenses and other current liabilities | 13,908 | 17,189 | ||
| Accounts payable | 2,517 | 2,868 | ||
| Deferred revenues | 1,566 | 6,545 | ||
| Lease liabilities, current | 301 | 530 | ||
| Convertible bonds and notes | 9,468 | 4,346 | ||
| Short-term borrowings | 9,021 | 8,131 | ||
| Payable to redeemable non-controlling interests | 16,616 | |||
| Total current liabilities | 37,533 | 56,992 | ||
| Non-current liabilities | ||||
| Lease liabilities, non-current | 36 | 42 | ||
| Total non-current liabilities | 36 | 42 | ||
| TOTAL LIABILITIES | 37,569 | 57,034 | ||
| Commitments and contingencies (Note 23) | ||||
| Shareholders’ deficit | ||||
| Additional paid-in capital | 94,554 | 84,824 | ||
| Accumulated deficit | (146,040) | (129,532) | ||
| Accumulated other comprehensive income | 11,495 | 10,967 | ||
| Total AUTOZI’s shareholders’ deficit | (39,991) | (33,741) | ||
| Non-controlling interests | 14,420 | (1,436) | ||
| Total shareholders’ deficit | (25,571) | (35,177) | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | 11,998 | 21,857 | ||
| Common Class A [Member] | ||||
| Shareholders’ deficit | ||||
| Ordinary shares, value | [1] | |||
| Common Class B [Member] | ||||
| Shareholders’ deficit | ||||
| Ordinary shares, value | [1] | |||
| Related Party [Member] | ||||
| Current assets | ||||
| Amounts due from related parties, net | 10 | 294 | ||
| Current liabilities | ||||
| Amounts due to related parties | $ 752 | $ 767 | ||
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