SRAX Inc-A 2025年季度报告

FORM10-Q (Mark one) ☒Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period EndedMarch 31,2023 or ☐Transition Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number001-37916 SRAX, Inc.(Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☐Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☐Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☐ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒No As of March 6, 2025, there were29,150,262shares of Class A common stock were issued and outstanding. SRAX, Inc. Table of Contents Page #PART I - FINANCIAL INFORMATION4Item 1.Financial Statements4Consolidated Balance Sheets as of March 31, 2023 (unaudited) and December 31, 20225Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 (unaudited)6Consolidated Statements of Changes in Stockholders’ Equity for the Fiscal Quarters ended March 31, 2023 and2022 (unaudited)7Consolidated Statements of Cash Flows for the three months ended March 31, 2023 and 2022 (unaudited)8Notes to Consolidated Financial Statements (unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations84Item 3.Quantitative and Qualitative Disclosures about Market Risk95Item 4.Controls and Procedures95PART II - OTHER INFORMATION97Item 1.Legal Proceedings97Item 2.Unregistered Sales of Equity Securities and Use of Proceeds97Item 3.Defaults Upon Senior Securities98Item 4.Mine Safety Disclosure98Item 5.Other Information98Item 6.Exhibits992 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are considered to be “forward-lookingstatements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities ExchangeAct of 1934, as amended (the “Exchange Act”). These forward-looking statements include, but are not limited to: any projections ofrevenues, earnings, or other financial items; any statements of the strategies, plans and objectives of management for future operations;any statements concerning proposed new products or developments; any statements regarding future economic conditions orperformance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-lookingstatements may include the words “may,” “will,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” and any othersimilar words. These statements represent our expectations, beliefs, anticipations, commitments, intentions, and strategies regardingthe future and include, but are not limited to, the risks and uncertainties described in the sections of this Quarterly Report entitled RiskFactors and Management’s Discussion and Analysis of Financial Condition and Results of Operations and those discussed in otherdocuments we file with the United States Securities and Exchange Commission (“SEC”). Readers are cautioned that actual resultscould differ materially from anticipated results or other expectations that are expressed in forward-looking statements within thisreport. The forward-looking statements included in this report speak only as of the date hereof, and we undertake no obligation topublicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except asrequired by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-lookingstatements. We urge you to read this entire Quarterly Re