cmgr: the income statement

MyFinsight

For the quarter ending 2024-06-30, CMGR made $417,403 in revenue. -$466,607 in net income. Net profit margin of -111.79%.

Unit: Dollar

Income Statement	2024-06-30
Total revenue, net	417,403
Cost of sales	315,079
Gross profit	102,324
Professional and consultant fees	10,095
Salary and wages	230,712
Selling, general, and administrative	110,201
Advertising expenses	1,196
Operating expenses	352,204
Operating income (loss)	-249,880
Gain (loss) on derivative liability	56,279
Gain related to debt activities	-71,772
Interest expense, net	114,920
Nonoperating income (expense)	-130,413
Income (loss) from continuing operations before income taxes, noncontrolling interest	-380,293
Net income (loss) from continuing operations	-380,293
Income loss from discontinued operations excluding noncontrolling interest	-86,314
Profit loss	-466,607

Basic eps	0
Diluted eps	0
Basic average shares	16,372,179,486
Diluted average shares	16,372,179,486