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Income Statement
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Cash Flow
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Balance Sheet
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Ratios
Income Overview
Revenue
$87,281
Net Income
-$1,333,633
Net Profit Margin
-1527.98%
EPS
-$0.01
Unit: Dollar
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Page 1
Quarterly
123
Page 1
Income Statement
2024-10-31
2024-07-31
Mineral property and royalty revenues
87,281
36,139
Stock compensation
306,000
-
Professional fees
375,483
365,775
General and administrative
341,869
288,740
Depletion expense
35,065
18,251
Consulting fees
24,375
56,035
Total operating expenses
1,082,792
728,801
Net operating loss
-995,511
-692,662
Interest expense
7,958
35,050
Finance charges
-
26,817
Gain (loss) on extinguishment of debt
-
1,043,542
Amortization of debt discount
13,100
-
Total other income (expenses)
-21,058
981,675
Net loss
-1,016,569
289,013
Series c preferred stock dividends
317,064
24,243
Net loss to common shareholders
-1,333,633
264,770
Basic EPS
-0.01
0.003
Diluted EPS
-0.01
0.003
Basic Average Shares
99,855,954
84,036,256
Diluted Average Shares
99,855,954
84,036,256
Page 1
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Page 1
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Time Plot
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Income Statement
Net loss to common
shareholders
-$1,333,633
Net loss
-$1,016,569
Series c preferred
stock dividends
$317,064
Net operating loss
-$995,511
Total other income
(expenses)
-$21,058
Mineral property and
royalty revenues
$87,281
Total operating
expenses
$1,082,792
Amortization of debt discount
$13,100
Interest expense
$7,958
Professional fees
$375,483
General and
administrative
$341,869
Stock compensation
$306,000
Depletion expense
$35,065
Consulting fees
$24,375
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FORMATION MINERALS, INC. (FOMI)
FORMATION MINERALS, INC. (FOMI)