fomi: the income statement

MyFinsight

For the quarter ending 2024-10-31, FOMI made $87,281 in revenue. -$1,333,633 in net income. Net profit margin of -1527.98%.

Unit: Dollar

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