fvti: the income statement

MyFinsight

For the quarter ending 2024-06-30, FVTI made $247,061 in revenue. -$729,476 in net income. Net profit margin of -295.26%.

Unit: Dollar

Income Statement	2024-06-30
Total	247,061
Cost of revenues from related parties	202,785
Gross profit	44,276
General and administrative expenses	804,228
Selling and distribution expenses	12,198
Operating income (loss)	-772,150
Interest expense, nonoperating	7,699
Interest income	3
Other income	2,213
Nonoperating income (expense)	-5,483
Income (loss) from continuing operations before income taxes, noncontrolling interest	-777,633
Total	90
Net income (loss)	-777,723
Less: net loss attributable to noncontrolling interests	-48,247
Net income (loss) attributable to parent	-729,476

Basic eps	-0.05
Diluted eps	-0.05
Basic average shares	15,655,038
Diluted average shares	15,655,038