| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenues | 8,505,187 | 7,881,895 | ||
| Cost of revenues | 4,959,908 | 5,598,040 | ||
| Gross profit | 3,545,279 | 2,283,855 | ||
| Other general and administrative expenses | 1,057,392 | 909,724 | ||
| Stock based compensation | 20,709 | 20,833 | ||
| Stock based compensation for services | - | 2,716,008 | ||
| Net of legal fees | 246,034 | 1,621,874 | ||
| Depreciation and amortization expense | 1,926,173 | 1,652,232 | ||
| Hauling and equipment maintenance | 1,785,388 | 1,774,273 | ||
| Rent utilities and property maintenance | 671,178 | 844,260 | ||
| Payroll and related expense | 2,273,985 | 1,705,823 | ||
| Advertising expenses | 1,016 | - | ||
| Operating expenses | 7,981,875 | 11,245,027 | ||
| Operating income (loss) | -4,436,596 | -8,961,172 | ||
| Gain on settlement of convertible notes payable and accrued interest, warrants and accounts payable in exchange for series y preferred shares | - | 1,056,962 | ||
| Gain loss on conversion of convertible notes | - | -14,237,678 | ||
| Change in fair value of derivative liability | - | 48,314,949 | ||
| Loss on debt extinguishment | - | -16,351,827 | ||
| Interest expense, nonoperating | 361,070 | 2,497,911 | ||
| Nonoperating income (expense) | -361,070 | 16,284,495 | ||
| Income (loss) from continuing operations before income taxes, noncontrolling interest | -4,797,666 | 7,323,323 | ||
| Net loss | -4,797,666 | 7,323,323 | ||
| Deemed dividend for reduction of exercise price of warrants | - | -51,130,572 | ||
| Net income (loss) available to common stockholders, basic | -4,797,666 | -43,807,249 | ||
| Basic eps | -0.26 | -8.383 | ||
| Diluted eps | -0.26 | -8.43 | ||
| Basic average shares | 18,363,112 | -5,229,539 | ||
| Diluted average shares | 18,363,112 | 5,195,391 | ||
Greenwave Technology Solutions, Inc. (GWAV)
Greenwave Technology Solutions, Inc. (GWAV)