For the quarter ending 2025-06-30.
| Income Statement | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|
| Deemed dividend for the reduction of exercise price of warrants | 0 | -2,999,964 | - | -51,130,572 |
| Deemed dividend for the reduction of the conversion price of a debt note | 0 | 0 | - | - |
| Provision for income taxes (benefit) | 0 | 0 | - | - |
| Revenues | 10,996,282 | 7,333,710 | 8,505,187 | 7,881,895 |
| Cost of revenues | 8,883,117 | 3,847,047 | 4,959,908 | 5,598,040 |
| Gross profit | 2,113,165 | 3,486,663 | 3,545,279 | 2,283,855 |
| Stock based compensation for services | 0 | 100,000 | - | 2,716,008 |
| Stock compensation | 0 | 0 | 20,709 | 20,833 |
| Advertising | 0 | - | - | - |
| Hauling and equipment maintenance | - | - | 1,785,388 | 1,774,273 |
| Payroll and related expenses | 2,557,530 | 1,974,485 | 2,273,985 | 1,705,823 |
| Rent, utilities and property maintenance (48,056 and 584,505 123,319 and 777,225 to related party, respectively) | 247,231 | 216,689 | 671,178 | 844,260 |
| Hauling and equipment maintenance | 827,027 | 1,273,857 | - | - |
| Depreciation and amortization expense | 2,154,969 | 2,119,243 | 1,926,173 | 1,652,232 |
| Consulting, accounting and legal | 176,529 | 423,563 | 246,034 | 1,621,874 |
| Advertising | - | 53,399 | 1,016 | - |
| Loss on disposal of fixed asset | 88,723 | - | - | - |
| Loss on asset | - | 39,535 | - | - |
| Other general and administrative expenses | 712,551 | 1,246,469 | 1,057,392 | 909,724 |
| Total operating expenses | 6,764,560 | 7,368,170 | 7,981,875 | 11,245,027 |
| Loss from operations | -4,651,395 | -3,881,507 | -4,436,596 | -8,961,172 |
| Equity issued for warrant inducement | 0 | 0 | - | - |
| Loss on extinguishment of debt | 0 | - | - | -16,351,827 |
| Gain on settlement of convertible notes payable and accrued interest, warrants and accounts payable in exchange for series y preferred shares | - | - | - | 1,056,962 |
| Change in fair value of derivative liabilities | 0 | - | - | 48,314,949 |
| Loss on conversion of convertible notes | 0 | 0 | - | -14,237,678 |
| Shares issued for financing | 0 | 0 | - | - |
| Interest expense and amortization of debt discount | 1,336,449 | 810,853 | 361,070 | 2,497,911 |
| Other income | 349 | - | - | - |
| Other income - related party | 56,100 | - | - | - |
| Other income | - | 26,621 | - | - |
| Gain on settlement of non-convertible notes payable and advances | 1,013,796 | - | - | - |
| Total other income (expense) | -266,204 | -784,232 | -361,070 | 16,284,495 |
| Net income (loss) before income taxes | -4,917,599 | -4,665,739 | -4,797,666 | 7,323,323 |
| Net income (loss) | -4,917,599 | -4,665,739 | -4,797,666 | 7,323,323 |
| Net loss available to common stockholders | -4,917,599 | -7,665,703 | -4,797,666 | -43,807,249 |
| Basic EPS | -8.98 | -17.85 | -0.26 | -8.383 |
| Diluted EPS | -8.98 | -17.85 | -0.26 | -8.43 |
| Basic Average Shares | 547,695 | 429,551 | 18,363,112 | -5,229,539 |
| Diluted Average Shares | 547,695 | 429,551 | 18,363,112 | 5,195,391 |
Greenwave Technology Solutions, Inc. (GWAV)
Greenwave Technology Solutions, Inc. (GWAV)