| Income Statement | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Deemed dividend for the reduction of the conversion price of a debt note | 0 | - | - | |
| Deemed dividend for the reduction of exercise price of warrants | -2,999,964 | - | -51,130,572 | |
| Provision for income taxes (benefit) | 0 | - | - | |
| Revenues | 7,333,710 | 8,505,187 | 7,881,895 | |
| Cost of revenues | 3,847,047 | 4,959,908 | 5,598,040 | |
| Gross profit | 3,486,663 | 3,545,279 | 2,283,855 | |
| Stock compensation | 0 | 20,709 | 20,833 | |
| Hauling and equipment maintenance | - | 1,785,388 | 1,774,273 | |
| Payroll and related expense | 1,974,485 | 2,273,985 | 1,705,823 | |
| Rent, utilities and property maintenance (75,622 and 192,720, respectively, to related-party) | 216,689 | 671,178 | 844,260 | |
| Hauling and equipment maintenance | 1,273,857 | - | - | |
| Depreciation and amortization expense | 2,119,243 | 1,926,173 | 1,652,232 | |
| Consulting, accounting and legal | 423,563 | 246,034 | 1,621,874 | |
| Other general and administrative expenses | 1,246,469 | 1,057,392 | 909,724 | |
| Stock based compensation for services | 100,000 | - | 2,716,008 | |
| Advertising | 53,399 | 1,016 | - | |
| Loss on asset | 39,535 | - | - | |
| Total operating expenses | 7,368,170 | 7,981,875 | 11,245,027 | |
| Loss from operations | -3,881,507 | -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 on conversion of convertible notes | 0 | - | -14,237,678 | |
| Change in fair value of derivative liability | - | - | 48,314,949 | |
| Equity issued for warrant inducement | 0 | - | - | |
| Loss on debt extinguishment | - | - | -16,351,827 | |
| Shares issued for financing | 0 | - | - | |
| Interest expense and amortization of debt discount | 810,853 | 361,070 | 2,497,911 | |
| Other income | 26,621 | - | - | |
| Total other expense | -784,232 | -361,070 | 16,284,495 | |
| Net loss before income taxes | -4,665,739 | -4,797,666 | 7,323,323 | |
| Net loss | -4,665,739 | -4,797,666 | 7,323,323 | |
| Net loss available to common stockholders | -7,665,703 | -4,797,666 | -43,807,249 | |
| Basic | -17.85 | -0.26 | -8.383 | |
| Basic | 429,551 | 18,363,112 | -5,229,539 | |
| Diluted | -17.85 | -0.26 | -8.43 | |
| Diluted | 429,551 | 18,363,112 | 5,195,391 | |
Greenwave Technology Solutions, Inc. (GWAV)
Greenwave Technology Solutions, Inc. (GWAV)