hofv: the income statement

MyFinsight

For the quarter ending 2024-09-30, HOFV made $7,501,626 in revenue. -$4,686,330 in net income. Net profit margin of -62.47%.

Unit: Dollar

Income Statement	2024-09-30	2024-06-30
Revenues	7,501,626	4,699,669
Depreciation	4,202,042	4,181,191
Other general expense	1,847,014	1,708,961
Operating costs and expenses	8,604,054	7,199,196
Operating expenses	14,653,110	13,089,348
Operating income (loss)	-7,151,484	-8,389,679
Fair value adjustment of warrants	-16,000	1,000
Amortization of debt issuance costs and discounts	1,092,996	1,054,650
Interest expense, nonoperating	5,902,062	6,475,614
Income (loss) from equity method investments	-47,240	-65,778
Other nonoperating income	9,763,126	500,000
Gain (loss) on extinguishment of debt	-	-3,763
Gain (loss) on sale of assets and asset impairment charges	-5,674	1,502
Nonoperating income (expense)	2,731,154	-7,099,303
Net income (loss), including portion attributable to noncontrolling interest	-4,420,330	-15,488,982
Dividends, preferred stock	266,000	266,000
Net income (loss) available to common stockholders, basic	-4,686,330	-15,754,982

Basic eps	-0.72	-2.41
Diluted eps	-0.72	-2.41
Basic average shares	6,551,352	6,527,988
Diluted average shares	6,551,352	6,527,988