For the quarter ending 2024-06-30, JEWL made $179,774 in revenue. -$2,194,776 in net income. Net profit margin of -1220.85%.
| Income Statement | 2024-06-30 | 2024-03-31 |
|---|---|---|
| Diamond sales | 179,774 | 11,468 |
| Cost of revenues | 161,273 | 13,710 |
| Gross profit | 18,501 | -2,242 |
| Depreciation and amortization | 29,771 | 29,771 |
| Employee salaries and related expenses | 391,396 | 1,691,454 |
| Selling, general and administrative | 1,523,258 | 2,000,422 |
| Operating expenses default label | 1,944,425 | 3,721,647 |
| Operating income (loss) | -1,925,924 | -3,723,889 |
| Change in fair value of derivative liability | -427,626 | - |
| Finance costs | 571,680 | - |
| Interest expense | 179,182 | - |
| Gain (loss) on termination of lease | 54,384 | - |
| Other expenses | 268,852 | 1,178,657 |
| Income (loss) from continuing operations before income taxes, noncontrolling interest | -2,194,776 | -4,902,546 |
| Net loss | -2,194,776 | -4,902,546 |
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