| Income Statement | 2025-08-31 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|
| Revenue | 3,236,305 | 2,565,048 | 1,804,020 | |
| Cost of goods sold | 1,234,132 | 1,524,272 | 970,608 | |
| Gross profit | 2,002,173 | 1,040,776 | 833,412 | |
| Depreciation and amortization expense | 7,497 | 19,206 | 19,522 | |
| General and administrative expenses | 725,472 | 379,217 | 353,808 | |
| Research and development expenses | 66,235 | 69,270 | 1,892 | |
| Sales and marketing expenses | 674,404 | 45,632 | 22,443 | |
| Total operating expenses | -1,473,608 | 513,325 | 397,665 | |
| Income (loss) from operations | 528,565 | 527,451 | 435,747 | |
| Provision for impairment of note receivable | 0 | - | -13,207 | |
| Interest income | 36,259 | - | 15,420 | |
| Other revenue/(expense) | 12,272 | - | 14,154 | |
| Interest expense | 40,274 | - | -47,085 | |
| Total non-operating income and expenses | 8,257 | -45,977 | -30,718 | |
| Income/(loss) before income taxes | 536,822 | 481,474 | 405,029 | |
| Current income taxes | -193,942 | - | 110,681 | |
| Deferred income taxes | 3,686 | - | 9,599 | |
| Net income/(loss) | 346,566 | - | 284,749 | |
| Basic | 0.03 | 0.03 | 0.02 | |
| Diluted | 0.03 | - | - | |
Medinotec Inc. (MDNC)
Medinotec Inc. (MDNC)