mgti: the income statement

MyFinsight

For the quarter ending 2024-06-30, MGTI made $88K in revenue. $5,272K in net income. Net profit margin of 5990.91%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-06-30
Total revenue	88
Cost of revenue	104
General and administrative	319
Total operating expenses	423
Operating loss	-335
Interest expense	27
Gain on settlement of debt	41
Change in fair value of derivative liability	2,281
Change in fair value of warrant derivative liability	3,420
Accretion of debt discount	108
Total non-operating income (expense)	5,607
Net income (loss)	5,272

Basic net income (loss) per share	0.01
Diluted net income (loss) per share	0.01
Weighted average number of common shares outstanding, basic	1,020,962,112
Weighted average number of common shares outstanding, diluted	1,020,962,112

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2024-06-30
Total revenue	88
Cost of revenue	104
General and administrative	319
Total operating expenses	423
Operating loss	-335
Interest expense	27
Gain on settlement of debt	41
Change in fair value of derivative liability	2,281
Change in fair value of warrant derivative liability	3,420
Accretion of debt discount	108
Total non-operating income (expense)	5,607
Net income (loss)	5,272

Basic net income (loss) per share	0.01
Diluted net income (loss) per share	0.01
Weighted average number of common shares outstanding, basic	1,020,962,112
Weighted average number of common shares outstanding, diluted	1,020,962,112

mgti: the income statement