For the quarter ending 2025-09-30, MITI made $3,000 in revenue. -$3,220,952 in net income. Net profit margin of -107365.07%.
| Income Statement | 2025-09-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 3,000 | 17,000 | -550* | 23,500 |
| Cost of operations | 19,902 | 5,282 | -10,484* | 8,802 |
| General and administrative | 993,420 | 278,704 | 339,296.5* | 230,940 |
| Software development | 1,100 | - | - | - |
| Total operating expenses | 1,014,422 | 283,986 | 328,812.5* | 239,742 |
| Net loss from operations | -1,011,422 | -266,986 | -329,362.5* | -216,242 |
| Interest expense-Nonrelated Party | 386,699 | - | - | - |
| Gain (loss) on extinguishment of debt | - | - | - | 693,768 |
| Interest expense-Related Party | 0 | - | - | - |
| Gain on termination of operating lease | 0 | - | - | 636,485 |
| Gain on conversion of notes into common stock | - | - | 128,991* | - |
| Gain on settlement of notes payable | 0 | - | - | - |
| Gain on settlement of accounts payable | 0 | - | 572,320.75* | - |
| Interest expense | - | 394,346 | 109,554.75* | - |
| Interest expense, operating and nonoperating | - | - | - | 50,979 |
| Loss on legal settlement | -500,000 | - | - | - |
| Gain on settlement of operating leases | - | - | 217,422.5* | - |
| Loss on revaluation of series a preferred | -387,638 | -250,977 | - | 1,024,583 |
| Gain on revaluation of derivative liabilities | -917,212 | 4,362,645 | -4,882,121* | - |
| Total other income (expense) | -2,191,549 | 3,717,322 | -4,072,941.5* | 2,293,270 |
| Income before provision for income taxes | - | 3,450,336 | -4,402,304* | - |
| Provision for income taxes | - | 0 | 0* | - |
| Net loss from continuing operations | - | - | -4,402,304 | 2,077,028 |
| Net income (loss) | -3,202,971 | 3,450,336 | -4,402,304* | 2,077,028 |
| Preferred stock dividends | - | 12,702 | 542,059* | 18,637 |
| Preferred stock dividends-Nonrelated Party | 17,981 | - | - | - |
| Deemed contribution | - | - | -175,855* | - |
| Preferred stock dividends-Related Party | 0 | - | - | - |
| Net income (loss) available to common shareholders | -3,220,952 | 3,437,634 | -4,768,508 | 2,053,503 |
| Basic EPS | -0.27 | 0.35 | -0.592 | 0.32 |
| Diluted EPS | -0.27 | -0.08 | -0.736 | 0.29 |
| Basic Average Shares | 12,097,157 | 9,772,319 | 8,049,743 | 6,348,878 |
| Diluted Average Shares | 12,097,157 | 11,985,026 | 6,483,097 | 6,984,629 |
Mitesco, Inc. (MITI)
Mitesco, Inc. (MITI)