For the quarter ending 2025-06-30.
| Income Statement | 2025-06-30 | 2025-03-31 | 2024-06-30 | |
|---|---|---|---|---|
| Revenue from sale of vehicles | - | 4,950,140 | 65,235 | |
| Other inventory costs and expenses | - | - | 9,786 | |
| Cost of goods sold | - | - | 26,222 | |
| Cost of revenues | - | 6,996,936 | 36,008 | |
| Gross loss | - | -2,046,796 | 29,227 | |
| Impairment of right-of-use assets | - | - | 30,060 | |
| Research and development | - | 10,364,113 | 14,292,744 | |
| Impairment of intangible assets | - | 12,006,452 | - | |
| General and administrative | - | 41,372,436 | 47,477,377 | |
| Loss from operations | - | -65,789,797 | -61,770,954 | |
| Us-gaap_interestexpensedebt | - | - | 8,277,802 | |
| Loss/(gain) on other warrants revaluation | - | - | -82,938 | |
| Other financing costs - initial recognition of warrants | - | - | 13,652,762 | |
| Other financing costs - initial recognition of derivative liabilities | - | - | 4,261,718 | |
| Other income, net | - | 64,986 | 829,056 | |
| Gain/(loss) on disposal of fixed assets | - | - | -103,973 | |
| Interest expense | - | 7,526,542 | - | |
| Derivative, gain (loss) on derivative, net | - | 98,247,063 | 2,218,148 | |
| Gain/(loss) on extinguishment of debt | - | - | -690,346 | |
| Loss on exchange of warrants | - | -57,770,454 | - | |
| Other financing costs - eloc commitment fee | - | - | 6,000,000 | |
| Other financing costs - initial recognition of warrants | - | 21,105,570 | - | |
| Total other income (expense) | - | 11,909,483 | -29,856,459 | |
| Net loss before income tax benefit | - | -53,880,314 | -91,627,413 | |
| Income tax benefit/ (provision) | - | 600 | 1,200 | |
| Net loss | - | -53,880,914 | -91,628,613 | |
| Changes due to net losses of the subsidiary | - | -6,805,023 | -4,267,796 | |
| Net loss attributable to common stockholders | -129,724,816 | -47,075,891 | -87,360,817 | |
| Less fair value of common stock issued to avoid fractional shares on reverse stock split (see note 1 - description of business and basis of presentation) | -71,982 | - | - | |
| Less financial result from exchange of series c p/s for series e p/s | 0 | - | - | |
| Waived/(accrued) accumulated preferred dividends and other capital transactions with preferred stockholders | - | 25,310 | 8,627,095 | |
| Less preferred stock dividends accrued | 26,785 | - | - | |
| Net loss used in computing basic net loss per share of common stock | -129,823,583 | -47,101,201 | -95,987,912 | |
| Diluted eps | - | - | -7.91 | |
| Diluted average shares | - | - | 12,134,899 | |
| Net loss per share (in dollars per share) | -11,231.39 | -489.24 | -7.91 | |
| Weighted average shares outstanding, basic and diluted (in shares) | 11,559 | 96,275 | 12,134,899 | |
BOLLINGER INNOVATIONS, INC. (MULN)
BOLLINGER INNOVATIONS, INC. (MULN)