nvos: the income statement

MyFinsight

For the year ending 2024-08-31, NVOS made $13,294,357 in revenue. -$16,166,744 in net income. Net profit margin of -121.61%.

Unit: Dollar

Income Statement	2024-08-31
Sales	13,294,357
Cost of revenues	7,551,853
Gross profit	5,742,504
Goodwill impairment charge	1,001,333
Impairment of assets	761,067
General and administrative expenses	14,039,265
Selling expenses	17,137
Operating expenses	15,818,802
Income (loss) from operations	-10,076,298
Foreign currency transaction losses	-1,589,088
Debt amortized discount	6,574,862
Change in fair value of derivative liability	3,594,171
Other (expense) income	-1,032,620
Interest expense, debt, excluding amortization	652,398
Interest income	202,525
Nonoperating income (expense)	-6,052,272
Income (loss) from continuing operations before income taxes, noncontrolling interest	-16,128,570
Net loss	-16,128,570
Net loss attributed to noncontrolling interest	38,174
Net income (loss)	-16,166,744

Basic eps	-0.89
Diluted eps	-0.89
Basic average shares	18,032,015
Diluted average shares	18,032,015