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Income Statement
OLB GROUP, INC. (OLB)
source: myfinsight.com
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Net loss applicable
to common...
-$2,899,314
(-8.22%↓ Y/Y)
Deemed dividend
preferred stock
$775,000
Net loss
-$2,124,314
(19.78%↑ Y/Y)
Net loss before
income taxes
-$2,124,314
(19.78%↑ Y/Y)
Digital Product Revenue
$35,737
Merchant Equipment
Rental And Sales
$4,563
Other Revenue From
Monthly Recurring...
$70,359
Revenue Net
Cryptocurrency Mining
$60,190
Transaction And Processing
Fees
$2,096,342
Total other income
(expense)
-$427,568
(-1198.45%↓ Y/Y)
Loss from operations
-$1,696,746
(35.12%↑ Y/Y)
Total revenue
$2,267,191
(-35.61%↓ Y/Y)
Loss on conversion
related party
$175,763
Loss on settlement of
accounts payable and debt
-$52,000
Interest expense
$169,805
(415.67%↑ Y/Y)
Loss on settlement of
law suit
-$30,000
Total operating
expenses
$3,963,937
(-35.40%↓ Y/Y)
Depreciation expense
cryptocurrency mining
$120,967
Processing and servicing
costs, excluding...
$1,964,314
(-33.92%↓ Y/Y)
General and
administrative expenses
$491,476
(-48.16%↓ Y/Y)
Professional fees
$334,566
(-40.77%↓ Y/Y)
Salaries and wages
$1,052,614
(52.73%↑ Y/Y)
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