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Income Statement
OLB GROUP, INC. (OLB)
source: myfinsight.com
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Net loss applicableto 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 beforeincome taxes-$2,124,314 (19.78%↑ Y/Y)Digital Product Revenue$35,737 Merchant EquipmentRental And Sales$4,563 Other Revenue FromMonthly Recurring...$70,359 Revenue NetCryptocurrency Mining$60,190 Transaction And ProcessingFees$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 conversionrelated party$175,763 Loss on settlement ofaccounts payable and debt-$52,000 Interest expense$169,805 (415.67%↑ Y/Y)Loss on settlement oflaw suit-$30,000 Total operatingexpenses$3,963,937 (-35.40%↓ Y/Y)Depreciation expense cryptocurrency mining$120,967 Processing and servicingcosts, excluding...$1,964,314 (-33.92%↓ Y/Y)General andadministrative 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)