shmp: the income statement

MyFinsight

For the quarter ending 2024-06-30, SHMP made $36,618 in revenue. -$2,925,945 in net income. Net profit margin of -7990.46%.

Unit: Dollar

Income Statement	2024-06-30
Sales	36,618
Cost of sales	34,732
Gross profit	1,886
Amortization	367,500
Depreciation expense	434,908
Facility operations	158,535
General and administrative	1,104,485
Operating expenses	2,065,428
Operating income (loss)	-2,063,542
(loss) gain on sale of machinery and equipment	-10,357
Change in fair value of restructed debt	-720,000
Change in fair value of warrant liability	5,000
Interest expense, nonoperating	3,899
Nonoperating income (expense)	-739,006
Income (loss) from continuing operations before income taxes, noncontrolling interest	-2,802,548
Net loss	-2,802,548
Dividends	75,097
Accretiononpreferredshares	48,300
Net income (loss) available to common stockholders, basic	-2,925,945

Basic eps	0
Diluted eps	0
Basic average shares	1,167,281,937
Diluted average shares	1,167,281,937