sing: the income statement

MyFinsight

SinglePoint Inc. (SING)

For the year ending 2024-12-31, SING made $20,283,064 in revenue. -$28,934,045 in net income. Net profit margin of -142.65%.

Unit: Dollar

	2024-12-31
Revenues	20,283,064
Cost of revenues	12,254,880
Inventory obsolescence	629,284
Gross profit	7,398,900
Legal and professional	4,029,381
Compensation	6,043,254
General and administrative	4,841,092
Depreciation and amortization	481,730
Impairment expense	9,960,512
Advertising	2,067,397
Total operating expenses	27,423,366
Loss from operations	-20,024,466
Other income (loss)	-134,376
Interest expense	514,029
Gain on settlement of liabilities	856,810
Financing costs	3,288,643
Change in fair value of derivative liability	3,368,539
Amortization of debt discount	2,913,510
Loss on settlement of warrants	542,000
Loss on settlement of liabilities	5,742,370
Loss on conversion of preferred stock to common	-
Total other income (expense)	-8,909,579
Net loss	-28,934,045
Loss attributable to non-controlling interests	-
Net loss attributable to singlepoint, inc. common stockholders	-28,934,045
Deemed dividends - class a convertible preferred stock	-
Net income (loss) attributable to singlepoint, inc	-28,934,045

Income (loss) per share - basic and diluted	-3.58
Loss per share basic	-3.58
Weighted average shares outstanding - basic and diluted	8,075,296
Weighted-average shares to compute basic earnings per share	8,075,296

Unit: Dollar