Annual
Quarterly
Export
| Income Statement (USD) | Trend | YoY % | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Net Revenue | |||||||
| Total net revenue |  |
-71.8% | 946,563 | 3,355,961 | 15,499,495 | 39,864,621 | — |
| Cost of Revenue | |||||||
| Cost of revenue |  |
-78.9% | 233,581 | 1,105,879 | — | 6,943,038 | 235,645 |
| Total cost of sales |  |
-78.9% | 233,581 | 1,105,879 | 4,672,408 | 13,464,631 | 274,403 |
| Gross profit |  |
-68.3% | 712,982 | 2,250,082 | 10,827,087 | 26,399,990 | 64,777 |
| Operating expenses | |||||||
| General and administrative |  |
43.4% | 1,559,242 | 1,087,459 | 2,826,652 | 1,938,340 | — |
| Advertising and marketing |  |
-72.7% | 544,777 | 1,997,123 | 9,944,457 | 33,703,591 | — |
| Salaries and compensation |  |
-23.1% | 2,215,221 | 2,879,870 | 2,880,398 | — | — |
| Stock compensation expense |  |
3161.9% | 5,498,021 | 168,555 | 141,020 | 1,811,093 | — |
| Total operating expenses |  |
60.1% | 9,817,261 | 6,133,007 | 17,166,023 | 43,708,121 | 238,672 |
| Loss from operations |  |
-134.5% | (9,104,279) | (3,882,925) | (6,338,936) | (17,308,131) | (173,895) |
| Other income (expense) | |||||||
| Interest expense |  |
-86.2% | (954,668) | (512,619) | (897,287) | (348,017) | — |
| Other income (expense) |  |
245.4% | 36,186 | 10,477 | — | — | — |
| Gain (Loss) on debt settlement |  |
-16446.6% | (35,458,137) | 216,914 | (6,624,457) | — | — |
| Loss on settlement | — | (636,705) | — | — | — | — | |
| Gain on disposal of assets |  |
— | — | (26,035) | — | 28,397 | — |
| Total other income (expense), net |  |
-11499.7% | (37,013,324) | (319,088) | (7,534,688) | (261,864) | (75,460) |
| Loss before income tax provision |  |
-997.5% | (46,117,603) | (4,202,013) | (13,875,478) | (18,885,639) | (249,355) |
| Income tax provision |  |
— | — | 915 | — | 6,402 | — |
| Net loss | |
-997.3% | (46,117,603) | (4,202,928) | (13,873,624) | (18,892,041) | (249,355) |
| Deemed dividends during the period related to extinguishment of related party preferred stock C from mezzanine to equity | — | (26,931,904) | — | — | — | — | |
| Net loss allocable to common shareholders |  |
-356.5% | (19,185,699) | (4,202,928) | — | — | — |
| Earnings (Loss) Per Share | |||||||
| Net loss per common share - basic |  |
-48.2% | (1.23) | (0.83) | (3.51) | (5.12) | — |
| Net loss per common share - diluted | |
-48.2% | (1.23) | (0.83) | (3.51) | (5.12) | — |
| Weighted average number of common shares - basic |  |
204.2% | 15,415,997 | 5,068,134 | 3,957,486 | 3,692,740 | — |
| Weighted average number of common shares - diluted | |
204.2% | 15,415,997 | 5,068,134 | 3,957,486 | 3,692,740 | — |
| Calculated by the Company (Non-GAAP) | |||||||
| EBIT (Non-GAAP) |  |
-1124.1% | (45,162,935) | (3,689,394) | (12,978,191) | (18,537,622) | (249,355) |
| EBITDA (Non-GAAP) | |
-1124.9% | (45,162,615) | (3,687,002) | (12,973,741) | (18,531,936) | (226,580) |
Source: SEC EDGAR filings. Annual figures are from audited Form 10-K filings.
EBIT and EBITDA are non-GAAP financial measures calculated by the Company from XBRL data reported in its SEC filings. EBIT is income (loss) from continuing operations before income taxes plus interest expense; EBITDA is EBIT plus depreciation and amortization. These measures are not reported in, and have not been audited as part of, the Company's financial statements. They are not a substitute for, or superior to, measures prepared in accordance with U.S. GAAP, such as net income (loss), and other companies may calculate them differently.