Beyond Commerce Inc (BYOC)

[pennystock_es]

Net loss for the year ended December 31, 2020 was $10.5 million, an increase of $5.1 million or 93%, compared to a net loss of $5.5 million for the year ended December 31, 2019. Of note, the Company reported non-operating expense of $8.4 million for the year ended December 31, 2020, an increase of $5.2 million compared to $3.2 million for the year ended December 31, 2019 mainly attributable to the changes in the derivative liability and debt fees associated with our convertible notes, along with an increase in interest expense of $1.2 million due to the increase in debt level and default interest rates the Company is currently paying.