iQSTEL Inc (IQST): They expensed the costs of these two acq...

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Re: theSauceman post# 51462

Friday, 05/17/2024 5:29:29 PM

Friday, May 17, 2024 5:29:29 PM

They expensed the costs of these two acquisitions in the first quarter. That is one reason they had a loss this quarter. No revenues were included from the two new companies. They will incur interest expense going forward for the borrowings, but this is typically a business expense of doing business. The loss they booked in this first quarter is an unordinary expense, not a recurring expense to the business, usually a one time event.

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