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Friday, 12/20/2024 1:26:57 PM

Friday, December 20, 2024 1:26:57 PM

Post# of 47462
Page 35: Net loss

We incurred a net loss of $1,637,434 for the three months ended June 30, 2024, compared to a net profit of $229,088 for the three months ended June 30, 2023. Our net loss was due to intangibles impairment, higher compensation, increased interest expense, and a greater loss due to issuances of securities having embedded derivatives.

Compensation

We had $2,057,472 in compensation for the six months ended June 30, 2024 compared to $211,892 of compensation for the six months ended June 30, 2023. Stock compensation expense was $0 and $52,500 for the six months ended June 30, 2024 and 2023, respectively.

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