InvestorsHub Logo
icon url

lesgetrich

05/06/24 11:04 AM

#112674 RE: Master-of-Disaster #112673

Both companies reported revenue. Since BULT is majority owned by Bots, Bots can claim a share of the subsidiary's profit/loss/revenue equal to the percentage of its ownership of the subsidiary. So if BTZI owned 60% of BULT (I don't know what the actual percentage ownership is) and BULT reported $1,000,000 in revenue, BTZI would be able to report $600,000 as its share of revenue from the subsidiary.

It appears that virtually all of BTZI's revenue, at the moment, is coming via BULT. However, BTZI reported over $7 million in assets, presumably virtually all from Crypto investments in its last financial report.