CV Sciences Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Product sales, net | $4,002 | $4,148 |
| Cost of goods sold | 2,149 | 2,366 |
| Gross profit | 1,853 | 1,782 |
| Operating expenses: | ||
| Research and development | 36 | 35 |
| Selling, general and administrative | 2,437 | 2,156 |
| Benefit from reversal of accrued payroll taxes (Note 12) | — | (6,171) |
| Total operating expenses | 2,473 | (3,980) |
| Operating income (loss) | (620) | 5,762 |
| Other expense, net | 2 | 56 |
| Income (loss) before income taxes | (622) | 5,706 |
| Income tax expense | 6 | — |
| Net income (loss) | $(628) | $5,706 |
| Weighted average common shares outstanding, basic and diluted | 163,075 | 152,104 |
| Net income (loss) per common share, basic and diluted | $(0.00) | $0.04 |
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