CV Sciences, Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Product sales, net | $3,606 | $4,002 |
| Cost of goods sold | 1,948 | 2,149 |
| Gross profit | 1,658 | 1,853 |
| Operating expenses: | ||
| Research and development | 30 | 36 |
| Selling, general and administrative | 2,139 | 2,437 |
| Benefit from reversal of accrued payroll taxes (Note 12) | (522) | — |
| Total operating expenses | 1,647 | 2,473 |
| Operating income (loss) | 11 | (620) |
| Gain on extinguishment of debt | (38) | — |
| Other expense, net | 151 | 2 |
| Loss before income taxes | (102) | (622) |
| Income tax expense | 7 | 6 |
| Net loss | $(109) | $(628) |
| Weighted average common shares outstanding, basic and diluted | 184,264 | 163,075 |
| Net loss per common share, basic and diluted | $(0.00) | $(0.00) |
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