PMGC Holdings Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
ELAB$1.69+7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(Expressed in United States dollar)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Operating expenses | ||
| Depreciation | $546 | 554 |
| Marketing and promotion | 292,522 | 256,450 |
| Consulting fees | 1,367,273 | 279,767 |
| Office and administrative | 1,092,576 | 347,653 |
| Professional fees | 563,242 | 132,600 |
| Investor relations | 208,326 | 91,009 |
| Research and development | 104,654 | 7,410 |
| Foreign exchange (gain) loss | 5,846 | 6,130 |
| Travel and entertainment | 28,581 | 19,385 |
| Total operating expenses | $3,663,566 | 1,140,958 |
| Other income (expense) | ||
| Listing expense | - | (450,079) |
| Change in fair value of derivative liabilities | 369,158 | (71,266) |
| Interest income | 12,891 | 5,564 |
| Interest expense | (735,197) | - |
| Net loss from continuing operations | $(4,016,714) | (1,656,739) |
| Loss from discontinued operations (Note 4) | (2,229,023) | (2,644,778) |
| Total net loss | (6,245,737) | (4,301,517) |
| Other comprehensive income (loss) | ||
| Currency translation adjustment | (539) | 91 |
| Total comprehensive loss | $(6,246,276) | (4,301,426) |
| Basic and diluted loss per share: | ||
| Continuing operations | $(50.473) | (215.834) |
| Discontinued operations | $(28.009) | (344.552) |
| Weighted average shares outstanding(1) | 79,582 | 7,676 |
| (1) | Reflects retrospectively the 1-for-200 reverse stock split that became effective on November 27, 2024 and the subsequent 1-for-7 reverse stock split that became effective March 10, 2025. On a combined basis, this reflects retrospectively a reverse stock split of 1-for-1,400. Refer to Note 1, “Organization and nature of operations”” |
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