Trump Media & Technology Group Corp.
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
Statements of Operations
| Three Month · Nine Month | |||||||
|---|---|---|---|---|---|---|---|
| Period Ended · Period Ended | |||||||
| (in thousands except share and per share data) · September 30, 2024 · September 30, 2023 · September 30, 2024 · September 30, 2023 | |||||||
| Net sales | $1,010.9 | $1,071.3 | $2,618.3 | $3,379.6 | |||
| Operating costs and expenses(1) | |||||||
| Cost of revenue | 123.3 | 41.3 | 252.9 | 123.8 | |||
| Research and development | 3,893.7 | 2,202.7 | 41,913.9 | 7,212.2 | |||
| Sales and marketing | 2,189.4 | 333.6 | 4,435.1 | 978.1 | |||
| General and administration | 17,697.0 | 1,509.0 | 95,910.7 | 5,666.7 | |||
| Depreciation and amortization | 762.2 | 14.7 | 771.5 | 47.6 | |||
| Total costs and operating expenses | 24,665.6 | 4,101.3 | 143,284.1 | 14,028.4 | |||
| Loss from operations | (23,654.7) | (3,030.0) | (140,665.8) | (10,648.8) | |||
| Interest income | 4,653.0 | - | 6,814.5 | - | |||
| Interest expense | (246.7) | (15,071.9) | (2,906.5) | (37,702.5) | |||
| Change in fair value of derivative liabilities | - | (7,931.2) | (225,916.0) | (660.2) | |||
| Loss on the conversion of convertible debt | - | - | (542.3) | - | |||
| Loss from operations before income taxes | (19,248.4) | (26,033.1) | (363,216.1) | (49,011.5) | |||
| Income tax expense | - | - | - | - | |||
| Net loss | $(19,248.4) | $(26,033.1) | $(363,216.1) | $(49,011.5) | |||
| Loss per Share attributable to common stockholders: | |||||||
| Basic | (0.10) | (0.30) | (2.37) | (0.56) | |||
| Diluted* | (0.10) | (0.30) | (2.37) | (0.56) | |||
| Weighted Average Shares used to compute net loss per share attributable to common stockholders: | |||||||
| Basic | 200,833,835 | 87,500,000 | 152,943,536 | 87,500,000 | |||
| Diluted | 200,833,835 | 87,500,000 | 152,943,536 | 87,500,000 | |||
| (1)Costs of operating expenses include stock-based compensation expense as follows: | |||||||
| Research and development | $ | - | $ | - | $30,142.5 | $ | - |
| General and administration | 45.7 | - | 54,491.2 | - | |||
| Total stock-based compensation expense | $45.7 | $ | - | $84,633.7 | $ | - | |
*Loss per share attributable to common stockholders for diluted calculation is based on the Basic weighted shares as these are not dilutive. The Basic and diluted loss per share attributable to common stockholders are therefore the same.
The Notes to Unaudited Condensed Consolidated Financial Statements are an integral part of these statements.
Condensed Consolidated Statements of Stockholders’
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