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Midas Edge

INNOVATIVE FOOD HOLDINGS INC

For the period ended Mar 31, 2025. Filed May 15, 2025.

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About this filing

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 15, 2025

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Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 1. Consolidated Statements of Operations

Consolidated Statements of Operations

For the Three · For the Three
Months Ended · Months Ended
March 31, · March 31,
2025 · 2024
Revenue$19,548,566$15,518,153
Cost of goods sold15,062,75911,713,219
Gross margin4,485,8073,804,934
Selling, general and administrative expenses4,708,9773,978,840
Total operating expenses4,708,9773,978,840
Operating income (loss)(223,170)(173,906)
Other income (expense:)
Interest expense, net(209,166)(215,450)
Gain on sale of assets-1,807,516
Gain (loss) on sale of subsidiary-21,126
Other leasing income1,9001,900
Total other income (expense)(207,266)1,615,092
Net income (loss) before taxes(430,436)1,441,186
Income tax expense--
Net income (loss) from continuing operations$(430,436)$1,441,186
Net income (loss) from discontinued operations$-$(15,312)
Consolidated net income (loss)$(430,436)$1,425,874
Net income (loss) per share from continuing operations - basic$(0.008)$0.029
Net income (loss) per share from continuing operations - diluted$(0.008)$0.028
Net (loss) per share from discontinued operations - basic$-$(0.00)
Net (loss) per share from discontinued operations - diluted$-$(0.00)
Weighted average shares outstanding - basic53,962,27349,707,036
Weighted average shares outstanding - diluted53,962,27350,603,891
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.