APPLIED ENERGETICS INC
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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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.
FY2023 · Filed Mar 26, 2024
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Consolidated Statements of Operations
| FOR THE YEARS ENDED DECEMBER 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | $2,631,443 | $1,307,757 |
| Cost of revenue | 637,697 | 305,675 |
| Gross profit | 1,993,746 | 1,002,082 |
| Operating expenses: | ||
| General and administrative | 8,771,901 | 6,129,781 |
| Selling and marketing | 384,231 | 321,384 |
| Research and development | 233,722 | 320,506 |
| Total operating expenses | 9,389,854 | 6,771,671 |
| Operating loss | (7,396,108) | (5,769,589) |
| Other income/(expense) | ||
| Other income | 45,673 | 1,674 |
| Interest expense | - | (3,727) |
| Total other income/(expense) | 45,673 | (2,053) |
| Loss before provision for income taxes | (7,350,435) | (5,771,642) |
| Provision for income taxes | - | - |
| Net loss | (7,350,435) | (5,771,642) |
| Preferred stock dividends | (34,005) | (34,005) |
| Net loss attributable to common stockholders | $(7,384,440) | $(5,805,647) |
| Net loss attributable to common stockholders per common share – basic and diluted | $(0.03) | $(0.03) |
| Weighted average number of common shares outstanding, basic and diluted | 211,084,080 | 208,128,246 |
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