DatChat Inc
For the period ended Dec 31, 2023. Filed Mar 29, 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 29, 2024
MYSE$1.27+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| NET REVENUES | $672 | $46,214 |
| OPERATING EXPENSES: | ||
| Compensation and related expenses | 4,760,180 | 6,551,776 |
| Marketing and advertising expenses | 388,444 | 828,736 |
| Professional and consulting expenses | 1,324,640 | 2,285,312 |
| Research and development expense | 1,351,415 | 514,957 |
| General and administrative expenses | 892,972 | 991,882 |
| Impairment loss on property and equipment and intangible asset | 43,671 | 981,000 |
| Impairment loss on digital currencies and other digital assets | 23,381 | 119,276 |
| Total operating expenses | 8,784,703 | 12,272,939 |
| LOSS FROM OPERATIONS | (8,784,031) | (12,226,725) |
| OTHER INCOME (EXPENSES): | ||
| Interest income, net | 9,281 | 12,305 |
| Gain on initial consolidation of variable interest entities | 42,737 | - |
| Foreign currency loss | (102) | - |
| Realized gain on short-term investments | 327,145 | 28,176 |
| Unrealized gain (loss) on short-term investments | - | 47,672 |
| Total other income (expenses), net | 379,061 | 88,153 |
| NET LOSS | $(8,404,970) | $(12,138,572) |
| COMPREHENSIVE LOSS: | ||
| Net loss | $(8,404,970) | $(12,138,572) |
| Other comprehensive (loss) gain: | ||
| Unrealized (loss) gain on short-term investments | 47,518 | - |
| Unrealized foreign currency translation loss | (12,965) | - |
| Comprehensive loss | $(8,370,417) | $(12,138,572) |
| NET LOSS PER COMMON SHARE: | ||
| Basic and diluted | $(4.14) | $(6.04) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||
| Basic and diluted | 2,028,584 | 2,010,427 |
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