Hanryu Holdings Inc
For the period ended Dec 31, 2023. Filed Jul 16, 2024.
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FY2023 · Filed Jul 16, 2024
GITS$1.53-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
HANRYU HOLDINGS, INC. AND ITS SUBSIDIARIES
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Sales | $794,166 | $428,187 |
| Cost of Revenue | 68,592 | - |
| Gross profit | 725,574 | 428,187 |
| Operating cost and expenses | (11,253,419) | (5,849,712) |
| Loss from operations | (10,527,845) | (5,421,525) |
| OTHER INCOME (EXPENSE): | ||
| Gain on exemption of debt | — | 232,207 |
| Gain on disposal of subsidiary, net | 3,390,323 | — |
| Loss on sale of investments, net | — | (6,794) |
| Interest income (expense), net | 61,200 | (8,931) |
| Gain on foreign currency transactions | 129,908 | 650 |
| Bad-debt expense of other assets | (1,189,511) | — |
| Other expense, net | (56,058) | 302 |
| Net other income | 2,335,862 | 217,434 |
| Net Loss from continuing operations before taxes | (8,191,983) | (5,204,091) |
| Income tax expense | - | - |
| Net loss from continuing operations | (8,191,983) | (5,204,091) |
| Discontinued operations: | ||
| Loss from discontinued operations | (1,215,652) | (1,182,412) |
| Income tax benefit | - | - |
| Loss from discontinued operation | (1,215,652) | (1,182,412) |
| Net Loss | (9,407,635) | (6,386,503) |
| Less net loss attributable to non-controlling interest | (121,725) | (146,256) |
| Net Loss attributable to equity holders of the Company | (9,285,910) | (6,240,247) |
| Net Loss | (9,407,635) | (6,386,503) |
| Basic net loss per share: | ||
| Loss from continuing operations | (0.13) | (0.12) |
| Loss from discontinued operations | (0.02) | (0.02) |
| Total basic net loss per share | (0.15) | (0.14) |
| Diluted net loss per share | ||
| Loss from continuing operations | (0.13) | (0.12) |
| Loss from discontinued operations | (0.02) | (0.02) |
| Total diluted net loss per share | (0.15) | (0.14) |
| Weighted average number of common shares outstanding: | ||
| Basic and Diluted | 60,949,822 | 42,959,987 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.