Borealis Foods Inc.
For the period ended Mar 31, 2025. Filed May 20, 2025.
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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.
Mar 31, 2025 · Filed May 20, 2025
BRLS$0.95-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| For Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Gross sales | 7,224,957 | 8,484,021 |
| Sales discounts & allowances | (379,287) | (588,588) |
| Revenue, net | 6,845,670 | 7,895,433 |
| Cost of goods sold | 5,465,314 | 6,648,272 |
| Depreciation and amortization | 480,554 | 1,004,588 |
| Total cost of goods sold | 5,945,868 | 7,652,860 |
| Gross profit | 899,802 | 242,573 |
| Total sales, general & administrative expenses | 3,816,920 | 7,215,588 |
| Loss from operations | (2,917,118) | (6,973,015) |
| Other (expense): | ||
| Loss on foreign exchange rates | (11,047) | - |
| Interest expense, net | (1,259,423) | (1,458,607) |
| Total other expense | (1,270,470) | (1,458,607) |
| Loss before income taxes | (4,187,588) | (8,431,622) |
| Net loss | (4,187,588) | (8,431,622) |
| Loss per share from net loss | ||
| Basic | $(0.20) | $(0.49) |
| Diluted | $(0.20) | $(0.49) |
| Weighted average shares outstanding | ||
| Basic | 21,379,347 | 17,079,576 |
| Diluted | 21,379,347 | 17,079,576 |
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