Borealis Foods Inc.
For the period ended Mar 31, 2026. Filed Jun 30, 2026.
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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, 2026 · Filed Jun 30, 2026
BRLS$0.91-19.1%Stored close · as of Nov 6, 2026
Contents
Item 1. Unaudited Condensed Consolidated Statements of Operations
Unaudited Condensed Consolidated Statements of Operations
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Gross sales | $7,782,208 | $7,224,957 |
| Sales discounts & allowances | (414,425) | (379,287) |
| Revenue, net | 7,367,783 | 6,845,670 |
| Cost of goods sold | 6,142,848 | 5,465,314 |
| Depreciation and amortization | 386,044 | 480,554 |
| Total cost of goods sold | 6,528,892 | 5,945,868 |
| Gross profit | 838,891 | 899,802 |
| Total sales, general & administrative expenses | 2,900,040 | 3,816,920 |
| Loss from operations | (2,061,149) | (2,917,118) |
| Other income (expense): | ||
| Loss on foreign exchange rates | (1,143) | (11,047) |
| Interest expense | (1,450,126) | (1,259,423) |
| Total other expense | (1,451,269) | (1,270,470) |
| Loss before income taxes | (3,512,418) | (4,187,588) |
| Income tax expense | - | - |
| Net loss | $(3,512,418) | $(4,187,588) |
| Loss per share from net loss | ||
| Basic | $(0.16) | $(0.20) |
| Diluted | $(0.16) | $(0.20) |
| Weighted average shares outstanding | ||
| Basic | 21,428,650 | 21,379,347 |
| Diluted | 21,428,650 | 21,379,347 |
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Deficit) (Unaudited)
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