Midwest Energy Emissions Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
BCHT$1.14-0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the Year Ended December 31, 2023 | For the Year Ended December 31, 2022 | |
|---|---|---|
| Revenues | $17,940,370 | $21,620,153 |
| Cost of sales | 12,172,374 | 14,598,745 |
| Gross profit | 5,767,996 | 7,021,408 |
| Operating expenses: | ||
| Impairment loss | 219,707 | - |
| Selling, general and administrative expenses (related party of $554,410 and $300,000) | 14,206,761 | 6,117,421 |
| Total operating expenses | 14,426,468 | 6,117,421 |
| Operating (loss) income | (8,658,472) | 903,987 |
| Other income (expense) | ||
| Income from legal claims | 27,607,776 | - |
| Interest expense (related party of $1,360,623 and $1,570,446) | (1,362,401) | (1,570,446) |
| Loss on change in fair value of profit share | (11,209,677) | (801,517) |
| Loss on investment | - | (95,500) |
| Total other income (expense) | 15,035,698 | (2,467,463) |
| Income (loss) before provision for income taxes | 6,377,226 | (1,563,476) |
| Provision for income taxes | (473,213) | (18,000) |
| Net income (loss) | $5,904,013 | $(1,581,476) |
| Basic & Diluted income (loss) per share: | ||
| Basic net income (loss) per share | $0.06 | $(0.02) |
| Diluted net income (loss) per share | $0.06 | $(0.02) |
| Weighted average common shares outstanding: | ||
| Basic | 94,171,695 | 90,025,209 |
| Diluted | 97,452,397 | 90,025,209 |
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