Reliant Holdings Inc
For the period ended Sep 30, 2024. Filed Dec 20, 2024.
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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.
Sep 30, 2024 · Filed Dec 20, 2024
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Unaudited Consolidated Statements of Operations
| RELIANT HOLDINGS, INC. AND SUBSIDIARIES | ||||
|---|---|---|---|---|
| CONSOLIDATED STATEMENT OF OPERATIONS | ||||
| FOR THE PERIOD ENDED DECEMBER 31, 2023 | ||||
| (UNAUDITED) | ||||
| Three Months Ended · Nine Months Ended | ||||
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenue - Marketing | $559,806 | $668,432 | $1,827,644 | $2,204,535 |
| Revenue - Pool Sales | 338,991 | - | 338,991 | - |
| Total revenues | 898,797 | 668,432 | 2,166,635 | 2,204,535 |
| Cost of revenues | 679,891 | 360,613 | 1,506,912 | 1,736,277 |
| Total cost of revenues | 679,891 | 360,613 | 1,506,912 | 1,736,277 |
| Gross margin | 218,906 | 307,819 | 659,723 | 468,258 |
| Operating expenses: | ||||
| General and administrative | 868,465 | 409,350 | 1,409,551 | 864,266 |
| Depreciation and amortization | 114,101 | 106,177 | 337,709 | 318,531 |
| Legal and professional | 107,002 | 21,054 | 183,374 | 60,384 |
| Total operating expenses | 1,089,568 | 536,581 | 1,930,634 | 1,243,181 |
| Loss from operations | (870,662) | (228,762) | (1,270,911) | (774,923) |
| Other (income) expense: | ||||
| Interest expense | 153,409 | 36,300 | 301,581 | 56,907 |
| Transaction costs for merger | 64,878 | 30,050 | 281,525 | 85,827 |
| Other income | (41,224) | (11,700) | (64,416) | (11,700) |
| Total other(income) expense | 177,063 | 54,650 | 518,690 | 131,034 |
| Income tax | - | - | - | - |
| Net loss | $(1,047,725) | $(283,412) | $(1,789,601) | $(905,957) |
| Net loss per share - basic and diluted | $(0.06) | $(0.02) | $(0.11) | $(0.05) |
| Weighted average common shares outstanding | 16,785,000 | 16,785,000 | 16,785,000 | 16,584,443 |
| The accompanying notes are an integral part of these unaudited consolidated financial statements. | ||||
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