Onar Holding Corp
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| 2024 | 2023 | |
|---|---|---|
| Revenue (including $81,955 and $606,000 of related party revenue, respectively, Note 5) | $2,573,386 | $2,802,065 |
| Cost of revenues | 2,613,942 | 2,928,523 |
| Gross profit (loss) | (40,556) | (126,458) |
| Operating expenses: | ||
| General and administrative | 1,354,527 | 886,822 |
| Depreciation and amortization | 585,109 | 557,631 |
| Total operating expenses | 1,939,636 | 1,444,453 |
| Loss from operations | (1,980,192) | (1,570,911) |
| Other (income) expense: | ||
| Interest expense | 436,861 | 88,039 |
| Transaction costs for merger | 461,115 | - |
| Other (income) expense | 19,498 | 82,952 |
| Change in fair value of investments | (178,381) | - |
| Loss on extinguishment of notes payable | 363,871 | - |
| Total other(income)expense | 1,102,964 | 170,991 |
| Provision for income tax | - | - |
| Net loss | $(3,083,156) | $(1,741,902) |
| Net loss per share - basic and diluted | $(0.15) | $(0.11) |
| Weighted average common shares outstanding | 20,181,605 | 16,584,443 |
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