Onar Holding Corp
For the period ended Jun 30, 2025. Filed Aug 19, 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.
Jun 30, 2025 · Filed Aug 19, 2025
ONARStored price and day change unavailable
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Unaudited Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue (including $-0- and $-0-, respectively and $-0- and $159,431 of related party revenue, respectively, Note 4) | $550,639 | $667,296 | $1,623,234 | $1,267,838 |
| Cost of revenues | 821,584 | 348,171 | 1,699,260 | 827,021 |
| Gross profit (loss) | (270,945) | 319,125 | (76,026) | 440,817 |
| Operating expenses: | ||||
| General and administrative | 831,477 | 300,132 | 1,863,309 | 541,086 |
| Depreciation and amortization | 65,490 | 80,872 | 178,480 | 223,608 |
| Total operating expenses | 896,967 | 381,004 | 2,041,789 | 764,694 |
| Loss from operations | (1,167,912) | (61,879) | (2,117,815) | (323,877) |
| Other (income) expense: | ||||
| Interest expense | 175,497 | 98,499 | 369,224 | 148,172 |
| Transaction costs for merger | - | 157,047 | - | 216,647 |
| Other (income) expense | (2,039) | (38,654) | (40,318) | (23,192) |
| Change in fair value of investments | 64,653 | - | 246,804 | - |
| Total other (income) expense | 238,111 | 216,892 | 575,710 | 341,627 |
| Provision for income tax | - | - | - | - |
| Net loss | $(1,406,023) | $(278,771) | $(2,693,525) | $(665,504) |
| Net loss per share - basic and diluted | $(0.01) | $(0.02) | $(0.02) | $(0.04) |
| Weighted average common shares outstanding | 119,902,406 | 16,785,000 | 117,110,657 | 16,785,000 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
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