MINIM INC

For the period ended Sep 30, 2023. Filed Jan 8, 2024.

About this filing

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, 2023 · Filed Jan 8, 2024

FIEE$2.98-6.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (Unaudited)

Condensed Consolidated Statements of Operations

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Net sales	$6,696,187	$13,832,780	$24,642,728	$39,995,803
Cost of goods sold	9,694,096	10,749,970	24,545,534	30,182,996
Gross profit	(2,997,909)	3,082,810	97,194	9,812,807
Operating expenses:
Selling and marketing	2,073,636	3,802,735	9,386,157	11,286,370
General and administrative	963,108	1,922,315	3,460,092	4,991,959
Research and development	687,076	1,310,300	3,358,276	4,227,290
Total operating expenses	3,723,820	7,035,350	16,204,525	20,505,619
Operating loss	(6,721,729)	(3,952,540)	(16,107,331)	(10,692,812)
Other expense:
Interest expense, net	99,084	93,733	356,644	261,802
Total other expense	99,084	93,733	356,644	261,802
Loss before income taxes	(6,820,813)	(4,046,273)	(16,463,974)	(10,954,614)
Income taxes (benefit)	(525)	16,307	24,451	73,026
Net loss	$(6,820,287)	$(4,062,580)	$(16,488,425)	$(11,027,640)
Net loss per share:
Basic and diluted	$(3.61)	$(2.18)	$(8.74)	$(5.95)
Basic and diluted weighted average common and common equivalent shares	1,890,933	1,861,090	1,886,465	1,851,916

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.