RDE Inc

For the period ended Dec 31, 2023. Filed Apr 9, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 9, 2024

GIFT$0.54+5.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

Successor · Predecessor
	December 30, 2023 to December 31,	January 1, 2023 to December 29,	Year Ended December 31,
	2023	2023	2022
Net Sales	$484,860	$86,661,944	$97,008,102
Cost of sales	418,350	76,220,645	86,527,509
Gross profit	66,510	10,441,299	10,480,593
Operating Expenses
Selling, general and administrative expenses	5,086,510	11,152,428	11,268,508
Amortization of capitalized software costs	-	1,080,537	3,678,233
Amortization of intangible assets		300,000	300,000
Impairment of property and equipment		738,740
Impairment of intangibles		250,000	-
Goodwill impairment	-	-	834,200
Total operating expenses	5,086,510	13,521,705	16,080,941
Loss from operations	(5,020,000)	(3,080,406)	(5,600,348)
Other income (expense):
Interest expense	-	(2,890,466)	(2,723,332)
Gain on forgiveness of debt	-	5,876,000	-
Total other income (expense), net	-	2,985,534	(2,723,332)
Net loss before income taxes	(5,020,000)	(94,872)	(8,323,680)
Income taxes	-	(29,673)	(899)
Net loss	$(5,020,000)	$(124,545)	$(8,324,579)
Net loss per share – basic	$(0.21)	$(0.01)	$(0.57)
Net loss per share – diluted	(0.21)	$(0.01)	$(0.57)
Weighted average common shares outstanding – basic and diluted	24,119,967	15,927,387	13,774,292

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.