AMERICAN REBEL HOLDINGS INC
For the period ended Dec 31, 2023. Filed Apr 12, 2024.
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FY2023 · Filed Apr 12, 2024
AREB$0.31-9.0%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
| For the year ended December 31, 2023 | For the year ended December 31, 2022 | |
|---|---|---|
| Revenue | $16,228,310 | $8,449,800 |
| Cost of goods sold | 13,191,886 | 6,509,382 |
| Gross margin | 3,036,424 | 1,940,418 |
| Expenses: | ||
| Consulting/payroll and other costs | 3,347,070 | 905,843 |
| Compensation expense – officers – related party | 518,107 | 1,094,781 |
| Compensation expense – officers – deferred comp – related party | 1,413,000 | - |
| Rental expense, warehousing, outlet expense | 871,032 | 508,527 |
| Product development costs | 132,528 | 746,871 |
| Marketing and brand development costs | 1,273,012 | 507,503 |
| Administrative and other | 3,317,082 | 3,190,092 |
| Depreciation and amortization expense | 104,229 | 50,087 |
| Total operating expenses | 10,976,060 | 7,003,704 |
| Operating income (loss) | (7,939,636) | (5,063,286) |
| Other Income (Expense) | ||
| Interest expense | (406,252) | (358,689) |
| Interest expense – pre-emptive rights release | - | (350,000) |
| Interest income | 3,780 | 5,578 |
| Employee retention credit funds, net of costs to collect | 1,113,337 | - |
| Gain/(loss) on sale of equipment | 1,900 | - |
| Tangible asset valuation adjustment | (1,570,816) | - |
| Impairment adjustment – goodwill | (2,525,000) | - |
| Gain/(loss) on extinguishment of debt | 221,903 | (1,376,756) |
| Net income (loss) before income tax provision | (11,100,784) | (7,143,153) |
| Provision for income tax | - | - |
| Net income (loss) | $(11,100,784) | $(7,143,153) |
| Basic and diluted income (loss) per share | $(3.81) | $(23.90) |
| Weighted average common shares outstanding - basic and diluted | 2,912,100 | 298,800 |
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