CISO Global Inc
For the period ended Mar 31, 2024. Filed May 20, 2024.
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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.
Mar 31, 2024 · Filed May 20, 2024
CISO$0.17-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
CISO GLOBAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Revenue: | ||
| Security managed services | $10,447,840 | $11,766,133 |
| Professional services | 1,285,213 | 1,960,548 |
| Cybersecurity software | 100,283 | - |
| Total revenue | 11,833,336 | 13,726,681 |
| Cost of revenue: | ||
| Security managed services | 4,655,484 | 5,560,563 |
| Professional services | 273,331 | 198,293 |
| Cybersecurity software | 30,505 | - |
| Cost of payroll | 4,787,340 | 5,800,657 |
| Stock based compensation | 1,097,250 | 1,768,084 |
| Total cost of revenue | 10,843,910 | 13,327,597 |
| Total gross profit | 989,426 | 399,084 |
| Operating expenses: | ||
| Professional fees | 596,647 | 1,677,387 |
| Advertising and marketing | 28,306 | 115,394 |
| Selling, general and administrative | 4,997,203 | 9,508,766 |
| Stock based compensation | 1,107,022 | 3,628,975 |
| Impairment of goodwill | - | 20,199,368 |
| Total operating expenses | 6,729,178 | 35,129,890 |
| Loss from operations | (5,739,752) | (34,730,806) |
| Other income (expense): | ||
| Other income (expense) | 702 | (156,420) |
| Interest expense, net | (870,149) | (390,141) |
| Total other income (expense) | (869,447) | (546,561) |
| Loss before income taxes | (6,609,199) | (35,277,367) |
| Benefit from income taxes | - | (435,678) |
| Net loss | (6,609,199) | (34,841,689) |
| Foreign currency translation adjustment | (663,003) | 2,036,962 |
| Comprehensive loss | $(7,272,202) | $(32,804,727) |
| Net loss per common share - basic and diluted | $(0.55) | $(3.56) |
| Weighted average shares outstanding - basic | 11,965,984 | 9,791,665 |
| Weighted average shares outstanding - diluted | 11,965,984 | 9,791,665 |
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