Healthcare Integrated Technologies Inc
For the period ended Jul 31, 2024. Filed Oct 29, 2024.
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FY2024 · Filed Oct 29, 2024
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Consolidated Statements of Operations
| For the Years Ended July 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| REVENUE: | |||
| Contract revenue | $322,000 | $ | - |
| Cost of contracts | (239,948) | - | |
| Gross profit | 82,052 | - | |
| OPERATING EXPENSES: | |||
| Selling, general & administrative | 516,280 | 657,667 | |
| Stock-based compensation | 186,643 | 287,016 | |
| Amortization of intangibles | 221,919 | 16,885 | |
| Impairment of intangibles | 140,770 | - | |
| Total operating expenses | 1,065,612 | 961,568 | |
| OPERATING LOSS | (983,560) | (961,568) | |
| OTHER INCOME (EXPENSE): | |||
| Interest expense | (55,079) | (417,341) | |
| Extinguishment of liabilities | 279,903 | - | |
| Gain on settlements | 56,250 | - | |
| Change in fair value of derivative liability | - | 76,451 | |
| Total other income (expense) | 281,074 | (340,890) | |
| NET LOSS | $(702,486) | $(1,302,458) | |
| NET LOSS PER COMMON SHARE | |||
| Basic and diluted | $(0.01) | $(0.03) | |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | |||
| Basic and diluted | 70,048,860 | 44,050,535 | |
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