Safe Pro Group Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
SPAI$3.28+6.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine months Ended | |||
|---|---|---|---|---|
| September 30, | September 30, | September 30, | September 30, | |
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Product sales | $98,636 | $58,590 | $907,260 | $519,728 |
| Services | 232,120 | 104,957 | 374,139 | 120,334 |
| Total Revenues | 330,756 | 163,547 | 1,281,399 | 640,062 |
| Cost of Revenues: | ||||
| Product sales | 55,815 | 33,967 | 604,000 | 305,871 |
| Services | 122,581 | 52,898 | 185,302 | 59,288 |
| Depreciation expense | 17,857 | 14,236 | 49,796 | 41,737 |
| Total Cost of Revenues | 196,523 | 101,101 | 839,098 | 406,896 |
| Gross Profit | 134,233 | 62,446 | 442,301 | 233,166 |
| Operating Expenses: | ||||
| Salaries, wages and payroll taxes | 2,745,525 | 339,210 | 3,571,310 | 911,537 |
| Research and development | - | 91,537 | 85,937 | 243,971 |
| Professional services | 430,698 | 175,246 | 1,508,908 | 541,736 |
| Selling, general and administrative expenses | 418,366 | 89,142 | 853,077 | 290,014 |
| Depreciation and amortization | 81,718 | 45,529 | 172,834 | 136,586 |
| Total Operating Expenses | 3,676,307 | 740,664 | 6,192,066 | 2,123,844 |
| Loss from Operations | (3,542,074) | (678,218) | (5,749,765) | (1,890,678) |
| Other Income (Expense): | ||||
| Interest income | 10,082 | - | 10,082 | 506 |
| Interest expense | (153,464) | (1,566) | (304,556) | (4,086) |
| Total Other Expense, net | (143,382) | (1,566) | (294,474) | (3,580) |
| Net loss | $(3,685,456) | $(679,784) | $(6,044,239) | $(1,894,258) |
| Basic and diluted loss per share of common stock | $(0.34) | $(0.09) | $(0.64) | $(0.25) |
| Basic and diluted weighted average number of shares of common stock outstanding | 10,778,140 | 7,768,378 | 9,484,897 | 7,628,146 |
See the accompanying notes to the unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.