GIFTIFY, INC.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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.

FY2024 · Filed Mar 31, 2025

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

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Contents

Consolidated Statements of Operations

GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)

CONSOLIDATED STATEMENTS OF OPERATIONS

Successor · Predecessor
	Year Ended December 31, 2024	December 30, 2023 to December 31, 2023	January 1, 2023 to December 29, 2023
Net Sales	$88,934,036	$484,860	$86,661,944
Cost of sales	75,789,255	418,350	76,220,645
Gross profit	13,144,781	66,510	10,441,299
Operating Expenses
Selling, general and administrative expenses	27,615,865	5,086,510	11,152,428
Amortization of capitalized software costs	1,472,974	-	1,080,537
Amortization of intangible assets	2,431,668	-	300,000
Impairment of property and equipment	-	-	738,740
Impairment of intangibles	-	-	250,000
Total operating expenses	31,520,507	5,086,510	13,521,705
Loss from operations	(18,375,726)	(5,020,000)	(3,080,406)
Other income (expense):
Interest expense	(1,002,354)	-	(2,890,466)
Financing costs	(131,000)	-	-
Gain on forgiveness of debt	-	-	5,876,000
Total other income (expense), net	(1,133,354)	-	2,985,534
Net loss before income taxes	(19,509,080)	(5,020,000)	(94,872)
Income tax (expense) benefit	677,000	-	(29,673)
Net loss	$(18,832,080)	$(5,020,000)	$(124,545)
Net loss per share – basic and diluted	$(0.73)	$(0.21)	$(0.01)
Weighted average common shares outstanding – basic and diluted	25,745,113	24,119,967	15,927,387

GIFTIFY, INC. AND SUBSIDIARIES (FKA RDE, INC.)

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.