GIFTIFY, INC.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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Consolidated Statements of Stockholders’ Deficiency
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)
For the Year Ended December 31, 2024 (Successor)
| Common Stock · Common Stock Issuable · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Equity | |
| Balance, December 31, 2023 (Successor) | 24,119,967 | $24,114 | 383,343 | $383,343 | $93,376,244 | $(69,462,507) | $24,321,194 |
| Fair value of vested options | - | - | - | - | 8,031,289 | 8,031,289 | |
| Fair value of vested restricted stock units | 241,666 | 242 | - | - | 1,431,606 | 1,431,848 | |
| Fair value of common stock issued for employment agreements | 312,500 | 313 | - | - | 1,249,687 | 1,250,000 | |
| Fair value of common stock issuance for services | 210,000 | 210 | - | - | 771,290 | 771,500 | |
| Fair value of common stock issued for vendor settlement | 104,167 | 104 | 149,896 | 150,000 | |||
| Fair value of common shares issued for financing costs | 100,000 | 100 | 130,900 | 131,000 | |||
| Common shares issued on cashless exercise of stock options | 1,130 | 1 | (1) | - | |||
| Common shares issued | 32,500 | 32 | (32,500) | (32,500) | 32,468 | - | |
| Issuance of common stock for cash, under stock purchase agreement | 150,000 | 150 | - | - | 199,850 | 200,000 | |
| Issuance of common stock for cash, net, under at-the-market sale agreement | 209,993 | 210 | - | - | 285,853 | 286,063 | |
| Issuance of common stock for cash, net, on private sales | 1,539,500 | 1,539 | - | - | 3,019,983 | 3,021,522 | |
| Net loss | - | - | - | - | - | (18,832,080) | (18,832,080) |
| Balance, December 31, 2024 (Successor) | 27,021,423 | $27,015 | 350,843 | $350,843 | $108,679,065 | $(88,294,587) | $20,762,336 |
Period December 30, 2023 to December 31, 2023 (Successor)
| Common Stock · Common Stock Issuable · Additional Paid-In · Accumulated · Total Stockholders’ Equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | (Deficiency) | |
| Balance, December 29, 2023 (Successor) | 16,761,960 | $16,756 | 383,343 | $383,343 | $63,951,602 | $(64,442,507) | $(90,806) |
| Effects of the merger | 6,108,007 | 6,108 | - | - | 24,425,892 | - | 24,432,000 |
| Balance, December 30, 2023 | 22,869,967 | 22,864 | 383,343 | 383,343 | 88,377,494 | (64,442,507) | 24,341,194 |
| Fair value of common stock issued for employment agreements | 1,250,000 | 1,250 | - | - | 4,998,750 | - | 5,000,000 |
| Net loss | - | - | - | - | - | (5,020,000) | (5,020,000) |
| Balance, December 31, 2023 (Successor) | 24,119,967 | $24,114 | 383,343 | $383,343 | $93,376,244 | $(69,462,507) | $24,321,194 |
Period from January 1, 2023 to December 29, 2023 (Predecessor)
| Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficiency | |
| Balance, December 31, 2022 (Predecessor) | 29,035,625 | $2,900 | $4,934,052 | $(30,335,139) | $(25,398,187) |
| Stock based compensation | - | 1,942 | - | 1,942 | |
| Purchase of employee stock options | - | (36,916) | - | (36,916) | |
| Capital contribution – retirement of Series B | - | 4,084,353 | - | 4,084,353 | |
| Capital contribution | - | 22,997,712 | - | 22,997,712 | |
| Net loss | - | - | - | (124,545) | (124,545) |
| Balance, December 29, 2023 (Predecessor) | 29,035,625 | $2,900 | $31,981,143 | $(30,459,684) | $1,524,359 |
The accompanying notes are an integral part of these consolidated financial statements.
GIFTIFY, INC. AND SUBSDIARIES (FKA RDE, INC.)
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