AMERICAN REBEL HOLDINGS INC
For the period ended Dec 31, 2024. Filed Apr 9, 2025.
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FY2024 · Filed Apr 9, 2025
AREB$0.31-9.0%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
| For the Year Ended | ||
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| Revenue | 11,420,268 | 15,998,196 |
| Cost of goods sold | 11,539,905 | 14,199,260 |
| Gross margin | (119,637) | 1,798,936 |
| Expenses: | ||
| Consulting/payroll and other costs | 2,039,777 | 3,598,839 |
| Compensation expense – officers – related party | - | 518,107 |
| Compensation expense – officers – deferred comp – related party | 656,250 | 812,500 |
| Rental expense, warehousing, outlet expense | 468,739 | 871,032 |
| Product development costs | 385,800 | 132,528 |
| Marketing and brand development costs | 2,354,809 | 1,318,890 |
| Administrative and other | 6,049,555 | 3,207,806 |
| Depreciation and amortization expense | 145,548 | 104,229 |
| Total operating expenses | 12,100,478 | 10,563,931 |
| Operating loss | (12,220,115) | (8,764,995) |
| Other Income (Expense) | ||
| Interest expense | (3,969,485) | (363,567) |
| Interest income | 1,364 | 3,780 |
| Employee retention credit funds, net of costs to collect | - | 1,113,337 |
| Gain/(loss) on sale of equipment | 6,179 | 1,900 |
| Impairment adjustment – goodwill and intangible assets | - | (1,912,559) |
| Loss on debt extinguishment | (1,422,307) | - |
| Gain on settlement of liability | - | 190,403 |
| Net loss before income tax provision | (17,604,364) | (9,731,701) |
| Provision for income tax | - | - |
| Net loss | (17,604,364) | (9,731,701) |
| Basic and diluted loss per share | (306.91) | (857.02) |
| Weighted average common shares outstanding - basic and diluted | 57,360 | 11,355 |
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