OneMedNet Corp

For the period ended Dec 31, 2024. Filed Apr 15, 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 Apr 15, 2025

ONMD$6.00+16.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share data)

	For the year ended December 31,
	2024	2023
Revenue
Subscription revenue	$351	$878
Web imaging revenue	292	143
Total revenue	643	1,021
Cost of revenue	924	1,150
Gross margin	(281)	(129)
Operating expenses
General and administrative	7,027	3,544
Sales and marketing	830	1,115
Research and development	1,467	2,065
Total operating expenses	9,324	6,724
Loss from operations	(9,605)	(6,853)
Other expense (income), net
Interest expense	147	11
Stock warrant expense	35	9,207
Change in fair value of warrants	(9)	(129)
Change in fair value of PIPE Notes	97	269
Change in fair value of Yorkville Note	711	-
Change in fair value of crypto assets – Bitcoin	(798)	-
Realized gain on sale of crypto assets – Bitcoin	(120)	-
Change in fair value of derivative liability	434	-
Change in fair value of convertible promissory notes	-	17,517
Other expense	25	34
Total other expense, net	522	26,909
Loss before income taxes	$(10,127)	$(33,762)
Income tax expense	2	18
Net loss	$(10,129)	$(33,780)
Earnings per share:
Basic and diluted net loss per common share outstanding	$(0.36)	$(4.65)
Basic and diluted weighted average number of common shares outstanding	28,076,512	7,271,014

ContentsView on SEC.gov

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