Freight Technologies, Inc.
For the period ended Mar 31, 2025. Filed May 16, 2025.
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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.
Mar 31, 2025 · Filed May 16, 2025
FRGT$0.98+9.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| 2025 | 2024 | |
|---|---|---|
| Revenue | $4,100,640 | $4,287,760 |
| Cost and expenses | ||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 3,593,300 | 4,056,627 |
| Compensation and employee benefits | 1,254,789 | 1,454,341 |
| General and administrative | 596,753 | 731,537 |
| Sales and marketing | 16,045 | 18,794 |
| Depreciation and amortization | 103,854 | 110,207 |
| Total cost and expenses | 5,564,741 | 6,371,506 |
| Operating loss | (1,464,101) | (2,083,746) |
| Other income and expenses | ||
| Interest expense, net | (134,864) | (172,704) |
| Income (loss) before provision for income taxes | (1,598,965) | (2,256,450) |
| Income tax expense | 3,081 | - |
| Net loss | $(1,602,046) | $(2,256,450) |
| Net loss per share attributable to ordinary shareholders, basic and diluted | $(0.73) | $(10.76) |
| Basic and diluted weighted average shares outstanding | 2,182,281 | 209,737 |
| Net loss | $(1,602,046) | $(2,256,450) |
| Other comprehensive gain (loss) net of tax | ||
| Foreign currency translation gain (loss) | 20,820 | 161,140 |
| Comprehensive loss | $(1,581,226) | $(2,095,310) |
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