Onfolio Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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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.
FY2023 · Filed Apr 1, 2024
ONFO$0.36-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Onfolio Holdings, Inc. | ||
|---|---|---|
| Consolidated Statements of Operations | ||
| For the Year Ended December 31, | ||
| 2023 | 2022 | |
| Revenue, services | $1,496,038 | $544,822 |
| Revenue, product sales | 3,743,948 | 1,674,993 |
| Total Revenue | 5,239,986 | 2,219,815 |
| Cost of revenue, services | 837,888 | 356,957 |
| Cost of revenue, product sales | 1,159,267 | 664,405 |
| Total cost of revenue | 1,997,155 | 1,021,362 |
| Gross profit | 3,242,831 | 1,198,453 |
| Operating expenses | ||
| Selling, general and administrative | 6,040,688 | 4,271,865 |
| Professional fees | 1,160,410 | 509,941 |
| Impairment of goodwill and intangible assets | 3,952,433 | - |
| Acquisition costs | 326,899 | 527,792 |
| Total operating expenses | 11,480,430 | 5,309,598 |
| Loss from operations | (8,237,599) | (4,111,145) |
| Other income (expense) | ||
| Equity method income | 13,190 | 34,432 |
| Dividend income | 1,610 | 3,193 |
| Interest income (expense), net | 75,041 | (2,152) |
| Other income | 2,937 | 13,223 |
| Impairment of investments | - | (137,602) |
| Loss on sale of asset | - | (34,306) |
| Total other income | 92,778 | (123,212) |
| Loss before income taxes | (8,144,821) | (4,234,357) |
| Income tax (provision) benefit | - | - |
| Net loss | (8,144,821) | (4,234,357) |
| Preferred Dividends | (227,298) | (195,145) |
| Net loss to common shareholders | $(8,372,119) | $(4,429,502) |
| Net loss per common shareholder | ||
| Basic and diluted | $(1.64) | $(1.35) |
| Weighted average shares outstanding | ||
| Basic and diluted | 5,107,395 | 3,285,934 |
| The accompanying notes are an integral part of these consolidated financial statements | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.