Airship AI Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
AISP$1.69-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations and Comprehensive Loss
| CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS | ||
|---|---|---|
| For the years ended December 31, 2023 and 2022 | ||
| Year Ended | Year Ended | |
| December 31, 2023 | December 31, 2022 | |
| NET REVENUES: | ||
| Product | $7,439,045 | $9,376,465 |
| Post contract support | 4,692,487 | 5,008,328 |
| Other services | 168,052 | 164,348 |
| 12,299,584 | 14,549,141 | |
| COST OF NET REVENUES: | ||
| Product | 4,767,159 | 4,554,340 |
| Post contract support | 1,681,267 | 1,494,583 |
| Other services | 86,841 | 79,205 |
| 6,535,267 | 6,128,128 | |
| GROSS PROFIT | 5,764,317 | 8,421,013 |
| RESEARCH AND DEVELOPMENT EXPENSES | 2,729,492 | 3,614,814 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 9,675,190 | 7,630,012 |
| TOTAL OPERATING EXPENSES | 12,404,682 | 11,244,826 |
| OPERATING LOSS | (6,640,365) | (2,823,813) |
| OTHER INCOME (EXPENSE): | ||
| Gain from change in fair value of warrants | 1,341,120 | - |
| Gain from change in fair value of earnout liability | 21,976,349 | - |
| Loss from change in fair value of convertible debt | (240,784) | - |
| Interest income | - | 42,565 |
| Interest expense | (55,685) | (75,256) |
| Other expense | 9,501) | - |
| Other income- PPP loan forgiveness | - | 1,146,235 |
| Other income- employee retention tax credit | - | 1,232,776 |
| Total other income, net | 23,011,499 | 2,346,320 |
| INCOME (LOSS) BEFORE PROVISON FOR INCOME TAXES | 16,371,134 | (477,493) |
| Provision for income taxes | - | (10,000) |
| NET INCOME (LOSS) | 16,371,134 | (487,493) |
| OTHER COMPREHENSIVE LOSS | ||
| Foreign currency translation loss, net | (2,702) | (10,106) |
| TOTAL COMPREHENSIVE INCOME (LOSS) | $16,368,432 | $(497,599) |
| NET INCOME (LOSS) PER SHARE: | ||
| Basic | $1.20 | $(0.04) |
| Diluted | $0.80 | $(0.04) |
| Weighted average shares of common stock outstanding | ||
| Basic | 13,671,376 | 13,387,344 |
| Diluted | 20,390,663 | 13,387,344 |
AIRSHIP AI HOLDINGS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.