Recruitercom Group Inc
For the period ended Dec 31, 2023. Filed Apr 16, 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 16, 2024
NIXX$0.20-4.7%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
| Year Ended December 31, | Year Ended December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Revenue | $3,188,019 | $21,251,518 |
| Cost of revenue | 2,721,207 | 13,675,103 |
| Gross Profit | 466,812 | 7,576,415 |
| Operating expenses: | ||
| Sales and marketing | 387,359 | 725,687 |
| Product development | 416,897 | 1,358,675 |
| Amortization of intangibles | 1,277,355 | 3,650,206 |
| Impairment expense | - | 4,420,539 |
| General and administrative | 6,121,508 | 15,275,003 |
| Total operating expenses | 8,203,119 | 25,430,110 |
| Loss from Operations | (7,736,307) | (17,853,695) |
| Other income (expenses): | ||
| Interest expense | (2,150,541) | (965,323) |
| Finance cost | (495,153) | - |
| Gain on assets sale | 551,127 | - |
| Gain on debt extinguishment | - | 1,205,195 |
| Gain or loss on fair value of marketable securities | (170,383) | - |
| Fair value of warrant liability | 96,000 | - |
| Income from ERC Credit | 2,177,568 | - |
| Other income (expense) | (6,601) | 17,878 |
| Total other income (expenses) | 2,017 | 257,750 |
| Loss from continuing operations before income taxes | (7,734,290) | (17,595,945) |
| Provision for income taxes | - | - |
| Net Loss from continuing operations | $(7,734,290) | $(17,595,945) |
| Net income from discontinued operations | 1,074,391 | 1,121,257 |
| Net Loss | (6,659,899) | (16,474,688) |
| Deemed dividends | (503,642) | (1,921,213) |
| Net loss attributable to common shareholders | $(7,163,541) | $(18,395,901) |
| Net loss from continuing operations per common share - basic and diluted | $(6.08) | $(17.45) |
| Net income from discontinued operations per common share - basic and diluted | $0.85 | $1.11 |
| Net loss per common share - basic and diluted | $(5.64) | $(18.24) |
| Weighted average common shares - basic and diluted | 1,271,071 | 1,008,568 |
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.