Nixxy, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout 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 Mar 31, 2025
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 | Year | |
|---|---|---|
| Ended | Ended | |
| December 31, | December 31, | |
| 2024 | 2023 | |
| REVENUE | ||
| Revenue | $612,046 | $3,188,019 |
| OPERATING EXPENSES | ||
| Cost of revenue (exclusive of amortization shown separately below) | 2,561 | 2,721,207 |
| Sales and marketing | 851,923 | 387,359 |
| Product development | 51,450 | 416,897 |
| Amortization of intangibles | 1,027,384 | 1,277,355 |
| Goodwill and intangible assets impairment | 4,720,624 | - |
| General and administrative | 8,912,411 | 6,121,508 |
| Total operating expenses | 15,566,353 | 10,924,326 |
| LOSS FROM CONTINUING OPERATIONS | (14,954,307) | (7,736,307) |
| OTHER (EXPENSES) INCOME | ||
| Interest expense | (661,104) | (2,150,541) |
| Income from ERC Credit | - | 2,177,568 |
| Finance cost | - | (495,153) |
| Gain on assets sale | 1,763,430 | 551,127 |
| Loss on adjust of fair value of marketable securities | (239,869) | (170,383) |
| Loss on debt extinguishment | (8,521,149) | - |
| Other income (expense) | 5,912 | (6,601) |
| Change in fair value of warrant liability | 13,459 | 96,000 |
| Total other (expenses) income | (7,639,321) | 2,017 |
| Loss from continuing operations before income taxes | (22,593,628) | (7,734,290) |
| Provision for income taxes | - | - |
| NET LOSS FROM CONTINUING OPERATIONS | $(22,593,628) | $(7,734,290) |
| Net income from discontinued operations | - | 1,074,391 |
| Net loss | $(22,593,628) | $(6,659,899) |
| Deemed dividends | - | (503,642) |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | $(22,593,628) | $(7,163,541) |
| NET LOSS FROM CONTINUING OPERATIONS PER COMMON SHARE - BASIC AND DILUTED | $(3.82) | $(6.08) |
| NET INCOME FROM DISCONTIUNED OPERATIONS PER COMMON SHARE - BASIC AND DILUTED | - | 0.85 |
| NET LOSS PER COMMON SHARE - BASIC AND DILUTED | $(3.82) | $(5.64) |
| WEIGHTED AVERAGE COMMON SHARES - BASIC AND DILUTED | 5,910,003 | 1,271,071 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.