Onfolio Holdings, Inc
For the period ended Dec 31, 2024. Filed Apr 16, 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 Apr 16, 2025
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
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue, services | $4,660,069 | $1,496,038 |
| Revenue, product sales | 3,202,008 | 3,743,948 |
| Total Revenue | 7,862,077 | 5,239,986 |
| Cost of revenue, services | 2,609,061 | 837,888 |
| Cost of revenue, product sales | 708,139 | 1,159,267 |
| Total cost of revenue | 3,317,200 | 1,997,155 |
| Gross profit | 4,544,877 | 3,242,831 |
| Operating expenses | ||
| Selling, general and administrative | 5,718,243 | 5,981,601 |
| Professional fees | 948,751 | 1,160,410 |
| Impairment of goodwill and intangible assets | 121,000 | 5,016,765 |
| Acquisition costs | 264,731 | 326,899 |
| Total operating expenses | 7,052,725 | 12,485,675 |
| Loss from operations | (2,507,848) | (9,242,844) |
| Other income (expense) | ||
| Equity method income | (4,812) | 13,190 |
| Dividend income | 12,157 | 1,610 |
| Interest income (expense), net | (101,667) | 75,041 |
| Other income | 6,183 | 2,937 |
| Change in fair value of contingent consideration | 368,464 | - |
| Gain on sale of subsidiary | 453,581 | - |
| Total other income | 733,906 | 92,778 |
| Loss before income taxes | (1,773,942) | (9,150,066) |
| Income tax (provision) benefit | - | - |
| Net loss | (1,773,942) | (9,150,066) |
| Net loss attributable to noncontrolling interest | 7,737 | - |
| Net loss attributable to Onfolio Holdings Inc. | (1,766,205) | (9,150,066) |
| Preferred Dividends | (354,228) | (227,298) |
| Net loss to common shareholders | $(2,120,433) | $(9,377,364) |
| Net loss per common shareholder | ||
| Basic and diluted | $(0.41) | $(1.84) |
| Weighted average shares outstanding | ||
| Basic and diluted | 5,117,941 | 5,107,395 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.