Driveitaway Holdings Inc
For the period ended Sep 30, 2023. Filed Mar 8, 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 Mar 8, 2024
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Consolidated Statements of Operations
| Year Ended | ||
|---|---|---|
| September 30, | ||
| 2023 | 2022 | |
| Revenues | $307,284 | $55,509 |
| Cost of Goods Sold | 238,763 | 38,898 |
| Gross Profit | 68,521 | 16,611 |
| Operating Expenses | ||
| Salaries and payroll taxes | 297,625 | 388,100 |
| Professional fees | 345,101 | 644,189 |
| General and administrative | 92,749 | 74,053 |
| Software development | 56,529 | 61,542 |
| Advertising and marketing | 38,972 | 33,883 |
| Total Operating Expenses | 830,976 | 1,201,767 |
| Operating Loss | (762,455) | (1,185,156) |
| Other Income (Expenses) | ||
| Gain (loss) on change in fair value of derivative liability | 169,723 | 435,188 |
| Gain on PPP loan forgiveness | — | 24,148 |
| Loss on extinguishment of debt | (36,313) | — |
| Amortization debt discount | (122,279) | (677,561) |
| Interest expense | (173,895) | (70,346) |
| Interest expense - related parties | (4,918) | (2,296) |
| Interest income | — | 12 |
| Other income (expenses) | — | 646 |
| Total Other Income (Expense) | (167,682) | (290,209) |
| Loss Before Income Tax | (930,137) | (1,475,365) |
| Provision for income taxes | — | — |
| Net Income (Loss) | $(930,137) | $(1,475,365) |
| Net Loss Per Common Share | ||
| Basic and diluted net loss per common share | $(0.01) | $(0.03) |
| Basic and diluted weighted average number of common shares outstanding | 106,458,571 | 50,013,328 |
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