SPLASH BEVERAGE GROUP INC

For the period ended Mar 31, 2024. Filed May 15, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

EDVA$0.17-7.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

For the Three Months Ended March 31, 2024 and 2023

(Unaudited)

	Three months ended March 31,
	2024	2023
Net revenues	$1,540,680	$5,822,727
Cost of goods sold	(1,377,065)	(4,061,228)
Gross profit	163,615	1,761,499
Operating expenses:
Contracted services	218,829	381,005
Salary and wages	1,234,926	1,234,127
Non-cash share-based compensation	556,672	215,760
Other general and administrative	1,201,031	2,648,701
Sales and marketing	202,454	736,827
Total operating expenses	3,413,912	5,216,420
Loss from continuing operations	(3,250,297)	(3,454,921)
Other income/(expense):
Other income	(1,495)	140,404
Amortization of debt discount	(886,838)	(247,661)
Interest Income	332	—
Interest expense	(532,599)	(167,121)
Total other expense	(1,420,600)	(274,378)
Provision for income taxes	—	—
Net loss from continuing operations, net of tax	(4,670,897)	(3,729,299)
Net loss	$(4,670,897)	$(3,729,299)
Other comprehensive loss foreign currency translation loss, net of tax	(7,437)	(1,609)
Total comprehensive loss	(4,678,334)	(3,730,908)
Loss per share - continuing operations
Basic and dilutive	$(0.10)	$(0.10)
Weighted average number of common shares outstanding - continuing operations
Basic and dilutive	44,793,831	37,389,990

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.