SPLASH BEVERAGE GROUP INC
For the period ended Sep 30, 2024. Filed Nov 15, 2024.
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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.
Sep 30, 2024 · Filed Nov 15, 2024
EDVA$0.17-7.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
For the Three Months and Nine Months Ended September 30, 2024 and 2023
(Unaudited)
| Three months ended September 30 | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenues | 981,858 | 5,144,069 | 3,569,320 | 16,161,747 |
| Cost of goods sold | (690,839) | (3,847,202) | (2,870,256) | (11,326,298) |
| Gross profit | 291,019 | 1,296,867 | 699,064 | 4,835,449 |
| Operating expenses: | ||||
| Contracted services | 208,211 | 382,096 | 628,076 | 1,094,398 |
| Salary and wages | 1,101,700 | 1,195,916 | 3,579,801 | 3,794,179 |
| Non-cash share-based compensation | 186,682 | 367,244 | 2,085,671 | 1,224,101 |
| Other general and administrative | 1,236,098 | 3,048,779 | 3,371,139 | 8,617,013 |
| Sales and marketing | 227,921 | 626,363 | 645,187 | 2,105,559 |
| Total operating expenses | 2,960,612 | 5,620,398 | 10,309,874 | 16,835,250 |
| Loss from operations | (2,669,593) | (4,323,531) | (9,610,810) | (11,999,801) |
| Other income/(expense): | ||||
| Interest income | 736 | 348 | 1,571 | 1,668 |
| Interest expense | (890,471) | (221,488) | (2,045,131) | (561,249) |
| Other Income/Expense | (35) | — | (1,937) | 49,819 |
| Legal reserve | (330,000) | — | (330,000) | — |
| Amortization of debt discount | (830,200) | (1,125,410) | (2,730,854) | (2,500,065) |
| Total other income/(expense) | (2,049,970) | (1,346,550) | (5,106,351) | (3,009,827) |
| Provision for income taxes | — | — | — | — |
| Net loss | $(4,719,563) | $(5,670,081) | $(14,717,161) | $(15,009,628) |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation loss | 85,074 | 29,406 | 77,819 | 12,024 |
| Total Comprehensive Income (Loss) | $(4,634,489) | $(5,640,675) | $(14,639,342) | $(14,997,604) |
| (Loss) per share - continuing operations | ||||
| Basic and diluted | $(0.08) | $(0.13) | $(0.29) | $(0.36) |
| Weighted average number of common shares outstanding - continuing operations | ||||
| Basic and diluted | 5,272,802 | 42,812,058 | 51,393,262 | 41,991,259 |
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