Driveitaway Holdings Inc
For the period ended Sep 30, 2024. Filed Feb 24, 2025.
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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.
FY2024 · Filed Feb 24, 2025
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Consolidated Statements of Operations
| Years ended | ||
|---|---|---|
| September 30, | September 30, | |
| 2024 | 2023 | |
| Revenues | $460,991 | $307,284 |
| Cost of goods sold | 322,730 | 238,763 |
| Gross profit | 138,261 | 68,521 |
| Operating Expenses | ||
| Salaries and payroll taxes | 267,895 | 297,625 |
| Professional fees | 250,437 | 345,101 |
| General and administrative | 142,021 | 92,749 |
| Software development | 39,244 | 56,529 |
| Advertising and marketing | 6,819 | 38,972 |
| Total operating expenses | 706,416 | 830,976 |
| Operating Loss | (568,155) | (762,455) |
| Other Income (expense) | ||
| Change in FV of derivative | (342,751) | 169,723 |
| Amortization debt discount | (393,946) | (122,279) |
| Amortization of deferred financing costs | (201,236) | — |
| Loss on extinguishment of debt | — | (36,313) |
| Interest expense | (733,560) | (173,895) |
| Interest expense - related parties | (8,595) | (4,918) |
| Total other income (expense) | (1,680,088) | (167,682) |
| Net Income (loss) before taxes | (2,248,243) | (930,137) |
| Income tax benefit | — | — |
| Net Income (Loss) | $(2,248,243) | $(930,137) |
| Net loss per common share - basic and diluted | $(0.02) | $(0.01) |
| Weighted average of common shares - basic and diluted | 110,277,132 | 106,458,571 |
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