MINIM INC
For the period ended Mar 31, 2024. Filed May 20, 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.
Mar 31, 2024 · Filed May 20, 2024
FIEE$2.98-6.7%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 (Unaudited)
Condensed Consolidated Statements of Operations
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Net sales | $639,893 | $10,751,785 |
| Cost of goods sold | 432,634 | 8,142,580 |
| Gross profit | 207,259 | 2,609,205 |
| Operating expenses: | ||
| Selling and marketing | 21,037 | 3,723,812 |
| General and administrative | 1,018,516 | 1,326,464 |
| Research and development | 72,430 | 1,484,399 |
| Vendor liability forgiveness, net of asset transfers (Note 7) | 2,364,955 | - |
| Total operating expenses | 3,476,938 | 6,534,675 |
| Operating loss | (3,269,679) | (3,925,470) |
| Other expense: | ||
| Interest income (expense), net | 62 | (144,987) |
| Total other income (expense) | 62 | (144,987) |
| Loss before income taxes | (3,269,617) | (4,070,457) |
| Income tax benefit | 10,662 | - |
| Net loss | $(3,258,955) | $(4,070,457) |
| Basic and diluted net loss per share | $(1.18) | $(2.16) |
| Weighted average common and common equivalent shares: Basic and diluted | 2,770,382 | 1,880,185 |
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