MINIM INC

For the period ended Jun 30, 2024. Filed Aug 20, 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.

Jun 30, 2024 · Filed Aug 20, 2024

FIEE$2.98-6.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (Unaudited)

Condensed Consolidated Statements of Operations

Three Months Ended · Six Months Ended
June 30, · June 30,
2024 · 2023 · 2024 · 2023
Net sales	$	-	$7,194,757	$639,893	$17,946,541
Cost of goods sold		-	6,708,857	432,634	14,851,438
Gross profit		-	485,900	207,259	3,095,103
Operating expenses:
Selling and marketing		45,134	3,588,709	66,171	7,312,521
General and administrative		566,514	1,170,520	1,585,030	2,496,984
Research and development		40,864	1,186,801	113,294	2,671,200
Vendor liability forgiveness, net of asset transfers		(164,026)	-	2,200,929	-
Total operating expenses		488,486	5,946,030	3,965,424	12,480,705
Operating loss		(488,486)	(5,460,130)	(3,758,165)	(9,385,602)
Other income (expense):
Interest income (expense), net		20	(112,575)	82	(257,560)
Total other income (expense)		20	(112,575)	82	(257,560)
Loss before income taxes		(488,466)	(5,572,705)	(3,758,083)	(9,643,162)
Income tax expense (benefit)		(554)	24,976	(11,216)	24,976
Net loss		$(487,912)	$(5,597,681)	$(3,746,867)	$(9,668,138)
Net loss per share:
Basic and diluted		$(0.17)	$(2.96)	$(1.34)	$(5.13)
Basic and diluted weighted average common and common equivalent shares		2,809,689	1,888,274	2,790,144	1,884,195

See accompanying notes to unaudited condensed consolidated financial statements.

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.