MINIM INC

For the period ended Sep 30, 2024. Filed Nov 19, 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.

Sep 30, 2024 · Filed Nov 19, 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 · Nine Months Ended
September 30, · September 30,
2024 · 2023 · 2024 · 2023
Net sales	$	-	$6,696,187	$639,893	$24,642,728
Cost of goods sold		-	9,694,096	432,634	24,545,534
Gross profit		-	(2,997,909)	207,259	97,194
Operating expenses:
Selling and marketing		-	2,073,636	66,171	9,386,157
General and administrative		625,067	963,108	2,210,097	3,460,092
Research and development		-	687,076	113,294	3,358,276
Vendor liability forgiveness, net of asset transfers		-	-	2,200,929	-
Total operating expenses		625,067	3,723,820	4,590,491	16,204,525
Operating loss		(625,067)	(6,721,729)	(4,383,232)	(16,107,331)
Other income (expense):
Interest income (expense), net		-	(99,084)	82	(356,644)
Total other income (expense)		-	(99,084)	82	(356,644)
Loss before income taxes		(625,067)	(6,820,813)	(4,383,150)	(16,463,974)
Income tax expense (benefit)		-	(525)	(11,216)	24,451
Net loss		$(625,067)	$(6,820,287)	$(4,371,934)	$(16,488,425)
Net loss per share:
Basic and diluted		$(0.22)	$(3.61)	$(1.55)	$(8.74)
Basic and diluted weighted average common and common equivalent shares		2,866,594	1,890,933	2,815,907	1,886,465

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.