Serve Robotics Inc DE
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout 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 13, 2024
SERV$3.11-8.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
Unaudited Condensed Consolidated Statements of Operations
For the Three and Six Months Ended June 30, 2024 and 2023
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $468,375 | $62,009 | $1,415,086 | $102,261 |
| Cost of revenues | 326,013 | 391,367 | 678,451 | 758,628 |
| Gross profit (loss) | 142,362 | (329,358) | 736,635 | (656,367) |
| Operating expenses: | ||||
| General and administrative | 1,873,320 | 970,819 | 2,881,391 | 1,986,806 |
| Operations | 871,211 | 592,648 | 1,412,185 | 1,114,335 |
| Research and development | 5,787,906 | 2,125,685 | 12,426,347 | 4,208,634 |
| Sales and marketing | 165,612 | 83,136 | 283,848 | 362,718 |
| Total operating expenses | 8,698,049 | 3,772,288 | 17,003,771 | 7,672,493 |
| Loss from operations | (8,555,687) | (4,101,646) | (16,267,136) | (8,328,860) |
| Other income (expense), net: | ||||
| Interest expense, net | (260,120) | (496,862) | (1,586,642) | (538,606) |
| Change in fair value of derivative liability | (221,560) | - | (221,560) | - |
| Change in fair value of simple agreements for future equity | - | (367,748) | - | (1,236,912) |
| Total other income (expense), net | (481,680) | (864,610) | (1,808,202) | (1,775,518) |
| Provision for income taxes | - | - | - | - |
| Net loss | $(9,037,367) | $(4,966,256) | $(18,075,338) | $(10,104,378) |
| Weighted average common shares outstanding - basic and diluted | 33,795,009 | 6,678,372 | 29,176,370 | 6,678,372 |
| Net loss per common share - basic and diluted | $(0.27) | $(0.74) | $(0.62) | $(1.51) |
See accompanying notes to the unaudited condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.