Serve Robotics Inc DE
For the period ended Dec 31, 2024. Filed Mar 6, 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 Mar 6, 2025
SERV$3.39+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $1,812,483 | $207,545 |
| Cost of revenues | 1,887,639 | 1,730,262 |
| Gross loss | (75,156) | (1,522,717) |
| Operating expenses: | ||
| General and administrative | 10,092,911 | 4,618,499 |
| Operations | 3,288,779 | 2,564,930 |
| Research and development | 24,255,023 | 9,947,258 |
| Sales and marketing | 577,075 | 605,205 |
| Impairment of long-lived assets | — | 1,468,995 |
| Total operating expenses | 38,213,788 | 19,204,887 |
| Loss from operations | (38,288,944) | (20,727,604) |
| Other income (expense), net: | ||
| Interest income (expense), net | (680,548) | (2,264,426) |
| Change in fair value of derivative liability | (221,560) | (149,000) |
| Change in fair value of simple agreements for future equity | — | (1,672,706) |
| Total other income (expense), net | (902,108) | (4,086,132) |
| Provision for income taxes | — | — |
| Net loss | $(39,191,052) | $(24,813,736) |
| Weighted average common shares outstanding - basic and diluted | 36,658,834 | 14,204,078 |
| Net loss per common share - basic and diluted | $(1.07) | $(1.75) |
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