Brand Engagement Network Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 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 31, 2025
BNAI$4.84+7.8%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
Consolidated Statements of Operations
| Years EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $99,790 | $35,210 |
| Cost of revenues | — | — |
| Gross profit | 99,790 | 35,210 |
| Operating expenses: | ||
| General and administrative | 19,242,571 | 10,841,024 |
| Depreciation and amortization | 2,728,411 | 637,990 |
| Research and development | 1,127,779 | 236,710 |
| Impairment of deferred customer acquisition costs | 13,475,000 | — |
| Total operating expenses | 36,573,761 | 11,715,724 |
| Loss from operations | (36,473,971) | (11,680,514) |
| Other income (expenses): | ||
| Interest expense | (202,945) | (56,515) |
| Interest income | 3,328 | 15,520 |
| Gain on debt extinguishment | 1,946,310 | — |
| Change in fair value of warrant liabilities | 994,687 | — |
| Other | 17,162 | (9,757) |
| Other income (expenses), net | 2,758,542 | (50,752) |
| Loss before income taxes | (33,715,429) | (11,731,266) |
| Income taxes | — | — |
| Net loss | $(33,715,429) | $(11,731,266) |
| Net loss per common share- basic and diluted | $(1.02) | $(0.57) |
| Weighted-average common shares - basic and diluted | 32,908,326 | 20,635,508 |
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