Castellum Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
View on SEC.govAbout this filing
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 11, 2025
CTM$0.45+20.0%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
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | $44,764,852 | $45,243,812 | $42,190,643 |
| Cost of revenues | 26,498,437 | 26,568,485 | 24,593,326 |
| Gross profit | 18,266,415 | 18,675,327 | 17,597,317 |
| Operating expenses: | |||
| Indirect costs | 9,275,688 | 8,935,113 | 11,859,401 |
| Overhead | 1,906,682 | 1,884,059 | 1,560,252 |
| General and administrative | 14,328,672 | 17,697,886 | 13,586,600 |
| Goodwill impairment loss | — | 6,919,094 | — |
| (Gain) loss from change in fair value of contingent earnout | — | (92,000) | 555,000 |
| Total operating expenses | 25,511,042 | 35,344,152 | 27,561,253 |
| Loss from operations before other income (expense) | (7,244,627) | (16,668,825) | (9,963,936) |
| Other income (expense): | |||
| Loss on induced conversion | — | (300,000) | — |
| Loss on extinguishment of debt | (822,847) | — | — |
| Gain from sale of subsidiary | 39,234 | — | — |
| Gain (loss) from change in fair value of derivative liability | (725,600) | 1,054,025 | (132,000) |
| Other income, net | — | 106,419 | 303 |
| Interest expense, net of interest income | (1,158,435) | (3,248,914) | (3,992,809) |
| Total other expense | (2,667,648) | (2,388,470) | (4,124,506) |
| Loss from operations before (expense) benefit for income taxes | (9,912,275) | (19,057,295) | (14,088,442) |
| Income tax (expense) benefit | (68,032) | 1,257,117 | (819,596) |
| Net loss | (9,980,307) | (17,800,178) | (14,908,038) |
| Less: preferred stock dividends | 119,277 | 118,152 | 100,516 |
| Net loss to common shareholders | $(10,099,584) | $(17,918,330) | $(15,008,554) |
| Net loss per share | |||
| Basic and diluted | $(0.18) | $(0.38) | $(0.55) |
| Shares used in calculation of net loss per share | |||
| Basic and diluted | 55,287,657 | 47,177,950 | 27,468,226 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.