v3.24.1.1.u2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Revenue $ 1,017,931 $ 5,503,935
Cost of revenue:    
Cost of revenue 644,983 5,573,407
Gross profit (loss) 372,948 (69,472)
Operating expenses:    
Payroll and related expenses 3,268,069 1,314,390
General and administrative expenses 944,613 1,788,956
Marketing and business development expenses 192,725 87,251
Total 4,405,407 3,190,597
Operating loss (4,032,459) (3,260,069)
Other income (expense):    
Interest expense (1,282,756) (287,372)
Interest income 9,570 9,362
Other income 48,617 18,639
Total (1,224,569) (259,371)
Loss before income taxes (5,257,028) (3,519,440)
Income tax expense
Net loss (5,257,028) (3,519,440)
Common stock deemed dividend (670,881)
Net loss after adjustment of common stock deemed dividend (5,927,909) (3,519,440)
Add: net income (loss) attributable to noncontrolling interests (1,257,745)
Net loss attributable to common stockholders $ (4,670,164) $ (3,519,440)
Net loss per share    
Basic (in dollars per share) $ (4.93) $ (5)
Diluted (in dollars per share) $ (4.93) $ (5)
Weighted average shares outstanding:    
Basic (in shares) 947,670 700,197
Diluted (in shares) 947,670 700,197
Construction services    
Revenue:    
Revenue $ 968,115 $ 5,503,935
Cost of revenue:    
Cost of revenue 644,983 5,573,407
Real estate commissions    
Revenue:    
Revenue $ 49,816

Source