Total Stockholders' Equity 4,234,363 5,342,368
----------- -----------
Total Liabilities and Stockholders'
Equity $ 8,575,151 $ 6,131,483
=========== ===========
The accompanying notes are an integral part of these
consolidated financial statements
Onfolio Holdings, Inc.
Consolidated Statements of Operations
(Unaudited)
For the Three Months For the Nine Months Ended
Ended Sept 30, Sept 30,
2024 2023 2024 2023
Revenue,
services $ 919,044 $ 433,490 $ 2,635,761 $ 1,121,641
Revenue, product
sales 1,092,728 879,821 2,689,512 2,853,447
--------- ---------- ---------- ----------
Total Revenue 2,011,772 1,313,311 5,325,273 3,975,088
Cost of revenue,
services 625,676 218,063 1,549,900 651,849
Cost of revenue,
product sales 180,421 247,533 589,931 916,740
--------- ---------- ---------- ----------
Total cost of
revenue 806,097 465,596 2,139,831 1,568,589
Gross profit 1,205,675 847,715 3,185,442 2,406,499
--------- ---------- ---------- ----------
Operating
expenses
Selling, general
and
administrative 1,473,885 1,532,152 4,316,089 4,724,357
Professional
fees 193,611 216,082 595,056 843,910
Acquisition
costs 18,979 77,525 122,266 285,532
Impairement of
goodwill and
intangible
assets 4,678 3,762,579 4,678 3,952,516
--------- ---------- ---------- ----------
Total operating
expenses 1,691,153 5,588,338 5,038,089 9,806,315
--------- ---------- ---------- ----------
Loss from
operations (485,478) (4,740,623) (1,852,647) (7,399,816)
--------- ---------- ---------- ----------
Other income
(expense)
Equity method
income 657 2,826 (5,560) 14,921
Dividend income 5,844 94 5,844 1,610
Interest income
(expense), net (20,126) 10,231 (60,564) 68,989
Other income 1,344 (5,687) 2,934 2,937
Impairment of
investments - - - -
Loss on sale of
asset - - - -
--------- ---------- ---------- ----------
Total other
income (12,281) 7,464 (57,346) 88,457
--------- ---------- ---------- ----------
Loss before
income taxes (497,759) (4,733,159) (1,909,993) (7,311,359)
Income tax
(provision)
benefit - - - -
Net loss (497,759) (4,733,159) (1,909,993) (7,311,359)
Net loss
attributable to
noncontrolling
interest 8,043 - 9,961 -
--------- ---------- ---------- ----------
Net loss
attributable to
Onfolio
Holdings Inc. (489,716) (4,733,159) (1,900,032) (7,311,359)
Preferred
Dividends (87,720) (54,231) (253,833) (155,500)
Net loss to
common
shareholders $ (577,436) $(4,787,390) $(2,153,865) $(7,466,859)
========= ========== ========== ==========
Net loss per
common
shareholder
Basic and
diluted $ (0.11) $ (0.94) $ (0.42) $ (1.46)
========= ========== ========== ==========
Weighted
average shares
outstanding
Basic and
diluted 5,127,395 5,110,195 5,114,767 5,110,195
========= ========== ========== ==========
The accompanying notes are an integral part of these
consolidated financial statements
Onfolio Holdings, Inc.
Consolidated Statements of Stockholders' Equity
For the Three and Six Months Ended June 30, 2024 and
2023
(Unaudited)
Preferred Stock, Common Stock, Accumulated
$0.001 Par value $0.001 Par Value Additional Accumulated Other Non Stockholders'
----------------- -----------------
Paid-In Comprehensive Controlling
Shares Amount Shares Amount Capital Deficit Income Interest Equity
------- -------- --------- ------ ------------ ------------- --------------- ------------- -----------------
Balance,
December 31,
2023 92,260 $ 93 5,107,395 $5,108 $21,107,311 $(15,952,609) $ 182,465 $ - $ 5,342,368
- - - - - -
Acquisition of
Business 17,000 17 - - 484,983 - - 126,000 611,000
Sale of
preferred stock
for cash 400 - - - 10,000 - - - 10,000
Stock-based
compensation - - - - 17,887 - - - 17,887
Warrants issued
for acquisition - - - - - - - -
Preferred
dividends - - - - - (81,645) - - (81,645)
Foreign currency
translation - - - - - - (39,134) - (39,134)
Net loss - - - - - (629,833) - (664) (630,497)
------- ---- --------- ----- ---------- ----------- --- --------- -------- ----------
Balance, March
31, 2024 109,660 110 5,107,395 5,108 21,620,181 (16,664,087) 143,331 125,336 5,229,979
- - - - - -
Acquisition of
Business 8,000 8 - - 199,992 - - 200,000 400,000
Stock-based
compensation - - - - 27,510 - - - 27,510
Common stock
issued for
exercise of
options - - 20,000 20 (20) - - - -
Preferred
dividends - - - - - (84,468) - - (84,468)
Foreign currency
translation - - - - - - 15,788 15,788
Distribution to
non-controlling
interest (3,600) (3,600)
Net loss - - - - - (780,483) - (1,254) (781,737)
------- ---- --------- ----- ---------- ----------- --- --------- -------- ----------
Balance, June
30, 2024 117,660 $ 118 5,127,395 $5,128 $21,847,663 $(17,529,038) $ 159,119 $ 320,482 $ 4,803,472
======= ==== ========= ===== ========== =========== === ========= ======== ==========
Proceeds from
sale of
Preferred
Stock 400 - - - 10,000 - - - 10,000
Cash received
from exercise
of options - - - - 12,960 - - - 12,960
Stock-based
compensation - - - - 6,638 - - - 6,638
Preferred
dividends - - - - - (87,720) - - (87,720)
Foreign currency
translation - - - - - - (5,428) (5,428)
Distribution to
non-controlling
interest (7,800) (7,800)
Net loss - - - - - (489,716) - (8,043) (497,759)
------- ---- --------- ----- ---------- ----------- --- --------- -------- ----------
Balance,
September 30,
2024 118,060 $ 118 5,127,395 $5,128 $21,877,261 $(18,106,474) $ 153,691 $ 304,639 $ 4,234,363
(MORE TO FOLLOW) Dow Jones Newswires
November 15, 2024 09:00 ET (14:00 GMT)
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