Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 17,940,370 $ 21,620,153
Cost of sales 12,172,374 14,598,745
Gross profit 5,767,996 7,021,408
Operating expenses:    
Impairment loss 219,707 0
Selling, general and administrative expenses (related party of $554,410 and $300,000) 14,206,761 6,117,421
Total operating expenses 14,426,468 6,117,421
Operating (loss) income (8,658,472) 903,987
Other income (expense)    
Income from legal claims 27,607,776 0
Interest expense (related party of $1,360,623 and $1,570,446) (1,362,401) (1,570,446)
Loss on change in fair value of profit share (11,209,677) (801,517)
Loss on investment 0 (95,500)
Total other income (expense) 15,035,698 (2,467,463)
Income (loss) before provision for income taxes 6,377,226 (1,563,476)
Provision for income taxes (473,213) (18,000)
Net income (loss) $ 5,904,013 $ (1,581,476)
Basic & Diluted income (loss) per share    
Basic net income (loss) per share $ 0.06 $ (0.02)
Diluted net income (loss) per share $ 0.06 $ (0.02)
Weighted average common shares outstanding    
Basic 94,171,695 90,025,209
Diluted 97,452,397 90,025,209