$DPLS

KLEVER MARKETING INC

CIK:0000866439|SEC Filings

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS UNAUDITED - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
REVENUES	$ 17,833	$ 50,913	$ 36,351	$ 191,931
COST OF REVENUES	5,848	9,271	16,619	113,188
GROSS PROFIT (LOSS)	11,985	41,642	19,732	78,743
OPERATING EXPENSES:
Selling, general and administrative	213,352	289,843	340,483	434,668
Salaries, wages and payroll taxes	225,053	236,195	451,304	473,200
Professional fees	37,049	59,955	67,953	107,228
Depreciation and amortization	12,757	19,547	25,514	49,558
Bad debt expense	0	0	0	0
Impairment expense	0	0	0	0
Loss/(Gain) on partial extinguishment of debt	0	0	4,234	0
TOTAL OPERATING EXPENSES	488,211	605,540	889,488	1,064,654
OPERATING LOSS	(476,226)	(563,898)	(869,756)	(985,911)
OTHER INCOME (EXPENSE):
Interest expense	(157,692)	(23,427)	(136,298)	(31,428)
Loss on convertible notes	67,385	0	67,385	0
Change in fair market of derivative liabilities	(212,766)	(90,103)	(86,588)	(90,103)
Loss on equity investment	0	0	0	0
Gain (loss) on the forgiveness of debt	(126,420)	0	(126,420)	181,055
Loss on Exceptional Costs	0	0	0	(18,772)
Loss on Disposal of Asset	0	(86,382)	0	(86,382)
Foreign currency exchange rate variance	0	737	0	(1,876)
TOTAL OTHER INCOME (EXPENSE)	(429,493)	(199,175)	(281,921)	(47,506)
Net loss from continuing operations	(905,719)	(2,416,706)	(1,151,677)	(2,953,104)
Deferred tax expense	0	0	0	0
NET LOSS	(905,719)	(763,073)	(1,151,677)	(1,033,417)
Net loss attributable to non-controlling interests	4,973	4,195	6,166	7,749
Net loss attributable to Darkpulse, Inc.	$ (900,746)	$ (758,878)	$ (1,145,511)	$ (1,025,668)
Net loss per share - basic	$ (0.01)	$ (0.13)	$ (0.01)	$ (0.02)
Net loss per share - diluted	$ (0.01)	$ (0.13)	$ (0.01)	$ (0.02)
Weighted average common shares outstanding - basic	144,789,146	67,753,139	120,385,841	61,931,639
Weighted average common shares outstanding - diluted	144,789,146	67,753,139	120,385,841	61,931,639
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation	$ (766,577)	$ 1	$ (772,036)	$ 1
COMPREHENSIVE LOSS	$ (1,672,296)	$ (763,072)	$ (1,923,713)	$ (1,033,416)

CONSOLIDATED STATEMENT OF CASH FLOWS UNAUDITED - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (1,151,677)	$ (1,033,417)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	25,514	49,558
Gain on forgiveness of payables and liabilities	(120,420)	181,055
Change in fair market of derivative liabilities	86,586	82,039
Loss on notes payable convertible option	67,385	0
Issuance of common stock for legal settlement	0	0
Amortization of debt discount	31,834	0
Bad debt expense	0	0
Exceptional Costs gain	0	25,260
Gain on partial extinguishment of debt	0	0
Changes in operating assets and liabilities:
Accounts receivable	(9,475)	(37,228)
Prepaid expenses and other assets	6,227	64,304
Accounts payable and accrued expenses	242,579	1,239,116
Operating lease liabilities, net	0	(527,409)
Other current liabilities	27,546	1,678
Other assets	5,486	449,556
Other liabilities	(1)	0
Net cash provided (used) in operating activities	(788,416)	494,513
Cash flows from investing activities:
Proceeds (purchases) of property and equipment	0	106,071
Investment in joint venture	0	0
Issuance of note receivable, related party	0	0
Intangible - License	(15,000)	0
Net cash provided (used) in investing activities	(15,000)	106,071
Cash flows from financing activities:
Issuance of common stock, net of fees	577,136	837,044
Proceeds from convertible notes	230,000	11,135
Net repayments of loan payable	(184,496)	(384,917)
Net cash provided (used) by financing activities	622,641	463,262
Net change in cash	(180,775)	1,063,845
Effect of exchange rate on cash	201,170	(1,048,242)
Cash at beginning of year	62,786	86,531
Cash at end of year	83,182	102,134
Supplemental disclosure of cash flow information:
Cash paid for interest	5,718	8,863
Cash paid for income taxes	0	0
Non-cash financing and investing activities:
Conversion of convertible debt	208,105	0
Partial extinguishment of loan payable	$ 97,006	$ 0

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 83,182	$ 62,786
Accounts receivable, net	428,687	419,212
Prepaid expenses and other current assets	55,718	61,946
TOTAL CURRENT ASSETS	567,587	543,944
NON-CURRENT ASSETS:
Property and equipment, net	546,355	546,447
Intangible assets, net	15,000	0
Patents, net	126,093	151,607
Other assets, net	120,446	125,932
TOTAL NON-CURRENT ASSETS	807,894	823,986
TOTAL ASSETS	1,375,481	1,367,930
CURRENT LIABILITIES:
Accounts payable and accrued expenses	18,855,430	18,643,326
Notes payable, current	209,600	181,000
Derivative liability	402,685	316,099
Loan payable, current	359,739	359,805
Loan payable, related party	363,046	365,622
Secured debenture, current	264,188	273,225
Operating lease liabilities - current	0	0
Other current liabilities	160,774	126,063
TOTAL CURRENT LIABILITIES	20,615,462	20,265,141
NON-CURRENT LIABILITIES:
Secured debenture	216,893	341,532
Loan payable	184,410	281,416
TOTAL NON-CURRENT LIABILITIES	401,303	622,948
TOTAL LIABILITIES	21,016,764	20,888,089
Commitments and contingencies
STOCKHOLDERS' DEFICIT:
Common stock, par value $0.0001, 20,000,000,000 shares authorized, 195,023,188 and 90,904,606 shares issued as of June 30, 2026 and December 31, 2025, respectively,	19,502	9,090
Treasury stock at cost, 500 shares at June 30, 2026 and December 31, 2025	(1,000)	(1,000)
Additional paid-in capital	54,909,951	53,898,122
Common Stock to be issued	1,757,355	1,950,123
Non-controlling interests	1,242,072	1,248,238
Accumulated other comprehensive income (loss)	(2,198,043)	(2,399,122)
Accumulated deficit	(75,372,004)	(74,226,493)
TOTAL STOCKHOLDERS' DEFICIT	(19,641,283)	(19,520,159)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	1,375,481	1,367,930
Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT:
Preferred stock, value	1	1
Series D Convertible Preferred Stock [Member]
STOCKHOLDERS' DEFICIT:
Preferred stock, value	$ 883	$ 883