US Highland, Inc.
CIK:0001381871|SEC Filings
Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Income Statement [Abstract] | ||||||
| Revenue | $ 62,000 | $ 66,476 | ||||
| Cost of revenue | ||||||
| Gross Profit | 62,000 | 66,476 | ||||
| Operating Expenses | ||||||
| Compensation expense | 125,000 | 209,303 | 375,000 | 431,421 | ||
| Consulting fees | 30,000 | 90,000 | ||||
| Professional fees | 49,750 | 3,415 | 114,750 | 166,884 | ||
| General and administrative | 31,537 | 67,163 | 93,143 | 174,584 | ||
| Total Operating Expenses | 206,287 | 309,881 | 582,893 | 862,889 | ||
| Loss from Operations | (206,287) | (247,881) | (582,893) | (796,413) | ||
| Other Income (Expenses) | ||||||
| Interest expense | (169,369) | (666,774) | ||||
| Gain on new methodology for accounting for debt conversion features | ||||||
| Initial recognition of derivative liability | (32,429) | |||||
| Change in fair value of derivative liability | 41,646 | (580,189) | (272,834) | (149,909) | ||
| Total other income (expenses) | 41,646 | (749,558) | (272,834) | (849,112) | ||
| Loss before income taxes | (164,641) | (997,439) | (855,727) | (1,645,525) | ||
| Provision for income taxes | ||||||
| NET (Loss) Income | $ (164,641) | $ (997,439) | $ (855,727) | $ (1,645,525) | ||
| Net loss per common share – basic (in Dollars per share) | $ 0 | $ (0.03) | $ (0.01) | $ (0.05) | ||
| Net loss per common share – diluted (in Dollars per share) | $ 0 | $ (0.03) | $ (0.01) | $ (0.05) | ||
| Weighted average common shares – basic (in Shares) | [1] | 33,300,997 | 31,260,512 | |||
| Weighted average common shares diluted (in Shares) | [1] | 33,300,997 | 31,260,512 | |||
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