Financialsexperimental
BRAIN SCIENTIFIC INC.. Every figure is as filed in the company's 10-Q and 10-K reports. Quarters a filing does not report on their own are worked out from its year-to-date figures and marked *.
USD (whole amounts) · shares (whole numbers) · per-share amounts in USD
| Income Statement | FY FY22 31 Dec 2022 | FY FY21 31 Dec 2021 |
|---|---|---|
| REVENUE | 214,564 | 265,747 |
| COST OF GOODS SOLD | 160,239 | 182,519 |
| GROSS PROFIT | 54,325 | 83,228 |
| Research and development | 301,907 | 329,452 |
| Professional fees | 626,578 | 818,698 |
| Sales and marketing expenses | 696,958 | 1,041,575 |
| Share-based compensation | 3,568,461 | 3,223,674 |
| General and administrative expenses | 4,468,828 | 3,326,306 |
| TOTAL OPERATING EXPENSES | 9,662,732 | 8,739,705 |
| LOSS FROM OPERATIONS | -9,608,407 | -8,656,477 |
| Interest expense | -844,855 | -467,849 |
| Amortization of debt discount | -2,760,515 | -89,787 |
| Goodwill impairment | -913,184 | |
| Other income | 7,252 | 1,110 |
| Gain on forgiveness of paycheck protection loan | 112,338 | |
| Change in fair market value of derivative liabilities | 1,573,792 | |
| Gain on settlement of debt | 201,097 | |
| Foreign currency transaction gain/(loss) | 962 | -21 |
| TOTAL OTHER INCOME (EXPENSE) | -2,735,451 | -444,209 |
| LOSS BEFORE INCOME TAXES | -12,343,858 | -9,100,686 |
| NET LOSS | -12,343,858 | -9,100,686 |
| Foreign currency translation adjustment | -15 | -3,990 |
| TOTAL COMPREHENSIVE LOSS | -12,343,873 | -9,104,676 |
| Basic (in Dollars per share) | -12.95 | -0.26 |
| Basic (in Shares) | 953,272 | 30,680,204 |