$BRLSW
Borealis Foods Inc.
CIK:0001852973|SEC Filings
Consolidated Statements of Operations - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
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| Income Statement [Abstract] | ||||
| Gross sales | $ 31,475,628 | $ 29,100,391 | ||
| Sales discounts & allowances | (1,396,057) | (1,431,497) | ||
| Revenue, net | 30,079,571 | 27,668,894 | ||
| Cost of goods sold | 24,726,916 | 23,155,766 | ||
| Depreciation and amortization | 1,841,285 | 2,323,617 | ||
| Total cost of goods sold | 26,568,201 | 25,479,383 | ||
| Gross profit | 3,511,370 | 2,189,511 | ||
| Total sales, general & administrative expenses | 14,547,355 | 22,594,486 | ||
| Loss from operations | (11,035,985) | (20,404,975) | ||
| Other income (expense): | ||||
| Impairment loss | (2,007,438) | |||
| (Loss) gain on foreign exchange rates | (15,943) | 3,554 | ||
| Interest expense | (5,985,962) | (5,060,678) | ||
| Total other expense | (8,009,343) | (5,057,124) | ||
| Loss before income taxes | (19,045,328) | (25,462,099) | ||
| Income tax benefit | 66,710 | 134,901 | ||
| Net loss | $ (18,978,618) | $ (25,327,198) | ||
| Loss per share from net loss | ||||
| Basic (in Dollars per share) | $ (0.89) | $ (1.25) | ||
| Diluted (in Dollars per share) | [1] | $ (0.89) | $ (1.25) | |
| Weighted average shares outstanding | ||||
| Basic (in Shares) | 21,428,650 | 20,309,934 | ||
| Diluted (in Shares) | 21,428,650 | 20,309,934 | ||
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