Income Statement
v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Revenue | ||||
| Revenue | $ 4,005,492 | $ 7,462,880 | $ 8,362,007 | $ 15,737,570 |
| Cost of Revenue | 1,031,386 | 2,895,838 | 2,457,833 | 5,741,039 |
| Gross profit | 2,974,106 | 4,567,042 | 5,904,174 | 9,996,531 |
| Operating expenses | ||||
| Sales and marketing | 949,963 | 1,486,274 | 1,991,388 | 3,302,976 |
| Distribution costs | 1,276,422 | 2,500,212 | 2,732,147 | 4,632,104 |
| General and administrative expenses | 1,548,590 | 1,584,339 | 2,916,280 | 3,162,689 |
| Share-based compensation | 32,578 | 330,584 | 173,876 | 752,471 |
| Amortization of acquired intangible assets | 19,190 | 658,858 | 38,380 | 1,317,716 |
| Depreciation | 220,562 | 317,723 | 460,467 | 595,336 |
| Lease impairment, Delray Beach facility | 0 | 289,969 | 0 | 289,969 |
| Total operating expenses | 4,047,305 | 7,167,959 | 8,312,538 | 14,053,261 |
| Loss from operations | (1,073,199) | (2,600,917) | (2,408,364) | (4,056,730) |
| Other income (expense), net | ||||
| Other | 0 | (9,879) | 0 | (19,687) |
| Interest (expense) income, net | (228,111) | (1,032,333) | (518,523) | (1,875,808) |
| Other income (expenses), net | (228,111) | (1,042,212) | (518,523) | (1,895,495) |
| Loss on operations before income tax | (1,301,310) | (3,643,129) | (2,926,887) | (5,952,225) |
| Income tax benefit (expense) | 0 | 694,807 | 0 | 1,167,174 |
| Total Income Taxn Expense Benefit | 0 | 694,807 | 0 | 1,167,174 |
| Net loss from continuing operations | (1,301,310) | (2,948,322) | (2,926,887) | (4,785,051) |
| Gain (loss) from the sale of: Interactive Offers | 0 | (39,691) | 0 | 340,933 |
| Total Gain from the sale of Interactive Offers | 0 | (39,691) | 0 | 340,933 |
| Income (loss) on discontinued operations | ||||
| Interactive offers | 0 | 0 | 0 | (193,040) |
| VitaMedica | 0 | 88,524 | 0 | 157,930 |
| E-core | 0 | 460,570 | 0 | 684,921 |
| Income (loss) income from discontinued operations | 0 | 549,094 | 0 | 649,811 |
| Net income (loss) attributable to Upexi, Inc. | $ (1,301,310) | $ (2,438,919) | $ (2,926,887) | $ (3,794,307) |
| Basic income (loss) per share: | ||||
| Income (loss) per share from continuing operations | $ (1.24) | $ (3) | $ (2.80) | $ (4.72) |
| (Loss) income per share from discontinued operations | 0 | 1 | 0 | 0.64 |
| Total income (loss) per share attributable to Upexi shareholders | (1.24) | (2) | (2.80) | (3.74) |
| Diluted income (loss) per share: | ||||
| Income (loss) per share from continuing operations | (1.24) | (3) | (2.80) | (4.72) |
| (Loss) income per share from discontinued operations | 0 | 1 | 0 | 0.64 |
| Total income (loss) per share attributable to Upexi shareholders | $ (1.24) | $ (2) | $ (2.80) | $ (3.74) |
| Basic weighted average shares outstanding | 1,045,429 | 1,015,344 | 1,045,429 | 1,013,787 |
| Fully diluted weighted average shares outstanding | 1,045,429 | 1,015,344 | 1,045,429 | 1,013,787 |
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of loss from impairment of right-of-use asset from operating lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to the production and distribution of goods or services to customers and clients. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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