Income Statement

v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 11,557,011 $ 3,870,110
Cost of Revenue 5,516,280 1,271,729
Gross profit 6,040,731 2,598,381
Operating expenses    
Sales and marketing 2,025,460 1,000,064
Distribution costs 2,487,834 111,833
General and administrative expenses 2,498,869 1,582,432
Share-based compensation 927,326 626,838
Amortization of acquired intangible assets 880,896 68,834
Depreciation 194,497 87,506
Total operating expenses 9,014,882 3,477,507
Loss from operations (2,974,151) (879,126)
Other expense (income), net    
Change in derivative liability (1,770) 0
Interest expense, net 435,829 15,538
Other expense (income), net 434,059 15,538
Loss from operations before income tax (3,408,210) 894,664
(Loss) income from discontinued operations 45,511 1,147,472
Income tax benefit 708,201 258,903
Net (loss) income from continuing operations (2,745,520) 511,711
Net loss attributable to noncontrolling interest (148,005) 0
Net (loss) income attributable to Upexi, Inc. $ (2,597,515) $ 511,711
Basic (loss) income per share:    
(Loss) income per share from continuing operations $ (0.16) $ 0.03
(Loss) income per share from discontinued operations (0.00) 0.07
Total (loss) income per share (0.16) 0.03
Diluted (loss) income per share:    
(Loss) income per share from continuing operations (0.16) 0.03
(Loss) income per share from discontinued operations (0.00) 0.07
Total (loss) income per share $ (0.16) $ 0.03
Basic weighted average shares outstanding 16,713,345 15,452,453
Fully diluted weighted average shares outstanding 16,713,345 17,220,564

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