DeFi Development Corp.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
DFDV$3.43+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| Revenues | $2,099,660 | $2,003,155 |
| Operating expenses: | ||
| Cost of revenues (exclusive of depreciation and amortization) | 31,897 | - |
| Sales and marketing | 1,496,640 | 1,975,219 |
| Research and development | 654,803 | 792,131 |
| General and administrative | 2,612,603 | 2,639,785 |
| Depreciation and amortization | 223,982 | 912 |
| Impairment expense | 83,219 | - |
| Total operating expenses | 5,103,144 | 5,408,047 |
| Loss from operations | (3,003,484) | (3,404,892) |
| Other income (expense): | ||
| Change in fair value of future equity obligations | - | (119,826) |
| Change in fair value of marketable securities | 114,385 | - |
| Interest income | 156,020 | 140,720 |
| Other income | 6,295 | 10,204 |
| Total other income (expense) | 276,700 | 31,098 |
| Net loss | $(2,726,784) | $(3,373,794) |
| Weighted average common shares outstanding - basic and diluted | 1,395,040 | 1,056,447 |
| Net loss per common share - basic and diluted | $(1.95) | $(3.19) |
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