Stratum Holdings Corp.
For the period ended Dec 31, 2024. Filed Apr 15, 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 Apr 15, 2025
LRHC$0.76-15.4%Stored close · as of Oct 16, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $69,448,786 | $31,759,404 |
| Cost of revenue | 63,495,507 | 28,918,236 |
| Gross profit | 5,953,279 | 2,841,168 |
| Operating expenses: | ||
| Sales and marketing | 1,007,077 | 359,717 |
| General and administrative | 10,625,551 | 4,473,340 |
| Stock-based compensation — general and administrative | 4,730,355 | 5,100,474 |
| Impairment of goodwill | 787,438 | - |
| Total operating expenses | 17,150,421 | 9,933,531 |
| Loss from operations | (11,197,142) | (7,092,363) |
| Other income (expense) | ||
| Interest expense, net | (403,397) | (140,382) |
| Loss on extinguishment of debt | (777,558) | - |
| Amortization of debt discount | (649,138) | (1,016,644) |
| Change in fair value of derivative liability | (1,338,506) | 138,985 |
| Other income, net | 15,745 | 286,641 |
| Loss before provision for income taxes | (14,349,996) | (7,823,763) |
| Benefit from income taxes | — | — |
| Net loss | (14,349,996) | (7,823,763) |
| Less: Net income (loss) attributable to noncontrolling interests in subsidiaries | 97,567 | (5,326) |
| Net loss after noncontrolling interest in subsidiaries | (14,447,563) | (7,818,437) |
| Less: Deemed dividend | 1,476,044 | 1,472,514 |
| Net loss attributable to common stockholders | $(15,923,607) | $(9,290,951) |
| Loss per share of common stock attributable to common stockholders | ||
| Basic and diluted | $(0.79) | $(1.27) |
| Weighted average shares used in computing net loss per share of common stock attributable to common stockholders | ||
| Basic and diluted | 20,222,347 | 7,293,033 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.