HWNI · As filed with the SEC
High Wire Networks income statement, by fiscal year
The statement as High Wire Networks presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Revenue | 8,378,708 | 26,992,550 | 55,049,441 | 27,206,689 |
| Operating expenses: | ||||
| Cost of revenue | 5,854,228 | 20,293,751 | 41,493,916 | 19,013,428 |
| Depreciation and amortization | — | — | — | 506,364 |
| Depreciation and amortization | 794,838 | 844,457 | 1,333,768 | — |
| Salaries and wages | — | 9,095,874 | 15,360,001 | 6,901,236 |
| Salaries and wages | 4,608,148 | — | — | — |
| General and administrative | 4,468,327 | 7,079,206 | 8,696,820 | 4,460,090 |
| Total operating expenses | — | — | — | 30,881,118 |
| Goodwill impairment charge | 1,207,234 | 2,243,820 | 11,826,894 | — |
| Intangible asset impairment charge | — | 438,374 | — | — |
| Total operating expenses | — | 39,995,482 | — | — |
| Total operating expenses | 16,932,775 | — | 78,711,399 | — |
| Loss from operations | (8,554,067) | (13,002,932) | (23,661,958) | (3,674,429) |
| Other income (expense): | ||||
| Interest expense | — | — | (1,344,572) | (538,279) |
| Loss on settlement of debt | — | — | — | (6,251,954) |
| Loss on settlement of debt | — | — | (260,932) | — |
| Amortization of discounts on convertible debentures and loans payable | — | — | (3,196,589) | (777,953) |
| Amortization of premiums on convertible debentures and loans payable to related parties | — | — | 1,031,353 | 837,974 |
| Gain (loss) on change in fair value of derivatives | — | — | 6,445,531 | (166,188) |
| Interest expense | — | (2,458,263) | — | — |
| Amortization of debt discounts | — | (1,113,589) | — | — |
| Interest expense | (1,163,178) | — | — | — |
| Amortization of debt discounts | (997,379) | — | — | — |
| Gain on change in fair value of derivative liabilities | — | 3,140,404 | — | — |
| Gain on extinguishment of derivatives | — | 1,692,232 | — | — |
| Liquidated damages related to escrow shares | — | (1,222,000) | — | — |
| Warrant expense | — | (484,818) | — | — |
| Warrant expense | (228,997) | — | — | — |
| Gain on sale of asset | — | 204,081 | — | — |
| Gain on change in fair value of warrant liabilities | 266,393 | 67,465 | — | — |
| Exchange loss | (35,401) | (8,368) | (7,549) | (3,558) |
| Initial derivative expense | — | — | — | (4,750,064) |
| Loss on settlement of warrants | — | — | — | (127,973) |
| Initial derivative expense | — | — | (1,289,625) | — |
| Gain (loss) on settlement of warrants | — | — | 176,735 | — |
| Management fee income | — | — | — | 625,487 |
| Gain on PPP loan forgiveness | — | — | 2,000,000 | 873,734 |
| Gain (loss) on settlement of debt | (180,622) | — | — | — |
| Other income | — | 37,500 | 281,132 | 275,573 |
| Gain on extinguishment of warrant liabilities | 921,422 | — | — | — |
| Penalty fee | (100,000) | — | — | — |
| Other (expense) income | (50,000) | — | — | — |
| Total other (expense) | (1,567,762) | (145,356) | 3,835,484 | (10,003,201) |
| Net loss from continuing operations before income taxes | (10,121,829) | (13,148,288) | (19,826,474) | (13,677,630) |
| Net loss from continuing operations | (10,121,829) | (13,148,288) | (19,826,474) | (13,677,630) |
| Net loss from discontinued operations, net of tax | — | (1,337,712) | 662,899 | 675,355 |
| Less: net loss from discontinued operations attributable to noncontrolling interest | — | — | 128,487 | (337,677) |
| Net loss attributable to High Wire Networks, Inc. | — | — | (19,035,088) | (13,339,952) |
| Less: deemed dividend - Series D preferred stock modification | — | — | — | (5,852,000) |
| Net loss attributable to High Wire Networks, Inc. common shareholders | — | — | (19,035,088) | (19,191,952) |
| Net loss from continuing operations (in Dollars per share) | — | — | (0.29) | — |
| Net income from discontinued operations, net of taxes (in Dollars per share) | — | — | 0.01 | — |
| Net loss per share (in Dollars per share) | — | — | (0.28) | — |
| Net income (loss) from discontinued operations, net of tax | 9,737,003 | — | — | — |
| Net loss attributable to High Wire Networks, Inc. common shareholders | (384,826) | (14,486,000) | — | — |
| Income (loss) per share attributable to High Wire Networks, Inc. common shareholders, basic and diluted: | ||||
| Net loss from continuing operations (in Dollars per share) | (10.51) | (0.06) | — | (1.04) |
| Net loss from discontinued operations, net of taxes (in Dollars per share) | — | (0.01) | — | — |
| Net income (loss) from discontinued operations, net of taxes (in Dollars per share) | 10.11 | — | — | 0.04 |
| Net income (loss) per share (in Dollars per share) | (0.40) | (0.06) | — | (1.00) |
| Weighted average common shares outstanding basic (in Shares) | 963,097 | 226,708,549 | 68,713,880 | 19,146,572 |
| Weighted average common shares outstanding diluted (in Shares) | 963,097 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.
Data on this page was fetched . The filing on SEC.gov is the record.