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 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | Year ended Dec 31, 2018 Year ended Dec 31, 2018 | Year ended May 31, 2017 Year ended May 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,378,708 | 26,992,550 | 55,049,441 | 27,206,689 | 18,677,444 | 34,010,597 | 34,549,157 | — |
| Operating expenses: | ||||||||
| Cost of revenue | 5,854,228 | 20,293,751 | 41,493,916 | 19,013,428 | 15,403,987 | 29,190,105 | 29,101,308 | — |
| Depreciation and amortization | — | — | — | 506,364 | — | — | — | — |
| Depreciation and amortization | 794,838 | 844,457 | 1,333,768 | — | 54,248 | 384,935 | 220,431 | — |
| Salaries and wages | — | 9,095,874 | 15,360,001 | 6,901,236 | 4,256,997 | 4,670,365 | 3,668,298 | — |
| Total operating expenses | — | — | — | — | — | 38,365,212 | 37,088,814 | — |
| Salaries and wages | 4,608,148 | — | — | — | — | — | — | — |
| General and administrative | 4,468,327 | 7,079,206 | 8,696,820 | 4,460,090 | 3,266,994 | 4,119,807 | 4,098,777 | — |
| Total operating expenses | — | — | — | — | 22,982,226 | — | — | — |
| 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) | (4,304,782) | (4,354,615) | (2,539,657) | — |
| 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) | — | — | (1,057,064) | (1,699,312) | (1,118,353) | — |
| Foreign exchange loss | — | — | — | — | — | (10,022) | — | — |
| Initial derivative expense | — | — | — | — | — | (116,638) | — | — |
| Gain on extinguishment of preferred stock liability | — | — | — | — | — | — | 285,855 | — |
| Non-Operating Income (Expense) | — | — | — | — | — | — | 577,299 | — |
| 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 | — | — | (662,968) | 1,843,935 | 3,581,071 | — |
| Default and debt extension fees | — | — | — | — | (120,903) | — | — | — |
| Foreign exchange loss | — | — | — | — | (3,991) | — | — | — |
| Gain on extinguishment of derivatives | — | 1,692,232 | — | — | (177,746) | — | — | — |
| Loss on return of common stock | — | — | — | — | (194,732) | — | — | — |
| 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) | (594,803) | — | — | — |
| 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) | — | — | — | (2,623,379) | 267,282 | 884,415 | — |
| Amortization of discounts on convertible debentures and loans payable | — | — | — | — | (651,129) | (1,560,657) | (2,768,706) | — |
| 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) | (6,086,715) | (1,275,412) | 1,441,581 | — |
| Net loss from continuing operations before income taxes | (10,121,829) | (13,148,288) | (19,826,474) | (13,677,630) | (10,391,497) | (5,630,027) | (1,098,076) | — |
| Provision for income taxes | — | — | — | — | 1,908 | 204,231 | 247,558 | — |
| Net loss from continuing operations | (10,121,829) | (13,148,288) | (19,826,474) | (13,677,630) | (10,393,405) | — | — | — |
| 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) | — | (5,834,258) | (1,345,634) | — |
| Less: net loss attributable to the non-controlling interest | — | — | — | — | — | — | 53,429 | — |
| 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) | (17,710,296) | (6,322,330) | (1,847,380) | — |
| Net loss from continuing operations (in Dollars per share) | — | — | — | — | (2.30) | (52.98) | (177.12) | — |
| Net loss on discontinued operations, net of taxes (in Dollars per share) | — | — | — | — | (1.62) | — | — | — |
| Net loss per share (in Dollars per share) | — | — | — | — | (3.92) | — | — | — |
| Weighted average common shares outstanding, basic and diluted: (in Shares) | — | — | — | — | 4,521,290 | 119,344 | 10,430 | — |
| 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 | — | — | — | (7,316,891) | — | — | — |
| Net loss attributable to High Wire Networks, Inc. common shareholders | (384,826) | (14,486,000) | — | — | (17,710,296) | (5,834,258) | (1,292,205) | — |
| Less: deemed dividend - Series A preferred stock modification | — | — | — | — | — | (488,072) | (191,261) | — |
| Less: preferred stock extinguishment | — | — | — | — | — | — | (363,914) | — |
| 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.