Progressive Care Inc. Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Operations

In millions of USD; shares in millions, except per-share amounts

	FY2023 9 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2011 12 months to Dec 31, 2011
Sales - net
Revenues, net
Product
Service
Total revenues, net
Costs of revenue
Product
Service
Total costs of revenue
Gross profit
Operating expenses:
Salaries and wages
Professional fees
Depreciation and amortization
Selling, general, and administrative
Bad debt (recovery) expense
Goodwill impairment
Total operating expenses
(Loss) income from operations
Other income (expense):
Forgiveness of accrued interest - former related party
Loss on sale of equipment
Loss from change in fair value of the derivative warrant liability
Change in fair value of derivative liabilities
Gain on debt extinguishment
Grant revenue
Debt conversion expense
Other finance costs
Abandoned offering costs
Day one loss on issuance of units
Day one loss on debt modification
Gain (loss) on disposal of fixed assets
Gain on sale or disposal of property and equipment
Interest income
Interest expense
Total other income (expense)

Loss from continuing operations before provision for income taxes
Loss before income taxes
Provision for income taxes
Loss from continuing operations
Loss from discontinued operations - net of tax
Gain on disposition of subsidiary - net of tax
Gain from discontinued operations - net of income taxes
Continuing operations
Discontinued operations
Net loss per share
Weighted average number of common shares outstanding during the year/period - basic and diluted
Net loss
Series A Preferred Stock dividend associated with induced conversion
Series A Preferred Stock
Total series A Preferred Stock dividend associated with induced conversion
Net loss attributable to common shareholders
Basic and diluted weighted average loss per common share (in dollars per share)
Diluted weighted average (loss) earnings per common share
Weighted average number of common shares outstanding during the period – basic and diluted (in shares)
Diluted weighted average common shares outstanding

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