Global Boatworks Holdings, Inc. Income Statement

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Financial Statements

In USD, except per-share amounts

	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015
Revenues
Rental Revenue
Total revenues
REVENUES
Vessel sales
Rental revenue
Total revenues
OPERATING EXPENSES
Cost of revenues, excluding depreciation shown below
GROSS MARGIN
Cost of vessel sold, excluding depreciation shown below
Cost of rental revenue, excluding depreciation shown below
General and administrative
Depreciation and amortization
Professional fees - related parties
Professional fees
Total operating expenses
Loss from operations

Interest income
Derivative expense
Change in fair value of derivative
Loss from operations
Other income (expense)
Other income
Interest expense
(Gain) loss on extinguishment of debt and debt conversions, net
(Gain) loss on extinguishment of debt and, debt conversions, net
Initial change in fair value of derivative
Impairment reserve
Total other (income) expense
Net loss
Loss per weighted average common share
Number of weighted average common shares outstanding - Basic and Diluted

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