Toughbuilt Industries, Inc Income Statement

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Financial Statements

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

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Revenues, net of allowances
Metal Goods
Soft Goods
Electronic Goods
Total revenues, net of allowances
Cost of goods sold
Metal Goods
Soft Goods
Metal Goods
Soft Goods
Electronic Goods
Total cost of goods sold

Gross profit
Operating expenses:
Selling, general and administrative
Litigation expense
Impairment of property and equipment
Research and development
Total operating expenses
Loss from operations
Other income (expense)
Change in fair value of warrant derivative
Loss on exchange transaction
Inducement expense
Interest expense
Total other income (expense)
Warrant issuance cost
Total other income
Net loss before provision for income tax
Net loss
Redemption of Series D Preferred Stock deemed dividend
Common stock deemed dividend
Net loss attributable to common stockholders
Basic and diluted net loss per share attributed to common stockholders
Weighted Average Number of Shares Outstanding - Basic and Diluted
Basic net loss per share attributed to common stockholders (in Dollars per share)
Diluted net loss per share attributed to common stockholders (in Dollars per share)
Weighted average number of shares outstanding - Basic (in Shares)
Weighted average number of shares outstanding - Diluted (in Shares)

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