Sugarmade, Inc. Income Statement

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Financial Statements

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

	FY2022 12 months to Jun 30, 2022	FY2021 12 months to Jun 30, 2021	FY2020 12 months to Jun 30, 2020	FY2019 12 months to Jun 30, 2019	FY2018 12 months to Jun 30, 2018
Revenues, net
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Advertising and promotion expense
Marketing and research expense
Professional expense
Salaries and wages
Stock compensation expense
Total operating expenses
Loss from operations
Non-operating income (expense):
Other (expense) income
Gain in loss of control of VIE
Interest expense
Bad debts
Change in fair value of derivative liabilities
Warrant expense
Loss on impairment
Loss on settlement
Inventory loss
Loss on assets disposal
Amortization of intangible assets
Amortization of debt discount
Bad Debt
Gain on debt forgiveness
Other Income (Expense)
Debt forgiveness
Gain on debt conversion
Loss on asset disposal
Loss on inventory
Loss on deposits
Unrealized gain on securities
Total non-operating expenses, net

Equity method investment loss
Loss before income taxes
Net loss
Total comprehensive loss
Less: net loss attributable to the noncontrolling interest
Net loss attributable to SugarMade Inc.
Basic net loss per share
Diluted net loss per share
Weighted average basic and diluted loss per common share
Basic and diluted weighted average common shares outstanding

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