Xtreme One Entertainment Inc

OTC Pink - Current Information:XONIUnited States

Nov 14, 2024

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• Xtreme One Entertainment Announces Third Quarter 2024 Financial Results, from 4:30PM ET on Thursday Nov 14, 2024 by Dow Jones

  4:30PM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: XONI
  ----------- ----------- ----------- ----------- Total revenues 69,697 15,000 157,060 45,000 ----------- ----------- ----------- ----------- Operating Expenses Cost of revenues 349,173 10,500 1,508,561 31,500 General and administrative 703,306 - 1,625,426 28,775 ----------- ----------- ----------- ----------- Total operating expenses 1,052,479 10,500 3,133,987 60,275 ----------- ----------- ----------- ----------- (Loss)/income before other expenses (982,782) 4,500 (2,976,927) (15,275) ----------- ----------- ----------- ----------- Other (expense) Derivative loss (480,911) (679,632) - Interest expense-Related party (59,404) (108,101) - Interest expense (19,225) - (57,152) - ----------- ----------- ----------- ----------- Total other (559,540) - (844,885) - ----------- ----------- ----------- ----------- (Loss)/income before income taxes (1,542,322) 4,500 (3,821,812) (15,275) Income taxes - - - - ----------- ----------- ----------- ----------- Net (loss)/income $ (1,542,322) $ 4,500 $ (3,821,812) $ (15,275) =========== =========== =========== =========== (Loss)/income per share-Basic and diluted $ (0.01) $ 0.00 $ (0.03) $ (0.00) =========== =========== =========== =========== Weighted average shares outstanding Basic and diluted 136,888,651 102,073,434 134,882,376 102,073,434 =========== =========== =========== =========== XTREME ONE ENTERTAINMENT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS ($000's omitted) Nine Months Ended September 30, ------------------------- 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) $(3,821,812) $(15,275) Adjustments to reconcile net (loss) to net cash used in operating activities: Derivative loss 679,632 - Cancel Preferred Stock C - (185) Issuance of common stock for services 77,420 - Payment of debt with common stock 11,750 - Changes in assets and liabilities: (Increase) in accounts receivable (30,020) (45,000) (Increase) in inventory (9,193) (Increase) in prepaid expenses (38,125) - Increase in accounts payable and accrued expenses 534,134 50,460 Increase in accounts payable and accrued expenses-Related party 1,178,580 Note payable-related party 1,564,635 10,000 Increase in derivative liability - - ---------- ------- Net cash provided by operating activities 147,001 - ---------- ------- Net increase in cash 147,001 - CASH AT BEGINNING PERIOD - - ---------- ------- CASH AT END OF PERIOD $ 147,001 $ - ========== ======= SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest $ - $ - ========== ======= Cash paid for income taxes $ - $ - ========== ======= Payment of debt with common stock $ 11,750 $ - ========== ======= Change in fair value of derivative liability $ 679,632 $ - ========== ======= Issuance of common stock for services $ 77,420 $ - ========== =======