UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 7.01. Regulation FD Disclosure.
On March 27, 2024 Clubhouse Media Group (the “Company”) announced a financial summary from the 10-K, filed on March 22, 2024 with the Securities and Exchange Commission, comparing key financial results from the fiscal year ended in 2023 to key financial results from the fiscal year ended in 2022, including: total net revenue increase of 46.82% to $1,495,145, compared to $1,018,342; operating expenses decrease of 37.07% to $1,285,182 compared to $2,042,205; operating loss decrease of 57.67% to $761,507 compared to $1,799,180; gross profit margin increased to 35.02%, compared to 23.86%; and, total liabilities decreased 10.42% to $7,992,763, compared to $8,921,990.
The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit | ||
| Number | Description | |
99.1 |
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: March 27, 2024 | CLUBHOUSE MEDIA GROUP, INC. | |
| By: | /s/ Amir Ben-Yohanan | |
| Amir Ben-Yohanan | ||
| Chief Executive Officer | ||