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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenues        
Revenue $ 27,086,672 $ 4,983,557 $ 38,643,683 $ 8,853,667
Cost of Revenue 16,773,493 711,246 22,289,773 1,982,975
Gross profit 10,313,179 4,272,311 16,353,910 6,870,692
Operating expenses        
Sales and marketing 3,707,925 1,735,194 5,733,385 2,735,258
Distribution costs 3,575,545 821,630 6,063,379 933,463
General and administrative expenses 2,910,655 3,003,919 5,409,524 4,586,351
Share-based compensation 1,052,847 852,455 1,980,173 1,479,293
Amortization of acquired intangible assets 962,077 236,001 1,842,973 304,835
Depreciation 242,551 159,073 437,048 246,579
Total operating expenses 12,451,600 6,808,272 21,466,482 10,285,779
Loss from operations (2,138,421) (2,535,960) (5,112,572) (3,415,086)
Other income (expense), net        
Interest (expense) income, net (1,790,144) (48,541) (2,225,973) (41,994)
Change in derivative liability (3,540) 0 (1,770) 0
Gain on sale of Infusionz and select assets 7,564,363 0 7,564,363 0
Gain on SBA PPP loan extinguishment 0 0 0 300,995
Other income (expense), net 5,770,679 (48,541) 5,336,620 259,001
Income (loss) on operations before income tax 3,632,258 (2,584,501) 224,048 (3,156,085)
Income tax expense (755,253) 493,936 47,052 235,033
Net income (loss) from continuing operations 2,877,005 (3,078,437) 176,996 (3,391,118)
(Loss) income from discontinued operations (292,907) 2,820,190 (338,418) 3,967,662
Net loss attributable to non-controlling interest (85,581) 0 (233,586) 0
Net income (loss) attributable to Upexi, Inc. $ 2,669,679 $ (258,247) $ 72,164 $ 576,544
Basic income (loss) per share:        
Income (loss) per share from continuing operations $ 0.16 $ (0.32) $ 0.01 $ (0.22)
(Loss) income per share from discontinued operations (0.02) 0.29 (0.02) 0.26
Total income (loss) per share 0.16 (0.32) 0.01 (0.22)
Diluted income (loss) per share:        
Income (loss) per share from continuing operations 0.15 (0.32) 0.01 (0.20)
(Loss) income per share from discontinued operations (0.02) 0.29 (0.02) 0.23
Total income (loss) per share $ 0.15 $ (0.32) $ 0.01 $ (0.20)
Basic weighted average shares outstanding 17,540,427 9,755,663 17,126,886 15,452,453
Fully diluted weighted average shares outstanding 19,030,705 9,755,663 18,617,164 17,220,564