XML 83 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 80,676,509 $ 23,065,344
Cost of Revenue 47,118,189 8,195,735
Gross profit 33,558,320 14,869,609
Operating expenses    
Sales and marketing 10,376,003 5,116,868
Distribution costs 12,369,903 2,214,322
General and administrative expenses 9,546,188 9,141,667
Share-based compensation 3,664,538 3,331,586
Amortization of acquired intangible assets 4,208,991 979,988
Depreciation 944,704 574,309
Operating expenses 41,110,327 21,358,740
Loss from operations (7,552,007) (6,489,131)
Interest (expense) income, net (4,761,903) (202,120)
Change in derivative liability 1,770 (3,293)
Loss on sale of Infusionz and select assets (2,212,542) 0
Impairment of Interactive Offers intangible assets (3,746,301) 0
Gain on sale of property and equipment 0 5,500
Lease impairment, California facility (200,512) 0
Gain on SBA PPP loan extinguishment 0 300,995
Other (expense) income, net (10,919,488) 101,082
Net loss before income tax (18,471,495) (6,388,049)
Income tax benefit 3,049,293 518,398
Net loss from continuing operations (15,422,202) (5,869,651)
(Loss) income from discontinued operations - Interactive Offers $ (1,729,636) $ (1,160,160)
(Loss) income from discontinued operations - Infusionz $ (338,418) $ 4,983,781
Net loss (income) attributable to non-controlling interest $ 559,967 $ (54,820)
Net (loss) income attributable to Upexi, Inc. $ (16,930,289) $ (2,100,850)
Basic income (loss) per share:    
Loss per share from continuing operations $ (0.86) $ (0.36)
Income per share from discontinued operations (0.10) (0.07)
Total income (loss) per share (0.96) (0.43)
Loss per share from continuing operations (0.86) (0.36)
Total income (loss) per share $ (0.96) $ (0.43)
Basic weighted average shares outstanding 17,877,959 16,224,520
Fully diluted weighted average shares outstanding 17,877,959 16,224,520