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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Consolidated Statements of Operations (Unaudited)        
Revenue, services $ 919,044 $ 433,490 $ 2,635,761 $ 1,121,641
Revenue, product sales 1,092,728 879,821 2,689,512 2,853,447
Total Revenue 2,011,772 1,313,311 5,325,273 3,975,088
Cost of revenue, services 625,676 218,063 1,549,900 651,849
Cost of revenue, product sales 180,421 247,533 589,931 916,740
Total cost of revenue 806,097 465,596 2,139,831 1,568,589
Gross profit 1,205,675 847,715 3,185,442 2,406,499
Operating expenses        
Selling, general and administrative 1,473,885 1,532,152 4,316,089 4,724,357
Professional fees 193,611 216,082 595,056 843,910
Acquisition costs 18,979 77,525 122,266 285,532
Impairment of goodwill and intangible assets 4,678 3,762,579 4,678 3,952,516
Total operating expenses 1,691,153 5,588,338 5,038,089 9,806,315
Loss from operations (485,478) (4,740,623) (1,852,647) (7,399,816)
Other income (expense)        
Equity method income (loss) 657 2,826 (5,560) 14,921
Dividend income 5,844 94 5,844 1,610
Interest income (expense), net (20,126) 10,231 (60,564) 68,989
Other income 1,344 (5,687) 2,934 2,937
Total other income (expense) (12,281) 7,464 (57,346) 88,457
Loss before income taxes (497,759) (4,733,159) (1,909,993) (7,311,359)
Income tax (provision) benefit 0 0 0 0
Net loss (497,759) (4,733,159) (1,909,993) (7,311,359)
Net loss attributable to noncontrolling interest 8,043 0 9,961 0
Net loss attributable to Onfolio Holdings Inc. (489,716) (4,733,159) (1,900,032) (7,311,359)
Preferred Dividends (87,720) (54,231) (253,833) (155,500)
Net loss to common shareholders $ (577,436) $ (4,787,390) $ (2,153,865) $ (7,466,859)
Net loss per common shareholder        
Basic and diluted $ (0.11) $ (0.94) $ (0.42) $ (1.46)
Weighted average shares outstanding        
Basic and diluted 5,127,395 5,110,195 5,114,767 5,110,195