| Summary Of Operating Financial Results Of Our Freeze-dried Candy Segment |
The following table provides the operating financial results of our freeze-dried candy segment for the three and nine months ended September 30, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Revenues |
|
$ |
1,553,138 |
|
|
$ |
3,554,157 |
|
|
$ |
5,886,372 |
|
|
$ |
30,608,526 |
|
Less: Significant other segment expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Cost of goods sold |
|
|
10,500,626 |
|
|
|
2,998,171 |
|
|
|
13,860,846 |
|
|
|
16,415,970 |
|
Salaries and benefits |
|
|
1,826,918 |
|
|
|
1,875,908 |
|
|
|
5,701,187 |
|
|
|
6,350,038 |
|
Professional services |
|
|
97,553 |
|
|
|
320,289 |
|
|
|
548,106 |
|
|
|
1,382,393 |
|
Other general and administrative expenses |
|
|
1,712,505 |
|
|
|
1,607,844 |
|
|
|
4,832,623 |
|
|
|
3,879,350 |
|
Depreciation and amortization |
|
|
8,584 |
|
|
|
8,583 |
|
|
|
25,751 |
|
|
|
23,060 |
|
Loss on impairment of long-lived assets |
|
|
24,690 |
|
|
|
- |
|
|
|
24,690 |
|
|
|
- |
|
Interest expense, net |
|
|
93,274 |
|
|
|
185,586 |
|
|
|
361,747 |
|
|
|
1,199,789 |
|
Loss on early extinguishment of debt |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
696,502 |
|
Gain on termination of leases |
|
|
(1,775,528 |
) |
|
|
- |
|
|
|
(1,775,528 |
) |
|
|
- |
|
Income tax expense (benefit) |
|
|
- |
|
|
|
(62,315 |
) |
|
|
- |
|
|
|
195,603 |
|
Segment net income (loss) |
|
$ |
(10,935,484 |
) |
|
$ |
(3,379,909 |
) |
|
$ |
(17,693,050 |
) |
|
$ |
465,821 |
|
|