SEGMENT REPORTING

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 20 – SEGMENT REPORTING

Greenwave is organized into three operating segments based on our differentiated products – Scrap Metal Recycling, Hauling, and Other (primarily comprised of rental income).

We have one reportable geographic segment: the United States of America as all of our scrap metal is sourced domestically.

Our CODM, Danny Meeks, Chairman and CEO, evaluates performance on an operating segment basis, as well as a consolidated basis, based on revenues and operating cashflows. This measure is used by our CODM, management, investors, lenders and other external users of our financial statements to assess our operating performance and to compare operating performance to other companies in the metal recycling industry. Our CODM utilizes segment profit and loss in assessing segment performance and allocating resources.

The following tables provide our results by segment: 

	Year Ended December 31, 2024
	Scrap Metal Recycling			Hauling			Other		Total
Revenues	$	23,296,239		$	9,881,820		$	137,800	$	33,315,859
Cost of revenues		(14,508,923	)		(5,817,458	)		-		(20,326,381	)
Gross Profit:	$	8,787,316		$	4,064,362		$	137,800	$	12,989,478
Operating Expenses									$	(47,251,411	)
Other Income										10,344,580
Deemed Dividends										(76,528,836	)
Net loss available to common shareholders									$	(100,446,189	)

	Year Ended December 31, 2023
	Scrap Metal Recycling			Hauling			Other			Total
Revenues	$	25,350,883		$	10,156,938		$	160,161		$	35,667,982
Cost of revenues		(16,154,529	)		(4,996,871	)		(33,179	)		(21,184,579	)
Gross Profit:	$	9,196,354		$	5,160,067		$	126,982		$	14,483,403
Operating Expenses										$	(33,998,165	)
Other Loss											(7,421,228	)
Deemed Dividends											(6,661,152	)
Net loss available to common shareholders										$	(33,597,142	)