XML 125 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenues $ 73,686,733 $ 2,195,954 $ 12,139,500
Cost of revenue (72,532,882) (958,438) (5,782,664)
Gross profit 1,153,851 1,237,516 6,356,836
Operating expenses:      
Selling (7,677) (159,937) (315,600)
Research and development (2,570,158) (2,734,982) (11,233,806)
General and administrative expenses (13,766,487) (6,224,674) (31,335,421)
Impairment loss (13,693,305) (33,397) (14,632,931)
Total operating expenses (30,037,627) (9,152,990) (57,517,758)
(Loss)/Income from operations (28,883,776) (7,915,474) (51,160,922)
Other income (expense)      
Interest income 7 374 156,038
Interest expense (222,057) (133,882) (229,985)
Other finance expenses (62,025) (15,264) (65,344)
Other income (expense), net 66,205 39,080 (191,499)
Total other expense, net (217,870) (109,692) (330,790)
(Loss)/ income from Continuing Operations before income taxes (29,101,646) (8,025,166) (51,491,712)
Provision for income taxes (6,081) (1,097,888) (1,104)
(Loss)/ income from continuing operations (29,107,727) (9,123,054) (51,492,816)
Discontinued Operations (Note 19)      
Gain on disposal of discontinued operations 7,389,310 1,493,945
(Loss) from discontinued operations (282,027) (10,055,749)
Net Income (Loss) (21,718,417) (9,405,081) (60,054,620)
Less: Net (loss) income attributable to non-controlling interest (2,420,399) (40,025) (2,918,680)
Net (Loss) Income attributable to Blue Hat Interactive Entertainment Technology (19,298,018) (9,365,056) (57,135,940)
Other comprehensive (loss) income      
Net (loss)/ Income from continued operations (29,107,727) (9,123,054) (51,492,816)
Foreign currency translation adjustment continued operation (199,032) (1,883,571) 651,272
Comprehensive (loss) income - continued operation (29,306,759) (11,006,625) (50,841,544)
Income (loss) from discontinued operation 7,389,310 (282,027) (8,561,804)
Foreign currency translation adjustment - discontinued operation 263,285 258,828 66,288
Comprehensive income (Loss) - discontinued operation 7,652,595 (23,199) (8,495,516)
Comprehensive (loss) income (21,654,164) (11,029,824) (59,337,060)
Less: Net (loss) income attributable to non-controlling interest (2,420,399) (40,025) (2,918,680)
Comprehensive income (loss) attributable to Blue Hat Interactive Entertainment shareholders $ (19,233,765) $ (10,989,799) $ (56,418,380)
Weighted average number of ordinary shares      
Basic 29,722,950 7,639,482 5,053,727
Diluted 30,975,275 8,565,163 5,800,048
Earnings per share      
Basic (loss) earnings per share from continued operation $ (0.98) $ (1.19) $ (10.19)
Basic earnings per share from discontinued operation 0.33 (0.04) (1.12)
Diluted Earnings per share:      
Diluted (loss) earnings per share from continued operation (0.98) (1.19) (10.19)
Diluted earnings per share from discontinued operation $ 0.33 $ (0.04) $ (1.12)