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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)        
Revenue, net $ 16,780,000 $ 0 $ 24,813,000 $ 0
Cost of goods sold 12,803,000 0 18,942,000 0
Gross profit 3,977,000 0 5,871,000 0
Sales, general and administrative expenses 4,095,000 557,000 7,483,000 1,185,000
Operating loss (118,000) (557,000) (1,612,000) (1,185,000)
Foreign exchange difference, net 9,000 0 (36,000) 0
Interest expense (income), net 964,000 (135,000) 1,189,000 (238,000)
Other expenses, net (9,000) 0 0 0
Loss from continuing operations before income taxes (1,082,000) (422,000) (2,765,000) (947,000)
Income tax (benefit) expense (201,000) 4,000 (548,000) 7,000
Net loss from continuing operations (881,000) (426,000) (2,217,000) (954,000)
Income from discontinued operations, net of tax 64,000 390,000 136,000 2,566,000
Net (loss) income including noncontrolling interest (817,000) (36,000) (2,081,000) 1,612,000
Less: Net (loss) income attributable to noncontrolling interest (72,000) 0 (295,000) 0
Net (loss) income attributable to Lendway, Inc. (745,000) (36,000) (1,786,000) 1,612,000
Net (loss) income including noncontrolling interest (817,000) (36,000) (2,081,000) 1,612,000
Other comprehensive income (foreign currency translation) 43,000 0 46,000 0
Comprehensive (loss) income including noncontrolling interest (702,000) (36,000) (1,740,000) 1,612,000
Less: Comprehensive (loss) income attributable to noncontrolling interest 8,000 0 9,000 0
Comprehensive (loss) income attributable to Lendway, Inc. $ (710,000) $ (36,000) $ (1,749,000) $ (1,612,000)
Net (loss) income per basic share attributable to Lendway, Inc.:        
Continuing operations $ (0.46) $ (0.24) $ (1.09) $ (0.53)
Discontinued operations 0.04 0.22 0.08 1.43
Basic earnings per share (0.42) (0.02) (1.01) 0.90
Net (loss) income per diluted share attributable to Lendway, Inc.:        
Continuing operations (0.46) (0.24) (1.09) (0.53)
Discontinued operations 0.04 0.22 0.08 1.42
Diluted earnings per share $ (0.42) $ (0.02) $ (1.01) $ 0.89
Shares used in calculation of net (loss) income per share:        
Basic 1,770,000 1,798,000 1,770,000 1,798,000
Diluted 1,770,000 1,798,000 1,770,000 1,802,000