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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited)        
Revenue, net $ 6,628,000 $ 0 $ 31,581,000 $ 0
Cost of goods sold 5,188,000 0 24,490,000 0
Gross profit 1,440,000 0 7,091,000 0
Sales, general and administrative expenses 2,791,000 1,633,000 9,920,000 2,983,000
Operating loss (1,351,000) (1,633,000) (2,829,000) (2,983,000)
Foreign exchange difference, net 46,000 0 10,000 0
Interest expense (income), net 800,000 (111,000) 1,989,000 (325,000)
Other expenses, net (3,000) 0 (3,000) 0
Loss from continuing operations before income taxes (2,194,000) (1,522,000) (4,825,000) (2,658,000)
Income tax (benefit) expense (736,000) (11,000) (1,284,000) (4,000)
Net loss from continuing operations (1,458,000) (1,511,000) (3,541,000) (2,654,000)
Income from discontinued operations, net of tax 66,000 (333,000) 202,000 2,422,000
Gain from sale of discontinued operations, net of tax 0 2,970,000 0 2,970,000
Net (loss) income including noncontrolling interest (1,392,000) 1,126,000 (3,339,000) 2,738,000
Less: Net (loss) income attributable to noncontrolling interest (267,000) 0 (536,000) 0
Net (loss) income attributable to Lendway, Inc. (1,125,000) 1,126,000 (2,803,000) 2,738,000
Other comprehensive income (foreign currency translation) 1,000 0 47,000 0
Comprehensive (loss) income including noncontrolling interest (1,124,000) 1,126,000 (2,756,000) 2,738,000
Less: Comprehensive (loss) income attributable to noncontrolling interest 0 0 9,000 0
Comprehensive (loss) income attributable to Lendway, Inc. $ (1,124,000) $ 1,126,000 $ (2,765,000) $ 2,738,000
Net (loss) income per basic and diluted share attributable to Lendway, Inc.:        
Continuing operations $ (0.67) $ (0.85) $ (1.70) $ (1.48)
Discontinued operations 0.04 1.48 0.11 3.01
Basic and diluted earnings per share $ (0.64) $ 0.63 $ (1.58) $ 1.53
Shares used in calculation of net (loss) income per share:        
Basic and diluted 1,770,000 1,785,000 1,770,000 1,793,000