
The Australian technology company is focused on developing the global martial arts and combat sports sector, using technology to bridge the gap between enthusiasm and participation.
Level 1, Suite 1, 29-33 The Corso Manly, NSW 2095 Australia
| Year Ended June 30, | ||||||||
| 2023 | 2022 | |||||||
| Consolidated Income Statement Data: | ||||||||
| Revenue: | ||||||||
| Revenue from Program Fees | $ | 937,415 | $ | 2,050,044 | ||||
| Less: Contractual payments to gyms | (574,025 | ) | (1,215,191 | ) | ||||
| Net Revenue from Program Fees | 363,390 | 834,853 | ||||||
| Other income | 1,173,421 | 105,950 | ||||||
| Total revenue | 1,536,811 | 940,803 | ||||||
| Expenses: | ||||||||
| Program expenses | 229,848 | 342,600 | ||||||
| Employee salaries and benefits | 4,219,655 | 4,664,013 | ||||||
| Share Based Payments | 2,365,384 | 1,546,983 | ||||||
| Advertising fees | 721,713 | 3,615,399 | ||||||
| Professional fees | 864,419 | 685,870 | ||||||
| Rent | 11,793 | 2,366 | ||||||
| IT costs | 633,220 | 640,403 | ||||||
| Depreciation and amortization | 360,021 | 260,651 | ||||||
| Net foreign exchange gain | (47,359 | ) | (26,079 | ) | ||||
| Finance costs | 4,472,730 | 2,191,803 | ||||||
| Other expenses | 1,432,094 | 965,808 | ||||||
| Fair value movement in derivative liability | 6,870,729 | (2,751,564 | ) | |||||
| Total Expenses | 22,134,247 | 12,138,253 | ||||||
| Loss before income tax expense | (20,597,436 | ) | (11,197,450 | ) | ||||
| Income tax expense | - | - | ||||||
| Loss after income tax expense for the year | (20,597,436 | ) | (11,197,450 | ) | ||||
| Other comprehensive loss, net of tax | (36,465 | ) | (31,312 | ) | ||||
| Total comprehensive loss for the year attributable to the members of Alta Global Group Limited | $ | (20,633,901 | ) | $ | (11,228,762 | ) | ||
| Basic loss per share (1) | $ | (4.20 | ) | $ | (2.29 | ) | ||
| Diluted loss per share (1) | $ | (4.20 | ) | $ | (2.29 | ) | ||
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