Company: HYEX
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001096906-25-000753
Chunk: 10

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 7
Chunk 10
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Our revenue, cost of revenue, gross profit, operating expenses, other income (expense), and net loss for the three months ended March 31, 2025 and 2024 were as follows:

3 Months Ended
 
3 Months Ended

March 31,
 
March 31,

2025
 
2024

Revenue
$
931,280
$
688,786

Cost of Revenue
 
506,295
 
280,428

Gross Profit
 
424,985
 
408,358

Operating expenses:

General and administrative
 
533,833
 
470,431

Total operating expenses
 
533,833
 
470,431

Other income (expense)

Interest expenses, net of interest income
 
(34,558)
 
(42,557)

Change in fair value on derivative
 
(255,454)
 
(756,628)

Total other income (expense)
 
(290,011)
 
(799,185)

Net income (loss)
$
(398,860)
$
(861,259)

28

Revenues

We had revenues of $931,280 for the three months ended March 31, 2025, compared to $688,786 for the three months ended March 31, 2024, an increase of $242,494, or 35%. We expect revenue growth to increase as our direct consumer sales and marketing efforts continue to perform.

Cost of Revenue

Our cost of revenue for the three months ended March 31, 2025 was $506,295, compared to $280,428 for the three months ended March 31, 2024, an increase of $225,867, or 81%. Gross profit for the three months ended March 31, 2025 was $424,985, compared to $408,358 for the three months ended March 31, 2024, an increase of $16,627, or 4%.

Cost of revenue as a percentage of revenues was 54% for the three months ended March 31, 2025, compared to 41% for the three months ended March 31, 2024. 

General and Administrative

Our general and administrative expenses were $533,833 for the three months ended March 31, 2025, compared to $470,431 for the three months ended March 31, 2024, an increase of $63,402, or 13%. For the three months ended March 31,