Company: AIBT
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001375
Chunk: 1

Company: AIBOTICS, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 2
Chunk 1
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 $37,000.

For the three months ended June 30, 2025, general and administrative expenses decreased by $30,831, or 8%, compared to the same period in 2024, decreasing from $391,410 to $360,579. The decrease was primarily attributable to a reduction in product development expenses of approximately $58,000, partially offset by an increase in consulting fees of approximately $24,000.

Other Expense

Other expense for the three months ended June 30, 2025 and 2024 was composed of interest expense.

Interest expense for the three months ended June 30, 2025, increased by $46,305, or 58%, compared to the same period in 2024, decreasing from $79,265 to $125,570. The increase was primarily due to the gain on conversion of accrued interest offset by the absence of interest expense related to debt discount amortization on the Company’s convertible notes during the three months ended June 30, 2025. 

Net Loss

For the three months ended June 30, 2025 and 2024 we had a net loss of $486,149 and $470,675, respectively. 

Six Months Ended June 30, 2025 as Compared to the Six Months Ended June 30, 2024

Sales and Cost of Sales

We did have revenue and cost of revenue from operations for the six months ended June 30, 2025, of $2,183, as compared to $0 revenue and cost of revenue from operations for the six months ended June 30, 2024.

17

Operating Expenses

Operating expenses for the six months ended June 30, 2025 and 2024 consisted solely of general and administrative expenses. For the six months ended June 30, 2025, general and administrative expenses primarily included amortization expenses of approximately $328,000, board compensation of $80,000, consulting fees of approximately $204,000, product development expense of approximately $169,000 and legal and professional services of approximately $80,000.

For the six months ended June 30, 2025, general and administrative expenses increased by $139,944, or 19%, compared to the same period in 2024, increasing from $752,282 to $892,226. The increase was primarily attributable to an increase in board compensation fees of approximately $30,000, increase in consulting