Company: HYEX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001096906-25-001303
Chunk: 12

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 7
Chunk 12
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 marketing efforts continue to perform.

Cost of Revenue

Our cost of revenue for the three and six months ended June 30, 2025 were $375,828 and $882,123, compared to $422,301 and $702,728 for the three and six months ended June 30, 2024, a decrease of $46,472, or 11%, and an increase of $179,394, or 26%, respectively. Gross profit for the three and six months ended June 30, 2025 was $592,827 and $1,017,812, compared to $486,088 and $894,446 for the three and six months ended June 30, 2024, an increase of $106,739, or 22%, and $123,366, or 14%, respectively.

Cost of revenue as a percentage of revenues was 39% and 46% for the three and six months ended June 30, 2025, compared to 46% and 44% for the three and six months ended June 30, 2024. The reduced cost as a percentage of revenues in the three months ended June 30, 2025 was due to efficiencies as a result of increased revenue.

General and Administrative

Our general and administrative expenses were $698,434 and $1,232,267 for the three and six months ended June 30, 2025, compared to $497,996 and $968,427 for the three and six months ended June 30, 2024, an increase of $200,438, or 40%, and $263,840, or 27%, respectively. In the three months ended June 30, 2025, general and administrative expenses consisted mainly of advertising of $254,511, consulting fees of $106,700, stock-based compensation of $71,161, salaries and wages of $47,780 and accounting and legal fees of $62,358. In the three months ended June 30, 2024, general and administrative expenses consisted mainly of advertising of $172,118, consulting fees of $94,500, stock-based compensation of $74,854, salaries and wages of $51,477 and accounting and legal fees of $41,779. During the three and six months ended June 30, 2025, the increase was due in part to an increase to our advertising and consulting fees which increased our revenue.  

Other Income (Expense)

Other