Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 217

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 217
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2025.  
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The accompanying notes are an integral part of
these consolidated financial statements.

F-4

X3 HOLDINGS CO., LTD.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

  Balance at December 31, 2021                                     1,966          118,032,588      -                 ( 37,575,834       ( 257,296         2,698,884           82,898,342  
  Issuance shares at the market offering                           2              56,449           -                 -                  -                 -                       56,449  
  Conversion of convertible notes                                  690            3,795,924        -                 -                  -                 -                    3,795,924  
  Issuance of shares for services                                  418            2,647,455        -                 -                  -                 -                    2,647,455  
  Options granted                                                                 3,336,452        -                 -                  -                 -                    3,336,452  
  Issuance of reserve shares                                       83             -                -                 -                  -                 -                            -  
  Issuance of shares for private placement                         1,392          7,030,519        -                 -                  -                 -                    7,030,519  
  Issuance shares for investments                                  5,333          30,329,235       -                 -                  -                 -                   30,329,235  
  Disposition of a subsidiary                                      -              -                -                 -                  16,677            -                       16,677  
  Net loss for the year                                            -              -                -                 ( 21,505,598       ( 43,102          -                 ( 21,548,700  
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  Foreign currency translation adjustment                          -              -                -                 -                  20,214            ( 6,032,425        ( 6,012,211  
  Balance, December 31, 2022                                       9,884          165,228,622      -                 ( 59,081,432       ( 263,507         ( 3,333,541        102,550,142  
  Conversion of