Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 177

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 177
---
 |

Reconciliation of segment loss from operations to corporate loss:

| ​                                                                                                    
 ​                                                                                                    | ​ 
 ​ 
 ​ | ​             
 September 30, |          ​ 
       2024 | ​ | ​ 
 ​ |           ​ 
        2023 |
|:-----------------------------------------------------------------------------------------------------|:--|:--------------|-----------:|:--|:--|------------:|
| Loss from operations of reportable segments                                                          |   | $             | -8,830,471 |   | $ |  -6,137,013 |
| General corporate expenses (b)                                                                       | ​ |               | -5,194,294 | ​ |   |  -4,816,277 |
| Interest income                                                                                      | ​ |               |    176,301 | ​ |   |      75,332 |
| Unrealized gain on change in fair value of warrants classified as a liability                        | ​ | ​             |  9,430,000 | ​ | ​ |           — |
| Unrealized loss on change in fair value of warrants classified as a liability - warrant modification | ​ | ​             |   -394,000 | ​ | ​ |           — |
| Transaction costs allocated to registered direct offering                                            | ​ | ​             |   -633,198 | ​ | ​ |     854,400 |
| Transaction costs allocated to warrant liabilities                                                   | ​ | ​             |          — | ​ | ​ |           — |
| Loss on issuance of warrants                                                                         | ​ | ​             | -1,633,767 | ​ | ​ |           — |
| Other income (expense), net                                                                          | ​ |               |     -8,877 | ​ | $ |         642 |
| Consolidated loss before provision for income taxes                                                  | ​ | $             | -7,088,306 | ​ | $ | -10,022,916 |

| (a) | Segment operating loss consists of net sales less cost of sales, specifically identifiable research and development, and selling, general and administrative expenses. |

| (b) | General corporate expenses consists of Selling, general and administrative expenses that are not specifically identifiable to a segment. |

F-26

NOTE K – SEGMENT AND GEOGRAPHIC AREA INFORMATION, continued

The Company attributes net revenues from external customers according to the geographic location of the customer. Net revenues by geographic location of customers are as follows:

| ​              
 ​              | ​ 
 ​ 
 ​ | ​                        
 Year Ended September 30, |