Company: HYEX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001864
Chunk: 9

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 9
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 growth to increase as our direct consumer sales and marketing efforts continue to perform.

Cost of Revenue

Our cost of revenue for the three and nine months ended September 30, 2025 were $470,725 and $1,352,848, compared to $142,456 and $845,185 for the three and nine months ended September 30, 2024, an increase of $328,268, or 230%, and $507,663, or 60%, respectively. Gross profit for the three and nine months ended September 30, 2025 was $447,250 and $1,465,062, compared to $602,460 and $1,496,906 for the three and nine months ended September 30, 2024, a decrease of $155,210, or 52%, and $31,844, or 49%, respectively.

Cost of revenue as a percentage of revenues was 51% and 48% for the three and nine months ended September 30, 2025, compared to 19% and 36% for the three and nine months ended September 30, 2024. The reduced cost as a percentage of revenues in the three months ended September 30, 2025 was due to efficiencies as a result of increased revenue.

General and Administrative

Our general and administrative expenses were $907,363 and $2,139,630 for the three and nine months ended September 30, 2025, compared to $517,068 and $1,485,945 for the three and nine months ended September 30, 2024, an increase of $390,295, or 75%, and $653,685, or 44%, respectively. In the three months ended September 30, 2025, general and administrative expenses consisted mainly of advertising of $380,540, consulting fees of $103,350, stock-based compensation of $288,865, salaries and wages of $49,271 and accounting and legal fees of $65,151. In the three months ended September 30, 2024, general and administrative expenses consisted mainly of advertising of $204,893, consulting fees of $109,050, accounting and legal fees of $37,925, stock-based compensation of $54,345, and salaries and wages of $52,212. During the three and nine months ended September 30, 2025, the increase was due in part to an increase to our advertising which increased our