Integrated Ventures Reports Quarterly Revenues Of $1,440,714.00.
PHILADELPHIA: Integrated Ventures Inc. (OTCQB: INTVD), ("Company") is pleased to confirm the filing of Q3 Report, after the today's market close, for financial period, ending on March 31, 2023.
Key Financial Highlights are as follow:
Total Revenues: For the Q3/2023, the Company generated the revenues of $1,440,714.00 vs $964,319.00 for Q3/2022.
Unaudited Gross Profit: Excluding, one time depreciation expense of $1,469,196,00, related to the deployment of new mining equipment, starting on 01/01/2023, the gross profit from mining operations would be $463,757.00.
Total Assets: As of March 31, 2023, the Company reported the total assets, in the amount of $14,089,664.00.
Net Income Loss: Reported total loss in amount of $1,766,615.00, mainly related, to the following one time expenses: (1) loss booked, on disposition of old/damaged mining equipment, in the amount of $463,919.00 and (2) depreciation expense booked, due to recently deployed mining equipment, in the amount of $1,469,196,00.
Total Cash Available: The ending cash balance was $298,811.00.
Total Digital Currencies Holdings: As of March 31, 2023, the Company's digital currency holdings (BTC) were valued at $333,496.00.
Total Shareholder's...
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