8 results
10-K
2024 FY
PMNT
Perfect Moment Ltd.
1 Jul 24
Annual report
4:15pm
SCHEDULE OF INCOME TAX BENEFIT EXPENSE
| March 31, 2024 | March 31, 2023 | |||||||
| Years Ended | ||||||||
| March 31, 2024 | March 31, 2023 | |||||||
| $’000 | $’000 | |||||||
| Current | $ | - | $ | (121) | ||||
| Deferred | - | - | ||||||
| Total income tax (benefit) expense | $ | - | $ | (121) | ||||
10-K
2024 FY
PMNT
Perfect Moment Ltd.
1 Jul 24
Annual report
4:15pm
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES
| March 31, 2024 | March 31, 2023 | |||||||
| $’000 | $’000 | |||||||
| Deferred tax liabilities: | ||||||||
| Fixed and intangible assets | $ | 113 | $ | 101 | ||||
| Inventory | - | - | ||||||
| Total deferred tax liabilities | 113 | 101 | ||||||
| Deferred tax assets: | ||||||||
| Tax loss carryforward | 7,312 | 6,352 | ||||||
| Stock compensation expense | 535 | 197 | ||||||
| IPO expenses | 163 | - | ||||||
| Valuation allowance | (7,897) | (6,448) | ||||||
| Total deferred tax assets | 113 | 101 | ||||||
| Deferred tax assets, net | $ | - | $ | - | ||||
10-K
2024 FY
PMNT
Perfect Moment Ltd.
1 Jul 24
Annual report
4:15pm
| Years ended March 31, | ||||||||||||
| 2024 | 2023 | Change | ||||||||||
| (Amounts in thousands) | ||||||||||||
| Statements of operations data: | ||||||||||||
| Net revenue | ||||||||||||
| Wholesale | $ | 14,060 | $ | 14,888 | $ | (828) | ||||||
| Ecommerce | 10,383 | 8,550 | 1,833 | |||||||||
| Total Revenue | 24,443 | 23,438 | 1,005 | |||||||||
| Cost of goods sold | 15,212 | 14,682 | 530 | |||||||||
| Gross profit | 9,231 | 8,756 | 475 | |||||||||
| Operating expenses | ||||||||||||
| Selling, general and administrative expenses | 12,122 | 12,369 | (247) | |||||||||
| Marketing and advertising expenses | 4,784 | 5,012 | (228) | |||||||||
| Total operating expenses | 16,906 | 17,381 | (475) | |||||||||
| Loss from operations | (7,675) | (8,625) | 950 | |||||||||
| Interest expense | (1,311) | (1,840) | 529 | |||||||||
| Foreign currency transactions gains | 264 | 39 | 225 | |||||||||
| Loss before income taxes | (8,722) | (10,426) | 1,704 | |||||||||
| Income tax benefit | - | 121 | (121) | |||||||||
| Net Loss | (8,722) | (10,305) | 1,583 | |||||||||
| Other comprehensive (losses) gains | ||||||||||||
| Foreign currency translation (losses) gains | (288) | 303 | (591) | |||||||||
| Comprehensive loss | $ | (9,010) | $ | (10,002) | $ | 992 | ||||||
10-K
2024 FY
PMNT
Perfect Moment Ltd.
1 Jul 24
Annual report
4:15pm
SCHEDULE OF RECONCILIATION OF INCOME TAXES
| March 31, 2024 | March 31, 2023 | |||||||
| $’000 | $’000 | |||||||
| Loss before income tax at 21% rate | $ | (1,831) | $ | (2,189) | ||||
| Change in valuation allowance | 1,211 | 2,097 | ||||||
| Foreign tax differential | 102 | 55 | ||||||
| Other permanent items | 518 | 37 | ||||||
| R&D tax credit | - | (121) | ||||||
| Income tax (benefit) expense | $ | - | $ | (121) | ||||
10-K
2024 FY
PMNT
Perfect Moment Ltd.
1 Jul 24
Annual report
4:15pm
| Year Ended March 31, 2024 | Year Ended March 31, 2023 | |||||||
| Revenue, net | ||||||||
| Wholesale | $ | 14,060 | $ | 14,888 | ||||
| Ecommerce | 10,383 | 8,550 | ||||||
| Total Revenue, net | 24,443 | 23,438 | ||||||
| Cost of goods sold | 15,212 | 14,682 | ||||||
| Gross profit | 9,231 | 8,756 | ||||||
| Operating expenses: | ||||||||
| Selling, general and administrative expenses | 12,122 | 12,369 | ||||||
| Marketing and advertising expenses | 4,784 | 5,012 | ||||||
| Total operating expenses | 16,906 | 17,381 | ||||||
| Loss from operations | (7,675) | (8,625) | ||||||
| Other income (expense), net | ||||||||
| Interest expense | (1,311) | (1,840) | ||||||
| Foreign currency transactions gains | 264 | 39 | ||||||
| Total other income (expense), net | (1,047) | (1,801) | ||||||
| Loss before income tax provision | (8,722) | (10,426) | ||||||
| Income tax provision | - | 121 | ||||||
| Net Loss | (8,722) | (10,305) | ||||||
| Other comprehensive (losses) gains | ||||||||
| Foreign currency translation (loss) gains | (288) | 303 | ||||||
| Comprehensive loss | $ | (9,010) | $ | (10,002) | ||||
| Basic and diluted loss per share | $ | (1.34) | $ | (2.16) | ||||
| Basic and Diluted weighted-average number of shares outstanding | 6,518,960 | 4,767,777 | ||||||
10-K
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1 Jul 24
Annual report
4:15pm
10-K
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1 Jul 24
Annual report
4:15pm
10-Q
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25 Mar 24
Quarterly report
5:00pm
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