| Schedule of consolidated Financial report |
| Schedule of consolidated Financial report | |
| | | |
| | | |
| | |
| | |
December 31, 2025 |
| | |
As reported | |
Adjustment | |
As restated |
| | |
| |
| |
|
| Accumulated deficits | |
$ | (83,889,411 | ) | |
$ | 5,113,895 | | |
$ | (78,775,516 | ) |
| Accumulated other comprehensive income | |
| 5,019,336 | | |
| (3,470,944 | ) | |
| 1,548,392 | |
| Total shareholders’ equity attributable to Infobird
Co., Ltd | |
| 16,029,361 | | |
| 1,642,951 | | |
| 17,672,312 | |
| Non-controlling interests | |
| 2,170,196 | | |
| (1,642,951 | ) | |
| 527,245 | |
The
following table summarizes changes made to the audited consolidated statements of operations and comprehensive income (loss) for year
ended December 31, 2025:
| | |
| | | |
| | | |
| | |
| | |
December 31, 2025 |
| | |
As reported | |
Adjustment | |
As restated |
| | |
| |
| |
|
| Impairment of goodwill | |
$ | 54,765,074 | | |
$ | (3,578,292 | ) | |
$ | 51,186,782 | |
| Total operating expenses | |
| 58,979,750 | | |
| (3,578,292 | ) | |
| 55,401,458 | |
| LOSS FROM OPERATIONS | |
| (56,411,208 | ) | |
| 3,578,292 | | |
| (52,832,916 | ) |
| NET LOSS FROM CONTINUING OPERATIONS | |
| (57,203,388 | ) | |
| 3,578,292 | | |
| (53,625,096 | ) |
| NET LOSS | |
| (57,203,388 | ) | |
| 3,578,292 | | |
| (53,625,096 | ) |
| Less: Net loss attributable to non-controlling
interest from continuing operations | |
| (17,455 | ) | |
| (1,535,603 | ) | |
| (1,553,058 | ) |
| NET LOSS ATTRIBUTABLE TO INFOBIRD
CO., LTD | |
| (57,185,933 | ) | |
| 5,113,895 | | |
| (52,072,038 | ) |
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | |
| 5,241,087 | | |
| (3,578,292 | ) | |
| 1,662,795 | |
| Less: Comprehensive income (loss)
attributable to non-controlling interests from continuing operations | |
| 140,662 | | |
| (1,642,951 | ) | |
| (1,502,289 | ) |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO
INFOBIRD CO., LTD | |
| (52,102,963 | ) | |
| 1,642,951 | | |
| (50,460,012 | ) |
| (LOSS) EARNING PER SHARE - BASIC
AND DILUTED | |
| | | |
| | | |
| | |
| Continuing operations | |
| (7.13 | ) | |
| 0.63 | | |
| (6.50 | ) |
The
following table summarizes changes made to the audited consolidated statement of cash flows for year ended December 31, 2025:
| | |
| | | |
| | | |
| | |
| | |
December 31, 2025 |
| | |
As reported | |
Adjustment | |
As restated |
| | |
| |
| |
|
| Net loss | |
$ | (57,203,388 | ) | |
$ | 3,578,292 | | |
$ | (53,625,096 | ) |
| Net loss from continuing operations | |
| (57,203,388 | ) | |
| 3,578,292 | | |
| (53,625,096 | ) |
| Impairment of goodwill | |
| 54,765,074 | | |
| 3,578,292 | | |
| 51,186,782 | |
|