IZEA, Inc. Consolidated Statements of Operations Twelve Months Ended 2016 31, Revenue $ $ Cost of sales 6 Gross profit 8,231,010 Operating expenses: General and administrative 7,517,115 2 and marketing 7,936,215 Total operating expenses 2 Loss from operations ) ) income (expense): Interest expense Loss on exchange of warrants ) — Change in fair value of derivatives, net 9,163 ) Other income (expense), net 9,640 Total other income (expense) ) 1 Net loss $ ) ) Weighted average common shares outstanding basic and diluted 5,380,465 3,737,897 – Basic and diluted loss per common share $ $
1 IZEA, Inc. Consolidated Statements of Operations Twelve Months Ended 31, 2016 Revenue $ $ Cost of sales Gross profit 8,231,010 Operating expenses: General and administrative 7,517,115 and marketing 7,936,215 Total operating expenses Loss from operations ) ) income (expense): Interest expense Loss on exchange of warrants — ) Change in fair value of derivatives, net 9,163 ) Other income (expense), net 9,640 Total other income (expense) ) Net loss $ ) ) Weighted average common shares outstanding – basic and diluted 5,380,465 3,737,897 Basic and diluted loss per common share $ $ 2 2 6
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