Revenue Performance - Merchandise revenue decreased by 44.3% or $3,210,541 to $4,036,047, primarily due to a 42.6% decrease in sales orders and a 3.0% decrease in average revenue per order[4] - Total revenue for FY 2023 was $4.8 million, a year-to-year decrease of 41.2% or $3,356,512, attributed to reduced consumer spending from inflation and rising interest rates[5] - Sales of consumable products increased by 11.6% or $23,239 to $223,343, due to efforts to diversify revenue streams[5][11] - Revenue from licensing customers decreased by 23.9% or $169,216 to $539,832, impacted by the temporary suspension of overseas expansions[11] Profit and Loss - Gross profit was $2.2 million, a decrease of 40.2% or $1,462,255, with a gross margin of 45.3%, reflecting a slight increase of 0.7% from the previous year[5][7] - The company reported a net loss of $1,593,394 for FY 2023, compared to a net income of $12,602 in FY 2022[18] - Net income for the year ended June 30, 2023, was a loss of $1,593,394 compared to a net income of $12,602 for the previous year[22] Assets and Liabilities - Total assets increased to $9,037,948 as of June 30, 2023, compared to $5,431,720 in the previous year[17] - Total liabilities decreased to $2,621,025 from $2,994,340 in FY 2022[17] - Total cash and cash equivalents at the end of the period decreased to $236,821 from $716,052, reflecting a change of $479,231[22] - The bad debt provision increased significantly to $426,971 from zero in the previous year[22] - Accounts payable and accrued expenses increased by $363,694, while deferred revenue decreased by $263,625[22] Cash Flow and Investments - The company experienced a cash outflow from operating activities of $373,104, compared to an outflow of $131,781 in the previous year[22] - The foreign currency translation adjustment resulted in a loss of $27,063 for the year[22] - The company did not engage in any purchases of investments or property and equipment during the year[22] Stock and Market Activities - Fitell successfully listed on Nasdaq on August 8, 2023, raising approximately $13.6 million from the issuance of 3,000,000 shares of common stock[12] - The company issued stock for services amounting to $5,600,000 during the year[22] - The total stock issued for prepaid IPO services was valued at $5,040,000[22] Future Plans - The company plans to expand its services, particularly in the Asia market, when market conditions improve[11]

As filed with the Securities and Exchange Commission on July 26, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 8 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

As filed with the Securities and Exchange Commission on July 21, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 7 to FORM F-1 FITELL CORPORATION (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) REGISTRATION STATEMENT (Exact name of registrant as specified in its charter) UNDER THE SECURITIES ACT OF 1933 Cayman Islands 3949 Not Applicable (I.R.S. Employer Id ...

As filed with the Securities and Exchange Commission on July 12, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 6 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable With a Copy to: (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I. ...

Amendment No. 5 to FORM F-1 REGISTRATION STATEMENT Registration Statement No. 333-267778 As filed with the Securities and Exchange Commission on June 21, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Id ...

As filed with the Securities and Exchange Commission on May 8, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable (I.R.S. Employer Identification Number) 23-25 Mangrove Lane Taren Point, NSW 2229 Australia +612 95245266 (Address, including zip code, and t ...

As filed with the Securities and Exchange Commission on March 14, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...