Bannix Acquisition (BNIX) - 2023 Q3 - Quarterly Report

For the three months ended September 30, 2022, we had a net income of $65,942, which consisted of operating costs of $301,455 and provision for income taxes of $63,263, an unrealized gain from the change in fair value of Private Warrant liability of $20,300, and interest income on the trust account of $410,360. As of September 30, 2023, we had $39,589 in cash and a working capital deficit of $3,577,906. The Company is within 12 months of its mandatory liquidation date as of the date of the filing of this re ...