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PickleJar Entertainment Group, Inc. Announces Completion of Audited Financial Statements for Fiscal Years 2024 and 2023
PickleJar Entertainment Group, Inc. Announces Completion of Audited Financial Statements for Fiscal Years 2024 and 2023.
About this update from Picklejar Entertainment Group, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n PickleJar Entertainment Group, Inc. Announces Completion of Audited Financial Statements for Fiscal Years 2024 and 2023\r\n \r\n \r\n\r\n\r\nPickleJar Entertainment Group, Inc. Announces Completion of Audited Financial Statements for Fiscal Years 2024 and 2023\r\n\r\n\r\n\r\n\r\n\r\nPCAOB-Registered Firm Issues Unqualified Audit Opinion; Fiscal 2024 Revenue Grew 138%; Operational Loss Narrowed 45% \r\n HOUSTON, TX - April 28, 2026 (NEWMEDIAWIRE) - PickleJar Entertainment Group, Inc. (OTC Pink: PKLE) (PickleJar or the Company), a music and entertainment software company, today announced the completion of the audit of its financial statements for the fiscal years ended December 31, 2024 and December 31, 2023. The audit, conducted by Astra Audit & Advisory, LLC, a firm registered with the Public Company Accounting Oversight Board (PCAOB), resulted in an unqualified opinion and confirms a year of meaningful operational progress: revenue grew approximately 138% to $557,585 in fiscal 2024, and loss from operations narrowed approximately 45% to $1,537,352. Completion of the audit is also a foundational step in PickleJars stated objective of becoming a fully reporting issuer with the U.S. Securities and Exchange Commission. No assurance can be given regarding the timing or completion of any such registration. \r\n Selected Fiscal Year 2024 Results (Audited) \r\n Total revenue of $557,585, compared with $233,762 for fiscal 2023 - an increase of approximately 138% year-over-year. \r\n Gross profit of $405,483, compared with $155,155 for fiscal 2023. \r\n Loss from operations of $1,537,352, compared with $2,786,231 for fiscal 2023 - an improvement of approximately 45%. \r\n Net loss of $1,975,754, compared with net income of $1,206,415 for fiscal 2023 (which included a non-cash gain of approximately $4.4 million on the fair-value remeasurement of Simple Agreements for Future Equity in connection with the November 2023 reverse recapitalization, and is not indicative of operating performance). \r\n Accumulated deficit of $6,046,945 and working capital deficit of $6,331,207 as of December 31, 2024. \r\n The full audited financial statements, including the report of the Independent Registered Public Accounting Firm and accompanying footnotes, are available on the OTC Markets Disclosure & News Service and at investors...