VSEEW | VSee Lab, Inc./iDoc Virtual Telehealth Solutions,

Annual Income Statements

(In USD)

Breakdown	2022	2021
Revenue	6.37 Million	7.33 Million
Cost of Revenue	1.54 Million	1.41 Million
Gross Profit	4.83 Million	5.92 Million
Operating Expenses	6.51 Million	5.67 Million
Selling, General and Administrative Expenses	6.29 Million	5.67 Million
Research and Development Expenses	-	-
Other Expenses	216.02 Thousand	986.00
Cost and Expenses	8.05 Million	7.08 Million
Operating Income	-1.68 Million	252.28 Thousand
Interest Expense	31.86 Thousand	-
Income Tax Expense	-694.36 Thousand	108.11 Thousand
Earnings before Tax	-1.62 Million	386.34 Thousand
Net Income	-836.2 Thousand	475.89 Thousand
Earnings Per Share Basic	-	-
Earnings Per Share Diluted	-	-
Weighted Average Shares Outstanding	-	-
Weighted Average Shares Outstanding (Diluted)	-	-
Gross Margin	0.76	0.81
EBIT Margin	-0.21	0.03
Profit Margin	-0.13	0.06
EBITDA	-1.3 Million	253.26 Thousand
Earnings Before Tax Margin	-0.26	0.03

Breakdown	2024 Q2	2023 Q2	2022 FY	2021 FY
Revenue	1.71 Million	1.29 Million	6.37 Million	7.33 Million
Cost of Revenue	486.64 Thousand	474.28 Thousand	1.54 Million	1.41 Million
Gross Profit	1.22 Million	815.93 Thousand	4.83 Million	5.92 Million
Operating Expenses	1.42 Million	1.41 Million	6.29 Million	5.67 Million
Selling, General and Administrative Expenses	1.42 Million	1.41 Million	-	-
Research and Development Expenses	-	-	-	-
Other Expenses	2.00	3.00	156.51 Thousand	986.00
Cost and Expenses	1.91 Million	1.88 Million	7.84 Million	7.08 Million
Operating Income	-1.18 Million	-611.12 Thousand	-1.68 Million	252.28 Thousand
Interest Expense	349.69 Thousand	79.86 Thousand	31.86 Thousand	-
Income Tax Expense	-2.24 Million	-174.39 Thousand	-694.36 Thousand	108.11 Thousand
Earnings before Tax	-2.6 Million	-602.97 Thousand	-1.62 Million	386.34 Thousand
Net Income	-329.98 Thousand	-424.61 Thousand	-836.2 Thousand	475.89 Thousand
Earnings Per Share Basic	-	-	-	-
Earnings Per Share Diluted	-	-	-	-
Weighted Average Shares Outstanding	-	-	-	-
Weighted Average Shares Outstanding (Diluted)	-	-	-	-
Gross Margin	0.72	0.63	0.76	0.81
EBIT Margin	-0.12	-0.46	-	-
Profit Margin	-0.19	-0.33	-0.13	0.06
EBITDA	-202.53 Thousand	-595.06 Thousand	-	-
Earnings Before Tax Margin	-0.69	-0.47	-0.26	0.03