MDJM LTD Interim Financial Statements for June 30, 2025
MDJM LTD has filed its unaudited interim condensed consolidated financial statements for the six months ended June 30, 2025. The company reported a net income of $154,412, compared to a net loss of $1,326,011 for the same period in 2024. Total assets as of June 30, 2025, were $5,224,867, a slight increase from $5,208,001 as of December 31, 2024. The company's cash and cash equivalents decreased to $1,306,100 from $1,826,834. MDJM LTD has diversified its business into the hospitality industry, managing hotel and restaurant businesses in the UK. The company also terminated its variable interest entity (VIE) agreements in China, leading to the deconsolidation of its VIE. The financial statements include detailed notes on significant accounting policies, revenue recognition, and segment reporting.