Is it OK to have business expenses more than business income i.e., negative business income?

I'm a part time consultant. My business income this year is around $6,000 (reported in 1099-MISC). I bought asset like laptop, phone and tablet this year for this business. As a result, my business expenses is around $6,500. Is it OK to claim all the business expenses since now, my net business income is negative?

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