v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Net revenues $ 5,095,234 $ 3,432,410
Cost of net revenues 2,656,652 2,292,191
Gross profit 2,438,582 1,140,219
Operating expenses:    
General and administrative 4,636,844 4,277,955
Sales and marketing 1,115,643 1,040,572
Distribution 270,185 202,848
Change in fair value of contingent consideration   1,200,321
Total operating expenses 6,022,672 6,721,696
Loss from operations (3,584,090) (5,581,477)
Other income (expense):    
Interest expense (1,873,270) (1,567,877)
Other non-operating income (expenses) (678,989) (683,588)
Total other income (expense), net (2,552,259) (2,251,465)
Net loss $ (6,136,349) $ (7,832,942)
Weighted average common shares outstanding - basic 5,670,362 132,351
Weighted average common shares outstanding - diluted 5,575,794 132,351
Net loss per common share - basic $ (1.08) $ (59.18)
Net loss per common share - diluted $ (1.08) $ (59.18)