Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net revenues $ 3,739,001 $ 1,003,529 $ 7,171,411 $ 1,411,934
Cost of net revenues 1,567,922 608,944 3,526,833 1,224,886
Gross profit 2,171,079 394,585 3,644,578 187,048
Operating expenses:        
General and administrative 4,990,232 7,192,460 9,601,467 9,099,978
Sales and marketing 1,705,291 923,283 2,745,863 1,094,103
Distribution 221,925 69,864 424,773 133,442
Change in fair value of contingent consideration 5,920,919 3,050,901 7,121,240 3,050,901
Total operating expenses 12,838,367 11,236,508 19,893,343 13,378,424
Loss from operations (10,667,288) (10,841,923) (16,248,765) (13,191,376)
Other income (expense):        
Interest expense (2,203,599) (897,920) (3,771,476) (1,572,964)
Other non-operating income (expenses) 3,336,963 (57,775) 2,653,375 (57,213)
Total other income (expense), net 1,133,364 (955,695) (1,118,101) (1,630,177)
Income tax benefit (provision)   (1,100,120)   (1,100,120)
Net loss $ (9,533,924) $ (10,697,498) $ (17,366,866) $ (13,721,433)
Weighted average common shares outstanding - basic 35,822,250 5,435,023 24,591,052 3,062,774
Weighted average common shares outstanding - diluted 35,822,250 5,435,023 24,591,052 3,062,774
Net loss per common share - basic $ (0.27) $ (1.97) $ (0.71) $ (4.48)
Net loss per common share - diluted $ (0.27) $ (1.97) $ (0.71) $ (4.48)