Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 4,075,921 $ 575,986
Accounts receivable, net 346,390 35,532
Due from factor, net 6,859 210,033
Inventory 1,165,152 1,163,279
Prepaid expenses 849,434 23,826
Total current assets 6,443,756 2,008,656
Deferred offering costs   214,647
Property, equipment and software, net 119,817 62,313
Goodwill 16,160,766 6,479,218
Intangible assets, net 11,175,794 7,494,667
Deposits 116,199 92,668
Total assets 34,016,332 16,352,169
Current liabilities:    
Accounts payable 6,307,071 5,668,703
Accrued expenses and other liabilities 1,615,622 1,245,646
Deferred revenue 172,470 1,667
Due to related parties 252,635 441,453
Contingent consideration liability 6,539,417  
Convertible notes, current 100,000 700,000
Accrued interest payable 801,031 737,039
Note payable - related party 299,489 137,856
Venture debt, current 300,000 5,854,326
Loan payable, current 1,712,000 992,000
Promissory note payable 3,500,000 4,500,000
Total current liabilities 21,599,735 20,278,690
Convertible notes   1,215,815
Loan payable 1,762,639 709,044
Venture debt, net of discount 5,701,755  
Warrant liability 78,710 6,265
Total liabilities 29,142,839 22,209,814
Commitments and contingencies (Note 12)
Stockholders' deficit:    
Common stock $0.0001 par, 200,000,000 and 110,000,000 shares authorized, 11,044,594 and 664,167 shares issued and outstanding as of both June 30, 2021 and December 31, 2020, respectively 1,104 66
Additional paid-in capital 51,939,819 27,481,995
Accumulated deficit (47,067,430) (33,345,997)
Total stockholders' equity (deficit) 4,873,493 (5,857,645)
Total liabilities and stockholders' equity (deficit) $ 34,016,332 16,352,169
Series Seed Preferred Stock    
Stockholders' deficit:    
Convertible preferred stock   2,071
Total stockholders' equity (deficit)   2,071
Series A convertible preferred stock    
Stockholders' deficit:    
Convertible preferred stock   565
Total stockholders' equity (deficit)   565
Series A-2 convertible preferred stock    
Stockholders' deficit:    
Convertible preferred stock   593
Total stockholders' equity (deficit)   593
Series A-3 convertible preferred stock    
Stockholders' deficit:    
Convertible preferred stock   904
Total stockholders' equity (deficit)   904
Series CF convertible preferred stock    
Stockholders' deficit:    
Convertible preferred stock   83
Total stockholders' equity (deficit)   83
Series B Convertible Preferred Stock    
Stockholders' deficit:    
Convertible preferred stock   $ 2,075