Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net revenues $ 1,003,529 $ 664,017 $ 1,411,934 $ 3,240,702
Cost of net revenues 608,944 932,362 1,224,886 2,155,155
Gross profit (loss) 394,585 (268,345) 187,048 1,085,547
Operating expenses:        
General and administrative 7,192,460 1,426,388 9,099,978 3,901,431
Sales and marketing 923,283 124,370 1,094,103 442,246
Distribution 69,864 75,246 133,442 213,681
Change in fair value of contingent consideration 3,050,901   3,050,901  
Total operating expenses 11,236,508 1,626,004 13,378,424 4,557,358
Loss from operations (10,841,923) (1,894,349) (13,191,376) (3,471,811)
Other income (expense):        
Interest expense (897,920) (373,957) (1,572,964) (688,932)
Other non-operating income (expenses) (57,775)   (57,213)  
Total other income (expense), net (955,695) (373,957) (1,630,177) (688,932)
Provision for income taxes (1,100,120) (709) (1,100,120) 13,381
Net loss $ (10,697,498) $ (2,267,597) $ (13,721,433) $ (4,174,124)
Weighted average common shares outstanding - basic and diluted 5,435,023 664,167 3,062,774 664,167
Net loss per common share - basic and diluted $ (1.97) $ (3.41) $ (4.48) $ (6.28)