v3.22.2.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of financial assets and liabilities measured at fair value on recurring basis

Fair Value Measurements

as of September 30, 2022 Using:

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities:

Warrant liability

$

$

$

$

Contingent consideration

 

 

 

18,597,831

 

18,597,831

Derivative liability

1,690,807

1,690,807

$

$

$

20,288,638

$

20,288,638

Fair Value Measurements

as of December 31, 2021 Using:

    

Level 1

    

Level 2

    

Level 3

    

Total

Liabilities:

Warrant liability

$

$

18,223

$

$

18,223

Contingent consideration

12,179,476

12,179,476

Derivative liability

2,294,720

2,294,720

$

$

18,223

$

14,474,196

$

14,492,419

Schedule of changes in acquisition-related contingent consideration

    

Contingent

Consideration

Liability

Outstanding as of December 31, 2021

$

12,179,476

Change in fair value

 

6,418,355

Outstanding as of September 30, 2022

$

18,597,831

Bailey

    

$

10,698,475

Harper & Jones

 

7,899,356

$

18,597,831

Schedule of changes in derivative liability

Derivative

    

Liability

Outstanding as of December 31, 2021

$

2,294,720

Issuane of convertible notes

559,957

Conversion of underlying notes into common stock

(369,393)

Change in fair value

 

(794,477)

Outstanding as of September 30, 2022

$

1,690,807

Schedule of inventory

September 30,

    

December 31,

2022

2021

Raw materials

    

$

435,025

    

$

292,167

Work in process

 

256,078

 

242,673

Finished goods

 

1,964,248

 

2,220,519

Inventory

$

2,655,352

$

2,755,358

Schedule of potentially dilutive items outstanding

    

September 30, 

2022

    

2021

Convertible notes

 

1,177,305

 

22,404

Series A convertible preferred stock

108

Common stock warrants

 

132,114

 

35,913

Stock options

 

38,951

 

38,751

Total potentially dilutive shares

 

1,348,477

 

97,069