| Schedule of accrued expenses and other liabilities |
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2021 |
|
2020 |
Accrued expenses |
|
$ |
213,740 |
|
$ |
92,074 |
Reserve for returns |
|
|
33,933 |
|
|
5,229 |
Payroll related liabilities |
|
|
1,204,665 |
|
|
843,704 |
Sales tax liability |
|
|
268,723 |
|
|
196,410 |
Due to seller |
|
|
396,320 |
|
|
— |
Other liabilities |
|
|
119,764 |
|
|
108,230 |
|
|
$ |
2,237,145 |
|
$ |
1,245,646 |
|
| Schedule of the Oasis and First Fire Notes |
The following is a summary of the Oasis and FirstFire Notes for the year ended December 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamorized |
|
Convertible Note |
|
|
Principal |
|
Debt Discount |
|
Payable, Net |
Balance, December 31, 2020 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Issuance of Oasis note, net of issuance costs |
|
|
5,265,000 |
|
|
(715,000) |
|
|
4,550,000 |
Issuance of FirstFire First note, net of issuance costs |
|
|
1,575,000 |
|
|
(315,000) |
|
|
1,260,000 |
Issuance of Second FirstFire note, net of issuance costs |
|
|
2,625,000 |
|
|
(530,000) |
|
|
2,095,000 |
Derivative liability in connection with notes |
|
|
— |
|
|
(3,204,924) |
|
|
(3,204,924) |
Amortization of debt discount |
|
|
— |
|
|
801,538 |
|
|
801,538 |
Balance, December 31, 2021 |
|
$ |
9,465,000 |
|
$ |
(3,963,386) |
|
$ |
5,501,614 |
|