| Schedule of accrued expenses and other liabilities |
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2022 |
|
2021 |
Accrued expenses |
|
$ |
705,135 |
|
$ |
213,740 |
Reserve for returns |
|
|
307,725 |
|
|
33,933 |
Payroll related liabilities |
|
|
2,974,361 |
|
|
1,204,665 |
Sales tax liability |
|
|
339,843 |
|
|
268,723 |
Due to seller |
|
|
— |
|
|
396,320 |
Other liabilities |
|
|
130,050 |
|
|
119,764 |
|
|
$ |
4,457,115 |
|
$ |
2,237,145 |
|
| Summary of the convertible notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized |
|
Convertible Note |
|
|
Principal |
|
Debt Discount |
|
Payable, Net |
Balance, December 31, 2020 |
|
$ |
100,000 |
|
$ |
— |
|
$ |
100,000 |
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 |
|
|
9,565,000 |
|
|
(3,963,386) |
|
|
5,601,614 |
Proceeds from issuance of notes |
|
|
8,943,750 |
|
|
(1,992,500) |
|
|
6,951,250 |
Repayments of notes |
|
|
(4,943,750) |
|
|
— |
|
|
(4,943,750) |
Conversion of notes into common stock |
|
|
(9,465,000) |
|
|
— |
|
|
(9,465,000) |
Warrant and common shares issued with convertible notes |
|
|
— |
|
|
(1,368,741) |
|
|
(1,368,741) |
Derivative liability in connection with notes |
|
|
— |
|
|
(559,957) |
|
|
(559,957) |
Amortization of debt discount |
|
|
— |
|
|
6,506,384 |
|
|
6,506,384 |
Balance, December 31, 2022 |
|
$ |
4,100,000 |
|
$ |
(1,378,200) |
|
$ |
2,721,800 |
|