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v3.21.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Segment information |
|  | Powersports |  |  | Automotive |  |  | Vehicle Logistics and Transportation |  |  | Eliminations(1) |  |  | Total |
Three Months Ended March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 48,002,418 |  |  | $ | 56,970,224 |  |  | $ | 12,650,687 |  |  | $ | (27,284,439 | ) |  | $ | 90,338,890 |
Revenue |  | $ | 10,854,884 |  |  | $ | 84,070,855 |  |  | $ | 10,030,352 |  |  | $ | (692,080 | ) |  | $ | 104,264,011 |
Operating income (loss) |  | $ | (5,175,280 | ) |  | $ | 1,641,087 |  |  | $ | 712,079 |  |  | $ | - |  |  | $ | (2,822,114 | )
Depreciation and amortization |  | $ | 572,515 |  |  | $ | 26,725 |  |  | $ | - |  |  | $ | - |  |  | $ | 599,240 |
Interest expense |  | $ | (1,246,322 | ) |  | $ | (360,527 | ) |  | $ | (1,971 | ) |  | $ | - |  |  | $ | (1,608,820 | )
Change in derivative liability |  | $ | (20,652 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (20,652 | )
Three Months Ended March 31, 2020 |
Total assets |  | $ | 54,583,357 |  |  | $ | 75,520,584 |  |  | $ | 8,470,887 |  |  | $ | (26,610,708 | ) |  | $ | 111,964,120 |
Revenue |  | $ | 23,139,080 |  |  | $ | 114,198,079 |  |  | $ | 8,990,181 |  |  | $ | (1,902,590 | ) |  | $ | 144,424,750 |
Operating income (loss) |  | $ | (7,189,585 | ) |  | $ | (13,360,432 | ) |  | $ | 657,083 |  |  | $ | - |  |  | $ | (19,892,934 | )
Depreciation and amortization |  | $ | 462,537 |  |  | $ | 58,607 |  |  | $ | 1,851 |  |  | $ | - |  |  | $ | 522,995 |
Interest expense |  | $ | (1,464,627 | ) |  | $ | (751,834 | ) |  | $ | (296 | ) |  | $ | - |  |  | $ | (2,216,757 | )
Change in derivative liability |  | $ | (116,815 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (116,815 | )
Gain on early extinguishment of debt |  | $ | 188,164 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 188,164 |
(1) | Intercompany investment balances related to the acquisitions of Wholesale and Wholesale Express, LLC ("Wholesale Express") and receivables and other balances related intercompany freight services of Wholesale Express are eliminated in the Condensed Consolidated Balance Sheets. Revenue and costs for these intercompany freight services have been eliminated in the Condensed Consolidated Statements of Operations.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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