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Segment Reporting (Tables)

3 Months Ended

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

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- References

No definition available.

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