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v3.23.3

Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Segments [Abstract] |
Schedule of Company’s Revenues | The following tables set forth the Company’s revenues, net and adjusted EBITDA for the three and nine months ended September 30, 2023 and 2022:
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenues, net: |  |  |  |  |  |  |  |  |  |  |  |
Marketplace |  |  |  |  |  |  |  |  |  |  |  |
Advertising sales |  | $ | 875,546 |  |  | $ | 124,634 |  |  | $ | 1,783,287 |  |  | $ | 197,575 |
Brands |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  |  | 1,387,951 |  |  |  | - |  |  |  | 1,387,951 |  |  |  | - |
Returns and discounts |  |  | (232,597 | ) |  |  | - |  |  |  | (232,597 | ) |  |  | - |
Total Brand revenues, net |  |  | 1,155,354 |  |  |  | - |  |  |  | 1,155,354 |  |  |  | - |
Total revenues, net |  | $ | 2,030,900 |  |  | $ | 124,634 |  |  | $ | 2,938,641 |  |  | $ | 197,575 |
Schedule of Segment |
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |  |
Marketplace EBITDA |  | $ | (6,339,765 | ) |  | $ | (1,922,347 | ) |  | $ | (14,082,492 | ) |  | $ | (4,290,320 | )
Brands EBITDA |  |  | (1,384,997 | ) |  |  | - |  |  |  | (1,384,997 | ) |  |  | - |
Total adjusted EBITDA |  |  | (7,724,762 | ) |  |  | (1,922,347 | ) |  |  | (15,467,489 | ) |  |  | (4,290,320 | )
Transaction costs incurred in connection with the Business Combination |  |  | (3,309,597 | ) |  |  | - |  |  |  | (7,048,177 | ) |  |  | - |
Share-based compensation (exclusive of what is included in transaction costs above) |  |  | (1,185,089 | ) |  |  | - |  |  |  | (1,185,089 | ) |  |  | - |
Depreciation and amortization |  |  | (759,745 | ) |  |  | (203,489 | ) |  |  | (2,004,319 | ) |  |  | (477,405 | )
Other income, net |  |  | 119,957 |  |  |  | 328 |  |  |  | 173,644 |  |  |  | 8,174 |
Change in fair value of warrant liabilities |  |  | (7,783,000 | ) |  |  | - |  |  |  | (7,783,000 | ) |  |  | - |
Change in fair value of earn-out liabilities |  |  | 450,000 |  |  |  | - |  |  |  | 450,000 |  |  |  | - |
Change in fair value of convertible notes |  |  | - |  |  |  | - |  |  |  | (14,571,109 | ) |  |  | - |
Income tax benefit (expense) |  |  | 262 |  |  |  | 4,208 |  |  |  | (1,527 | ) |  |  | 3,495 |
Interest expense, net |  |  | (46,690 | ) |  |  | - |  |  |  | (210,545 | ) |  |  | - |
Net loss |  | $ | (20,238,664 | ) |  | $ | (2,121,300 | ) |  | $ | (47,647,611 | ) |  | $ | (4,756,056 | )

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- Definition Tabular disclosure of the entity's accounting policy for the recognition of revenue under the milestone method. Includes: (1) a description of the overall arrangement; (2) a description of each milestone and related contingent consideration; (3) a determination of whether each milestone is considered substantive; (4) the factors that the entity considered in determining whether the milestone or milestones are substantive; and (5) the amount of consideration recognized during the period for the milestone or milestones. + References No definition available. + Details
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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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