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Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Segments [Abstract] |
Schedule of 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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