XML 45 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segments (Tables)

9 Months Ended

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	)

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_RevenueRecognitionMilestoneMethodTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration