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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |  |
Schedule of financial assets and liabilities measured at fair value on recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements
​ | ​ | as of June 30, 2023 Using:
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements
​ | ​ | as of December 31, 2022 Using:
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | — | ​ | $ | — | ​ | $ | 12,098,475 | ​ | $ | 12,098,475
​ | ​ | $ | — | ​ | $ | — | ​ | $ | 12,098,475 | ​ | $ | 12,098,475
| ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements
​ | ​ | as of December 31, 2022 Using:
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Warrant liability | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Contingent consideration | ​ |  | — | ​ |  | — | ​ |  | 12,098,475 | ​ |  | 12,098,475
Derivative liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | $ | — | ​ | $ | — | ​ | $ | 12,098,475 | ​ | $ | 12,098,475
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements
​ | ​ | as of December 31, 2021 Using:
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Warrant liability | ​ | $ | — | ​ | $ | 18,223 | ​ | $ | — | ​ | $ | 18,223
Contingent consideration | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,179,476 | ​ | ​ | 12,179,476
Derivative liability | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,294,720 | ​ | ​ | 2,294,720
​ | ​ | $ | — | ​ | $ | 18,223 | ​ | $ | 14,474,196 | ​ | $ | 14,492,419
​
Summary of contingent consideration | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2023 |  | 2022
Bailey |  | $ | — | ​ | $ | 10,698,475
Harper & Jones | ​ |  | — | ​ |  | 1,400,000
​ | ​ | $ | — | ​ | $ | 12,098,475
| ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ |  | 2022 |  | 2021
Bailey | ​ | $ | 10,698,475 |  | ​ | 7,935,016
Harper & Jones | ​ |  | 1,400,000 |  | ​ | 4,244,460
​ | ​ | $ | 12,098,475 | ​ | $ | 12,179,476
Schedule of inventory | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Raw materials |  | $ | 1,508,416 |  | $ | 1,611,134
Work in process | ​ |  | 653,412 | ​ |  | 888,643
Finished goods | ​ |  | 2,609,443 | ​ |  | 2,725,505
Inventory | ​ | $ | 4,771,271 | ​ | $ | 5,225,282
| ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2022 |  | 2021
Raw materials |  | $ | 1,508,416 |  | $ | 292,167
Work in process | ​ |  | 888,643 | ​ |  | 242,673
Finished goods | ​ |  | 2,725,505 | ​ |  | 2,220,519
Inventory | ​ | $ | 5,122,564 | ​ | $ | 2,660,203
Schedule of the computation of basic and diluted net income (loss) per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
Numerator: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Net income (loss) from continuing operations | ​ | $ | 6,536,310 | ​ | $ | (9,482,520) | ​ | $ | 470,415 | ​ | $ | (17,200,792)
Income (loss) from discontinued operations, net of tax | ​ |  | (1,492,050) | ​ |  | (51,404) | ​ |  | (1,562,503) | ​ |  | (166,074)
Net income (loss) | ​ | $ | 5,044,260 | ​ | $ | (9,533,924) | ​ | $ | (1,092,088) | ​ | $ | (17,366,866)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Weighted average common shares outstanding - basic | ​ |  | 246,809 | ​ |  | 14,329 | ​ |  | 236,824 | ​ |  | 9,836
Weighted average common shares outstanding - diluted | ​ |  | 834,604 | ​ |  | 14,329 | ​ |  | 824,619 | ​ |  | 9,836
Net income (loss) from continuing operations per share - basic | ​ | $ | 26.48 | ​ | $ | (661.78) | ​ | $ | 1.99 | ​ | $ | (1,748.68)
Net income (loss) from continuing operations per share - diluted | ​ | $ | 7.83 | ​ | $ | (661.78) | ​ | $ | 0.57 | ​ | $ | (1,748.68)
Net income (loss) from discontinued operations per common share – basic | ​ | $ | (6.05) | ​ | $ | (3.59) | ​ | $ | (6.60) | ​ | $ | (16.88)
Net income (loss) from discontinued operations per common share – diluted | ​ | $ | (6.05) | ​ | $ | (3.59) | ​ | $ | (6.60) | ​ | $ | (16.88)
Net income (loss) per share – basic | ​ | $ | 20.44 | ​ | $ | (665.36) | ​ | $ | (4.61) | ​ | $ | (1,765.57)
Net income (loss) per share – diluted | ​ | $ | 6.04 | ​ | $ | (665.36) | ​ | $ | (4.61) | ​ | $ | (1,765.57)
​ |
Schedule of potentially dilutive items outstanding | ​
​ | ​ | ​ | ​ | ​
​ |  | June 30,
​ | ​ | 2023 |  | 2022
​ |  | — |  | 18,496
Convertible notes | ​ | 27,097 | ​ | —
Series A convertible preferred stock | ​ | 321,395 | ​ | —
Series C convertible preferred stock |  | 237,746 | ​ | 2,533
Common stock warrants |  | 1,558 | ​ | 1,558
Stock options |  | 587,795 | ​ | 22,588
| ​
​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ | ​ | 2022 |  | 2021
Convertible notes | ​ | 37,915 | ​ | 1,916
Series A convertible preferred stock |  | 4,320 |  | —
Common stock warrants |  | 176,733 |  | 1,432
Stock options |  | 1,558 |  | 1,558
Total potentially dilutive shares |  | 220,526 |  | 4,907
Schedule of business acquisition pro forma information |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
​ | ​ | December 31,
​ | ​ | 2022 | ​ | 2021
Net revenues | ​ | $ | 28,519,261 | ​ | $ | 34,635,426
Net loss | ​ | $ | (42,001,415) | ​ | $ | (33,171,473)
Net loss per common share | ​ | $ | (1,361.50) | ​ | $ | (10,870.25)
Schedule of estimated useful lives of amortizable intangible assets |  | ​
​ | ​ | ​
Customer relationships |  | 3 years
Schedule of changes in common stock warrant liability |  | ​
​ | ​ | ​ | ​
​ |  | Warrant
​ | ​ | Liability
Outstanding as of December 31, 2020 | ​ | $ | 6,265
Change in fair value | ​ |  | 11,958
Outstanding as of December 31, 2021 | ​ | ​ | 18,223
Change in fair value | ​ | ​ | (18,223)
Outstanding as of December 31, 2022 | ​ | $ | —
Summary of goodwill and intangible impairment |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
​ |  | 2022 |  | 2021
Bailey brand name (intangibles) |  | $ | 2,182,000 |  | $ | 3,400,000
Bailey goodwill | ​ |  | 3,321,095 | ​ |  | —
Total impairment | ​ | $ | 5,503,095 | ​ | $ | 3,400,000

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