XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Consolidated Statements of Operations (Unaudited)        
Revenue (including related party revenue of $0, $7,919, $970 and $21,349, respectively) $ 6,257,882 $ 1,992,167 $ 13,803,321 $ 6,158,704
Cost of revenue (including related party costs of $152,359, $222,637, $552,154 and $1,176,733, respectively) 3,953,660 1,377,523 9,154,654 4,546,961
Gross Profit 2,304,222 614,644 4,648,667 1,611,743
Operating expenses:        
Sales and marketing 138,442 22,357 270,991 62,668
Product development (including related party expense of $38,473, $55,135, $151,157 and $173,515, respectively) 465,141 79,663 610,805 220,157
Amortization of intangibles 842,934 184,172 1,677,202 502,518
Impairment expense 2,530,325 0 2,530,325 0
General and administrative (including share-based compensation expense of $1,928,646, $995,811, $3,543,887 and $2,646,013, respectively, and related party expenses of $25,121, $40,114, $112,149 and $127,004, respectively) 4,882,762 2,223,312 10,491,264 5,998,617
Total operating expenses 8,859,604 2,509,504 15,580,587 6,783,960
Loss from Operations (6,555,382) (1,894,860) (10,931,920) (5,172,217)
Other income (expenses):        
Interest expense (including related party interest expense of $0, $0, $30,466 and $0, respectively) (167,728) (882,235) (3,188,138) (1,130,315)
Initial derivative expense   0 (3,585,983) (3,340,554)
Change in derivative value due to anti-dilution adjustments 0 0 0 (2,642,175)
Change in fair value of derivative liability (887,791) 4,210,526 7,315,580 3,306,350
Forgiveness of debt income 0 0 24,925 0
Grant income 0 3,506 3,382 10,768
Net recognized loss on marketable securities (890) (1,519) (1,424) (20,259)
Other expense (38,285) 0 (38,285) 0
Total other income (expenses) (1,094,694) 3,330,278 530,057 (3,816,185)
Income (Loss) before income taxes (7,650,076) 1,435,418 (10,401,863) (8,988,402)
Provision for income taxes 0 0 0 0
Net Income (Loss) $ (7,650,076) $ 1,435,418 $ (10,401,863) $ (8,988,402)
Net income (loss) per common share - basic $ (0.56) $ 0.28 $ (1.57) $ (1.91)
Net income (loss) per common share diluted $ (0.56) $ (0.32) $ (1.57) $ (1.91)
Weighted average common shares - basic 13,592,644 5,127,443 6,624,388 4,716,249
Weighted average common shares - diluted 13,592,644 8,780,886 6,624,388 4,716,249