XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 428,132 $ 88,440
Cost of goods sold 308,293 81,311
Gross profit 119,839 7,129
Operating expenses:    
Salaries and benefits 3,662,313 3,473,661
Professional services 245,546 357,945
Other general and administrative expenses 1,625,952 1,550,970
Loss on impairment of intangible assets 310,173 0
Loss on impairment of goodwill 4,887,297 1,524,030
Total general and administrative expenses 10,731,281 6,906,606
Depreciation and amortization 274,053 208,448
Total operating expenses 11,005,334 7,115,054
Net operating loss (10,885,495) (7,107,925)
Other income (expense):    
Interest expense, including $925,839 and $607,320 of warrants issued as a debt discount for the years ended December 31, 2022 and 2021, respectively (1,277,965) (5,911)
Gain (loss) on disposal of property and equipment 36,392 (8,036)
Gain on early extinguishment of debt 0 113,772
Gain on investment in Allied Esports Entertainment, Inc. 0 133,944
Total other income (expense) (1,241,573) 233,769
Net loss $ (12,127,068) $ (6,874,156)
Weighted average common shares outstanding - basic and diluted (in shares) 4,835,389 4,262,184
Net loss per common share - basic and diluted (in dollars per share) $ (2.51) $ (1.61)