XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenue $ 6,337,699 $ 8,484,153 $ 22,314,519 $ 28,130,392
Cost of revenue:        
Total cost of revenue 5,111,550 7,888,653 16,806,541 23,876,194
Gross profit 1,226,149 595,500 5,507,978 4,254,198
Selling, general and administrative expenses:        
Research and development expense 564,146 616,174 2,039,361 1,654,395
Selling, advertising and promotional expense 1,932,982 1,832,916 5,885,097 7,375,364
General and administrative expense 3,877,064 4,713,433 13,845,074 15,256,049
Total selling, general and administrative expenses 6,374,192 7,162,523 21,769,532 24,285,808
Operating loss (5,148,043) (6,567,023) (16,261,554) (20,031,610)
Other income (expense):        
Interest income 12,986 13,333 84,071 116,928
Interest expense (959,898) (14,255) (2,480,947) (39,766)
Other income (loss) 25,394 (1,892) 76,180 41,167
Loss on accrual for legal settlement (1,792,308)
Loss on conversion of convertible note (93,386)
Change in fair value of contingent consideration promissory notes 19,888 (138,877) 177,909 347,169
Change in fair value of short-term investments (84,818)
Change in fair value of warrant derivative liabilities 1,863,326 1,164,849 1,803,560 6,726,638
Gain on extinguishment of liabilities 507,304 507,304
Gain on extinguishment of warrant derivative liabilities 3,624,794 3,624,794
Total other income (expense) 1,469,000 4,647,952 (1,717,617) 10,732,112
Loss before income tax benefit (3,679,043) (1,919,071) (17,979,171) (9,299,498)
Income tax benefit
Net loss (3,679,043) (1,919,071) (17,979,171) (9,299,498)
Net (income) attributable to noncontrolling interests of consolidated subsidiary (29,630) 16,596 (228,624) (268,636)
Net loss attributable to common stockholders $ (3,708,673) $ (1,902,475) $ (18,207,795) $ (9,568,134)
Net loss per share information:        
Basic $ (1.32) $ (0.76) $ (6.55) $ (3.83)
Diluted $ (1.32) $ (0.76) $ (6.55) $ (3.83)
Weighted average shares outstanding:        
Basic 2,800,752 2,518,261 2,779,530 2,498,681
Diluted 2,800,752 2,518,261 2,779,530 2,498,681
Product [Member]        
Revenue:        
Total revenue $ 2,095,237 $ 3,062,373 $ 7,626,706 $ 7,682,614
Cost of revenue:        
Total cost of revenue 2,587,750 3,262,457 7,108,366 8,154,984
Service, Other [Member]        
Revenue:        
Total revenue 4,242,462 5,421,780 14,687,813 20,447,778
Cost of revenue:        
Total cost of revenue $ 2,523,800 $ 4,626,196 $ 9,698,175 $ 15,721,210