XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 4,051,711 $ 6,337,699 $ 15,197,297 $ 22,314,519
Cost of revenue:        
Total cost of revenue 2,311,737 5,111,550 11,693,493 16,806,541
Gross profit 1,739,974 1,226,149 3,503,804 5,507,978
Selling, general and administrative expenses:        
Research and development expense 210,818 564,146 1,244,060 2,039,361
Selling, advertising and promotional expense 414,727 1,932,982 1,902,489 5,885,097
General and administrative expense 3,666,728 3,877,064 10,462,747 13,845,074
Goodwill and intangible asset impairment charge 4,830,000 4,830,000
Total selling, general and administrative expenses 9,122,273 6,374,192 18,439,296 21,769,532
Operating loss (7,382,299) (5,148,043) (14,935,492) (16,261,554)
Other income (expense):        
Interest income 13,775 12,986 63,064 84,071
Interest expense (771,846) (959,898) (2,505,536) (2,480,947)
Other income (expense) 8,920 25,394 66,966 76,180
Loss on accrual for legal settlement (1,792,308)
Loss on conversion of convertible note (93,386)
Change in fair value of warrant derivative liabilities 2,530,675 1,863,326 2,178,965 1,803,560
Change in fair value of contingent consideration promissory notes 19,888 177,909
Gain on extinguishment of liabilities 9,385 507,304 691,730 507,304
Loss on extinguishment of debt (310,505)   (379,332)
Gain on sale of intangibles 5,582
Gain on sale of property, plant and equipment 431,183 389,522
Total other income (expense) 1,911,587 1,469,000 510,961 (1,717,617)
Income (loss) before income tax benefit (5,470,712) (3,679,043) (14,424,531) (17,979,171)
Income tax benefit
Net loss (5,470,712) (3,679,043) (14,424,531) (17,979,171)
Net (income) loss attributable to noncontrolling interests of consolidated subsidiary 2,000,206 (29,630) 1,939,143 (228,624)
Net loss attributable to common stockholders $ (3,470,506) $ (3,708,673) $ (12,485,388) $ (18,207,795)
Net loss per share information:        
Basic $ (0.91) $ (1.32) $ (3.90) $ (6.55)
Diluted $ (0.91) $ (1.32) $ (3.90) $ (6.55)
Weighted average shares outstanding:        
Basic 3,820,860 2,800,752 3,204,495 2,779,530
Diluted 3,820,860 2,800,752 3,204,495 2,779,530
Product [Member]        
Revenue:        
Total revenue $ 803,945 $ 2,095,237 $ 4,577,392 $ 7,626,706
Cost of revenue:        
Total cost of revenue 547,562 2,587,750 5,534,209 7,108,366
Service, Other [Member]        
Revenue:        
Total revenue 3,247,766 4,242,462 10,619,905 14,687,813
Cost of revenue:        
Total cost of revenue $ 1,764,175 $ 2,523,800 $ 6,159,284 $ 9,698,175