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 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
| Revenue, net | $ 2,004,853 | $ 1,888,768 | $ 5,701,372 | $ 5,943,818 |
| Cost of sales | 517,875 | 517,660 | 1,493,357 | 1,773,173 |
| Gross profit | 1,486,978 | 1,371,108 | 4,208,015 | 4,170,645 |
| Expenses | ||||
| Selling, general and administrative | 3,589,655 | 2,151,651 | 9,189,829 | 6,445,585 |
| Depreciation and amortization | 320,427 | 286,622 | 900,936 | 1,000,722 |
| Total operating expenses | 3,910,082 | 2,438,273 | 10,090,765 | 7,446,307 |
| Loss from operations | (2,423,104) | (1,067,165) | (5,882,750) | (3,275,662) |
| Other income (expense) | ||||
| Interest expense | (478,437) | (216,523) | (1,007,120) | (561,395) |
| Finance charges | (370,852) | (14,888) | (792,930) | (400,888) |
| Change in fair value of forward purchase agreement | (419,407) | 0 | (419,407) | 0 |
| Other income (expense) | 0 | (103,400) | 13,778 | (193,393) |
| Total other expense, net | (1,268,696) | (334,811) | (2,205,679) | (1,155,676) |
| Net loss | (3,691,800) | (1,401,976) | (8,088,429) | (4,431,338) |
| Preferred dividend | (218,516) | 0 | (218,516) | 0 |
| Net loss attributable to common stockholders | $ (3,910,316) | $ (1,401,976) | $ (8,306,945) | $ (4,431,338) |
| Net loss per share available to common stockholders, basic and diluted | $ (0.54) | $ (0.24) | $ (1.23) | $ (0.77) |
| Weighted average number of shares, basic and diluted | 7,260,195 | 5,777,806 | 6,744,143 | 5,762,324 |
| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition This element represents interest incurred for borrowed money which was used to produce goods or render services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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