v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||
| Revenue, net | $ 3,087,900 | $ 1,856,148 | $ 5,811,263 | $ 3,696,519 |
| Cost of sales | 606,617 | 484,033 | 1,119,714 | 975,482 |
| Gross profit | 2,481,283 | 1,372,115 | 4,691,549 | 2,721,037 |
| Expenses | ||||
| Selling, general and administrative | 9,187,200 | 3,189,103 | 13,707,098 | 5,600,174 |
| Depreciation and amortization | 781,890 | 291,600 | 1,514,443 | 580,509 |
| Total operating expenses | 9,969,090 | 3,480,703 | 15,221,541 | 6,180,683 |
| Loss from operations | (7,487,807) | (2,108,588) | (10,529,992) | (3,459,646) |
| Other income (expenses) | ||||
| Interest expense | (501,646) | (270,770) | (728,111) | (528,683) |
| Finance charges | (443,288) | (342,015) | (2,143,607) | (422,078) |
| Change in fair value of forward purchase agreement | (2,462,673) | 0 | (2,162,673) | 0 |
| Other expense | 0 | (54,000) | 0 | |
| Gain on sale of assets | 0 | 13,778 | 0 | 13,778 |
| Total other expenses | (3,407,607) | (599,007) | (5,088,391) | (936,983) |
| Net loss | (10,895,414) | (2,707,595) | (15,618,383) | (4,396,629) |
| Preferred dividend | (447,999) | 0 | (895,999) | 0 |
| Net loss attributable to common stockholders | $ (11,343,413) | $ (2,707,595) | $ (16,514,382) | $ (4,396,629) |
| Net loss per share available to common stockholders, basic and diluted | $ (1.10) | $ (0.41) | $ (1.62) | $ (0.68) |
| Weighted average number of shares, basic and diluted | 10,272,141 | 6,567,612 | 10,186,284 | 6,481,840 |
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- 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://fasb.org/us-gaap/role/ref/legacyRef
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- 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 preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- 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 Amount of gain (loss) on sale or disposal of assets utilized in financial service operations. No definition available.
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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://fasb.org/us-gaap/role/ref/legacyRef
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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/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- 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/2009/role/commonPracticeRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- 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/exampleRef
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