Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
SALES, net $ 10,946,158 $ 7,351,323 $ 18,366,712 $ 14,185,798
COST OF GOODS SOLD (exclusive of depreciation shown separately below) 15,371,112 3,770,271 21,667,739 7,926,921
GROSS (LOSS) MARGIN (4,424,954) 3,581,052 (3,301,027) 6,258,877
OPERATING EXPENSES        
Selling expenses 4,717,178 5,593,122 8,743,233 12,046,413
Operating Expense 1,349,157 970,302 2,579,540 2,030,086
Salaries and wages 3,510,076 1,601,664 6,095,976 3,003,310
Depreciation and amortization expense 503,360 396,708 947,725 791,556
Prepaid media reserve 1,489,028   1,489,028  
Gain on disposal of fixed assets (24,012) (9,654) (24,012) (8,578)
Total operating expenses 11,544,787 8,552,142 19,831,490 17,862,787
OPERATING LOSS (15,969,741) (4,971,090) (23,132,517) (11,603,910)
OTHER (EXPENSE) INCOME        
Interest expense (180,536) (1,147,168) (369,031) (1,957,257)
PPP loan forgiveness       1,669,552
Change in fair value of Private Warrants 39,996   85,310  
Gain on debt extinguishment   545,200   545,200
Other (expense) income (215,383) 12,341 (215,382) 24,548
Total other (expense) income (355,923) (589,627) (499,103) 282,043
NET LOSS BEFORE INCOME TAXES (16,325,664) (5,560,717) (23,631,620) (11,321,867)
Income taxes 28,655 0 36,441 0
NET LOSS $ (16,354,319) $ (5,560,717) $ (23,668,061) $ (11,321,867)
Loss per common share:        
Basic $ (0.53) $ (0.55) $ (0.78) $ (1.12)
Diluted $ (0.53) $ (0.55) $ (0.78) $ (1.12)
Weighted average shares outstanding:        
Basic 30,946,486 10,139,422 30,355,697 10,141,928
Diluted 30,946,486 10,139,422 30,355,697 10,141,928