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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
SALES, net $ 6,170,468 $ 9,061,770 $ 24,537,180 $ 23,247,568
COST OF GOODS SOLD (exclusive of depreciation shown separately below) 4,786,054 5,807,924 26,453,793 13,734,845
GROSS (LOSS) MARGIN 1,384,414 3,253,846 (1,916,613) 9,512,723
OPERATING EXPENSES        
Selling expenses 2,640,667 5,826,749 12,872,928 17,873,161
Operating Expense 1,084,596 1,234,002 3,664,135 3,264,087
Salaries and wages 1,939,670 3,973,204 8,035,646 6,976,515
Depreciation and amortization expense 518,240 402,290 1,465,966 1,193,846
Gain on disposal of fixed assets (50,280) (13,250) (74,292) (21,828)
Total operating expenses 6,132,893 11,422,995 25,964,383 29,285,781
OPERATING LOSS (4,748,479) (8,169,149) (27,880,996) (19,773,058)
OTHER (EXPENSE) INCOME        
Interest expense (189,794) (757,811) (558,825) (2,715,068)
PPP loan forgiveness       1,669,552
Change in fair value of Private Warrants 14,644 213,300 99,954 213,300
Gain on debt extinguishment       545,200
Other (expense) income (43,470) 2,577 (258,853) 27,124
Total other (expense) income (218,620) (541,934) (717,724) (259,892)
NET LOSS BEFORE INCOME TAXES (4,967,099) (8,711,083) (28,598,720) (20,032,950)
Income taxes 507 0 36,948 0
NET LOSS $ (4,967,606) $ (8,711,083) $ (28,635,668) $ (20,032,950)
Loss per common share:        
Basic $ (0.16) $ (0.48) $ (0.94) $ (1.56)
Diluted $ (0.16) $ (0.48) $ (0.94) $ (1.56)
Weighted average shares outstanding:        
Basic 30,991,943 18,263,099 30,568,431 12,878,733
Diluted 30,991,943 18,263,099 30,568,431 12,878,733