Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
SALES, net $ 17,710,444 $ 29,945,873
COST OF GOODS SOLD (exclusive of depreciation shown separately below) 15,277,339 30,656,502
GROSS (LOSS) PROFIT 2,433,105 (710,629)
OPERATING EXPENSES    
Selling expenses 7,451,984 14,674,171
Operating Expense 1,771,681 4,392,133
Salaries and wages 6,422,837 10,504,840
Depreciation and amortization expense 2,221,094 1,961,073
Gain on disposal of fixed assets (9,705) (74,741)
Total operating expenses 17,857,891 31,457,476
OPERATING LOSS (15,424,786) (32,168,105)
OTHER (EXPENSE) INCOME    
Interest expense (3,631,627) (895,759)
Change in fair value of Private Warrants 20,625 107,750
Other income (expense) (4,231) (258,853)
Total other (expense) income (3,615,233) (1,046,862)
NET LOSS BEFORE INCOME TAXES (19,040,019) (33,214,967)
Income tax expense (benefit) 965 (74,522)
NET LOSS $ (19,040,984) $ (33,140,445)
Loss per common share:    
Basic $ (8.59) $ (16.18)
Diluted $ (8.59) $ (16.18)
Weighted average shares outstanding:    
Basic 2,215,417 2,048,185
Diluted 2,215,417 2,048,185