Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
SALES, net $ 30,081,577 $ 17,002,052
COST OF GOODS SOLD (exclusive of depreciation shown separately below) 19,814,287 11,097,868
GROSS MARGIN 10,267,290 5,904,184
OPERATING EXPENSES    
Selling expenses 26,124,853 10,763,951
Operating Expense 4,521,771 2,309,201
Salaries and wages (including non-cash compensation) 9,275,724 5,799,460
Depreciation and amortization expense 1,621,733 1,290,128
Loss on disposal of fixed assets 11,015 13,512
Total operating expenses 41,555,096 20,176,252
OPERATING LOSS (31,287,806) (14,272,068)
OTHER (EXPENSE) INCOME    
Interest expense (3,027,707) (3,301,818)
PPP loan forgiveness 1,669,552  
Change in fair value of Private Warrants 252,800  
Gain on debt extinguishment 545,200  
Other (expense) income (111,689) 27,115
Total other (expense) income (671,844) (3,274,703)
NET LOSS BEFORE INCOME TAXES (31,959,650) (17,546,771)
Income taxes 30,272  
NET LOSS $ (31,989,922) $ (17,546,771)
Loss per common share:    
Basic and diluted $ (2.16) $ (2.14)
Weighted average shares outstanding:    
Basic and diluted 14,821,319 8,184,663