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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Consolidated Statements of Operations (Unaudited)        
Revenues $ 185,857,129 $ 116,998,086 $ 529,875,631 $ 357,708,784
Cost of Goods Sold 178,950,754 113,094,330 509,218,015 350,079,862
Gross Profit 6,906,375 3,903,756 20,657,616 7,628,922
Operating expenses        
Stock based compensation 7,847,636 7,557,616 28,351,975 21,351,212
General and administrative 3,515,727 1,928,391 10,420,242 5,324,092
Salaries and related benefits 4,416,656 2,586,680 12,786,665 5,210,140
Professional fees 667,411 431,698 2,580,020 1,264,299
Depreciation and amortization expense 432,921 166,431 1,745,040 314,334
Total operating expenses 16,880,351 12,670,816 55,883,942 33,464,077
(Loss) from operations (9,973,976) (8,767,060) (35,226,326) (25,835,155)
Other income (expenses):        
Loss on impairment 0 (18,119,592) 0 (18,119,592)
Income (loss) from investments, net (117,715) (840,911) (1,140,090) 3,420,417
Amortization of debt discount 494,561 (1,164,806) (7,938,229) (2,147,594)
Amortization of debt discount, related party 0 0 0 (95,127)
Change in fair value of derivative liabilities 28,669,066 0 28,669,066 (400)
Interest expense (520,834) (485,542) (2,001,615) (934,225)
Other income (expense), net (3,346,462) 1,181,781 (2,432,871) 1,171,343
Foreign exchange adjustments (24,347) 251,280 (110,538) (261,432)
Total other expenses, net 24,165,147 (19,177,790) 15,045,723 (16,966,610)
Income (loss) before income taxes 14,191,171 (27,944,850) (20,180,603) (42,801,765)
Income tax benefit (expense) 183,184 2,715,260 1,772,804 5,908,091
Net income (loss) 14,374,355 (25,229,590) (18,407,799) (36,893,674)
Less: Deemed dividend 0 0 (36,697,317) 0
Less: Preferred dividends (302,441) 0 (922,254) 0
Net income (loss) available to common stockholders $ 14,071,914 $ (25,229,590) $ (56,027,370) $ (36,893,674)
Basic income (loss) per share available to common stockholders $ 0.06 $ (0.17) $ (0.29) $ (0.25)
Diluted income (loss) per share available to common stockholders $ 0.05 $ (0.17) $ (0.29) $ (0.25)
Weighted average number of shares outstanding, basic 206,224,561 152,222,589 196,126,428 150,397,062
Weighted average number of shares outstanding, diluted 231,388,387 152,222,589 196,126,428 150,397,062