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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 350,207 $ 182,784 $ 630,524 $ 477,727
Cost of goods sold 142,877 85,261 240,635 177,918
Gross profit 207,330 97,523 389,889 299,809
General and administrative expense 2,077,973 3,211,817 5,348,750 6,040,293
Operations expense 567,796 521,116 1,142,608 1,069,869
Sales and marketing expense 159,788 133,015 274,429 397,424
Total operating loss (2,598,227) (3,768,425) (6,375,898) (7,207,777)
Other income 57,033 52,965 85,292 52,968
Other expense (1,829) (729,837) (236,801) (1,846,912)
Gain (loss) on derivative instruments (30,909) (422,081) 64,762 (394,974)
Gain on notes receivables associated with asset purchase 0 1,290,000 0 1,290,000
Net loss (2,573,932) (3,577,378) (6,462,645) (8,106,695)
Net loss attributable to common shareholders per common shares-basic and diluted $ (2,573,932) $ (3,577,378) $ (6,462,645) $ (8,106,695)
Loss per common share basic (in dollars per share) $ (0.05) $ (0.36) $ (0.15) $ (1.10)
Loss per common share diluted (in dollars per share) $ (0.05) $ (0.36) $ (0.15) $ (1.10)
Weighted average shared used in computation - basic (in shares) [1] 51,581,762 9,838,152 44,089,157 7,362,240
Weighted average shared used in computation - diluted (in shares) 51,581,762 9,838,152 44,089,157 7,362,240
[1] The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive: