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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 371,591 $ 350,207 $ 686,159 $ 630,524
Cost of goods sold 134,075 142,877 243,518 240,635
Gross profit 237,516 207,330 442,641 389,889
General and administrative expense 2,351,696 2,077,973 4,775,347 5,348,750
Operations expense 909,113 567,796 1,800,184 1,142,608
Sales and marketing expense 271,022 159,788 575,489 274,429
Loss on impairment of goodwill 7,231,093 0 7,231,093 0
Total operating loss (10,525,408) (2,598,227) (13,939,472) (6,375,898)
Other income 41,047 57,033 83,477 85,292
Other expense (2,217) (1,829) (3,206) (236,801)
Gain (loss) on derivative instruments 95,254 (30,909) 97,162 64,762
Net loss (10,391,324) (2,573,932) (13,762,039) (6,462,645)
Net loss attributable to common shareholders per common shares-basic and diluted $ (10,391,324) $ (2,573,932) $ (13,762,039) $ (6,462,645)
Loss per common share basic (in dollars per share) $ (0.15) $ (0.05) $ (0.20) $ (0.15)
Loss per common share diluted (in dollars per share) $ (0.15) $ (0.05) $ (0.20) $ (0.15)
Weighted average shared used in computation - basic (in shares) [1] 68,896,506 51,581,762 67,374,250 44,089,157
Weighted average shared used in computation - diluted (in shares) 68,896,506 51,581,762 67,374,250 44,089,157
[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: Six Months ended June 30, 2022 2021 Options 1,035,245 1,013,780 Restricted Stock Units 366,666 325,000 Warrants 36,398,526 31,747,118 Preferred stock: series B 79,246 79,246