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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 455,827 $ 313,663 $ 1,141,986 $ 944,187
Cost of goods sold 108,151 110,165 351,669 350,800
Gross profit 347,676 203,498 790,317 593,387
General and administrative expense 3,287,918 2,061,458 8,063,265 7,410,208
Operations expense 857,130 648,935 2,657,314 1,791,543
Sales and marketing expense 333,377 172,869 908,867 447,298
Loss on goodwill impairment 0 2,813,792 7,231,093 2,813,792
Total operating loss (4,130,749) (5,493,556) (18,070,222) (11,869,454)
Other income 63,047 58,830 146,524 144,122
Other expense (2,001) (7,413) (5,207) (244,214)
Gain on derivative instruments 10,219 4,122 107,381 68,884
Net loss (4,059,484) (5,438,017) (17,821,524) (11,900,662)
Net loss attributable to common shareholders per common shares-basic and diluted $ (4,059,484) $ (5,438,017) $ (17,821,524) $ (11,900,662)
Loss per common share basic and diluted (in dollars per share) $ (0.05) $ (0.08) $ (0.25) $ (0.23)
Weighted average shared used in computation – basic and diluted (in shares) [1] 78,383,878 65,406,312 71,084,454 51,272,960
[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