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Condensed Consolidated Statements of Net Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 490,110 $ 371,591 $ 730,005 $ 686,159
Cost of goods sold 159,761 134,075 279,900 243,518
Gross margin 330,349 237,516 450,105 442,641
General and administrative expense 2,704,527 2,351,696 5,040,511 4,775,347
Operations expense 993,042 909,113 1,871,560 1,800,184
Sales and marketing expense 429,103 271,022 799,340 575,489
Loss on impairment of goodwill 0 7,231,093 0 7,231,093
Loss on impairment of property and equipment 162,905 0 162,905 0
Total operating loss (3,959,228) (10,525,408) (7,424,211) (13,939,472)
Other income 28,552 41,047 70,780 83,477
Other expense 0 (2,217) 0 (3,206)
Gain on derivative instruments 7,308 95,254 8,261 97,162
Net loss $ (3,923,368) $ (10,391,324) $ (7,345,170) $ (13,762,039)
Net loss per common share – basic and diluted (in dollars per share) $ (0.98) $ (2.89) $ (1.84) $ (4.00)
Weighted average shares used in computation – basic and diluted (in shares) 3,996,512 3,589,684 3,982,384 3,441,546