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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 25,600,804 $ 27,486,415 $ 77,984,543 $ 78,349,695
Cost of revenues 22,237,697 21,894,759 61,617,890 62,277,188
Gross profit 3,363,107 5,591,656 16,366,653 16,072,507
Operating expenses:        
General and administrative expenses 8,974,652 9,584,035 29,111,129 26,648,323
Research and development 1,412,219 26,602 3,138,655 707,281
Gain on sale of property 0 (115,700) 0 (5,938,150)
Goodwill impairment losses 14,897,570 0 14,897,570 0
Intangible asset impairment losses 18,407,843 0 18,407,843 0
Total operating expenses 43,692,284 9,494,937 65,555,197 21,417,454
Loss from operations (40,329,177) (3,903,281) (49,188,544) (5,344,947)
Other income (expenses)        
Interest expense (1,196,297) (1,051,239) (3,303,912) (2,636,955)
Gain on debt extinguishment 490,312 0 490,312 0
Other income (expense) (36,510) (6,126) 22,596 356,805
Total other income (expenses) (742,495) (1,057,365) (2,791,004) (2,280,150)
Loss before income tax (41,071,672) (4,960,646) (51,979,548) (7,625,097)
Income tax benefit (115,544) (196,276) (702,411) (400,973)
Net loss (40,956,128) (4,764,370) (51,277,137) (7,224,124)
Net loss attributable to non-controlling interest 88,520 [1] 0 238,279 0
Net loss attributable to common shareholders $ (40,867,608) [1] $ (4,764,370) [1] $ (51,038,858) $ (7,224,124)
Weighted average shares outstanding        
Basic (in shares) [2] 27,409,203 24,721,070 25,666,740 23,472,306
Diluted (in shares) [2] 27,409,203 24,721,070 25,666,740 23,472,306
Basic loss per share (in dollars per share) $ (1.49) $ (0.19) $ (1.99) $ (0.31)
Diluted loss per share (in dollars per share) $ (1.49) $ (0.19) $ (1.99) $ (0.31)
[1] Current and prior period results have been adjusted to reflect the one-for-eight stock split effected in May 2023. See Note 7, Stockholders' Equity for details.
[2] Current and prior period results have been adjusted to reflect the one-for-eight stock split effected in May 2023. See Note 7, Stockholders' Equity for details.