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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 2,337,786 $ 3,345,552 $ 9,637,016 $ 11,418,222
Cost of goods sold 2,835,763 3,095,418 9,263,015 8,869,432
Gross margin (497,977) 250,134 374,001 2,548,790
Expenses:        
Consulting/payroll and other costs 478,371 1,039,273 1,475,450 2,915,377
Compensation expense – officers – related party (425,000)
Compensation expense – officers – deferred comp – related party (1,985,936) 492,189
Rental expense, warehousing, outlet expense 103,562 230,226 335,743 732,360
Product development costs 277,483 20,326 713,883 36,821
Marketing and brand development costs 624,509 517,345 1,189,219 942,687
Administrative and other 1,414,889 1,347,181 3,323,566 2,542,181
Depreciation and amortization expense 54,817 24,895 109,813 79,260
Total operating expenses 542,695 3,179,246 7,639,863 7,248,686
Operating loss (1,040,672) (2,929,112) (7,265,862) (4,699,896)
Other Income (Expense)        
Interest expense (649,216) (95,330) (2,128,357) (250,877)
Interest expense – pre-emptive rights release
Interest income 348 3,203 1,059 3,203
Employee retention credit funds, net of costs to collect 1,107,672
Gain/(loss) on sale of equipment 4,088 3,426 1,400
Tangible asset valuation adjustment
Impairment adjustment – goodwill
Gain/(loss) on settlement of debt instrument (62,505) (312,505)
Gain on settlement of liability 227,569 227,569
Net loss before income tax provision (1,747,957) (2,793,670) (9,702,239) (3,610,929)
Provision for income tax
Net loss $ (1,747,957) $ (2,793,670) $ (9,702,239) $ (3,610,929)
Basic loss per share $ (0.67) $ (0.95) $ (1.48) $ (2.50)
Diluted loss per share $ (0.67) $ (0.95) $ (1.48) $ (2.50)
Weighted average common shares outstanding - basic 2,594,057 2,930,700 6,550,790 1,442,600
Weighted average common shares outstanding - diluted 2,594,057 2,930,700 6,550,790 1,442,600