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Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income        
Total income $ 28,480,898 $ 15,919,973 $ 81,941,561 $ 36,702,894
Operating Expenses        
Personnel 16,101,023 9,305,227 43,766,412 19,117,630
Transaction expense 11,556,891 6,079,802 29,638,462 14,786,681
Third-party technology and data 1,410,595 631,564 3,680,225 1,488,627
Marketing, advertising, and tradeshows 2,323,145 589,191 5,699,154 1,413,739
General and administrative 4,320,404 1,871,439 10,609,726 3,594,256
Provision for uncollectible accounts 10,456,447 4,480,679 32,880,630 9,615,268
Total operating expenses 46,168,505 22,957,902 126,274,609 50,016,201
Operating Loss (17,687,607) (7,037,929) (44,333,048) (13,313,307)
Other Income (Expense)        
Net interest expense (1,172,541) (1,148,508) (3,752,268) (3,004,047)
Other income and expense, net 37,223 21,500 (16,682) (32,511)
Loss on extinguishment of line of credit 0 0 (1,092,679) 0
Loss before taxes (18,822,925) (8,164,937) (49,194,677) (16,349,865)
Income tax expense (benefit) 11,201 (466) 51,678 7,909
Net Loss (18,834,126) (8,164,471) (49,246,355) (16,357,774)
Other Comprehensive (Loss) Income        
Foreign currency translation adjustment (212,357) 10,517 291,094 20,402
Total Comprehensive Loss $ (19,046,483) $ (8,153,954) $ (48,955,261) $ (16,337,372)
Net Losses per Share:        
Basic loss per common share (in usd per share) $ (0.09) $ (0.04) $ (0.25) $ (0.09)
Diluted loss per common share (in usd per share) $ (0.09) $ (0.04) $ (0.25) $ (0.09)
Net Losses per Share:        
Basic weighted average shares outstanding (shares) 202,326,434 192,767,120 199,069,123 183,661,507
Diluted weighted average shares outstanding (shares) 202,326,434 192,767,120 199,069,123 183,661,507
Sezzle income        
Income        
Total income $ 24,474,900 $ 13,574,847 $ 70,460,583 $ 31,461,964
Account reactivation fee income        
Income        
Total income $ 4,005,998 $ 2,345,126 $ 11,480,978 $ 5,240,930