XML 86 R72.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets:      
Cash and cash equivalents $ 254,527 $ 575,986 $ 40,469
Accounts receivable, net 272,264 35,532  
Due from factor, net 1,094,309 210,033  
Inventory 2,327,542 1,163,279 1,061,969
Prepaid expenses and other current assets 1,525,818 23,826 63,516
Total current assets 5,474,460 2,008,656 1,165,954
Deferred offering costs 367,696 214,647  
Property, equipment and software, net 97,862 62,313 72,593
Goodwill 17,771,031 6,479,218  
Intangible assets, net 16,779,126 7,494,667  
Deposits 174,109 92,668 43,510
Total assets 40,664,284 16,352,169 1,282,057
Current liabilities:      
Accounts payable 6,855,352 5,668,703 1,597,770
Accrued expenses and other liabilities 1,853,954 1,245,646 1,121,317
Deferred revenue 193,023 1,667 15,231
Due to related parties 232,635 441,453 263,427
Contingent consideration liability 10,527,910    
Convertible notes, current 100,000 700,000  
Accrued interest payable 855,729 737,039 129,982
Note payable - related party 299,489 137,856 115,000
Venture debt, current 300,000 5,854,326 4,382,549
Loan payable, current 1,796,000 992,000  
Promissory note payable, current 655,000 4,500,000  
Total current liabilities 23,669,092 20,278,690 7,625,276
Convertible note payable, net 2,793,385 1,215,815 799,280
Loan payable 1,677,213 709,044  
Promissory note payable 2,845,000    
Venture debt, net of discount 5,701,755    
Derivative liability 2,486,843    
Warrant liability 28,195 6,265 7,700
Total liabilities 39,201,483 22,209,814 8,432,256
Commitments and contingencies (Note 12)
Stockholders' equity (deficit):      
Common stock, $0.0001 par, 200,000,000 and 110,000,000 shares authorized, 12,627,488 and 664,167 shares issued and outstanding as of both September 30, 2021 and December 31, 2020, respectively 1,263 66 [1] 66 [1]
Additional paid-in capital 57,467,015 27,481,995 15,486,050
Accumulated deficit (56,005,477) (33,345,997) (22,617,702)
Total stockholders' equity (deficit) 1,462,801 (5,857,645) (7,150,199)
Total liabilities and stockholders' equity (deficit) $ 40,664,284 16,352,169 1,282,057
Series Seed Preferred Stock      
Stockholders' equity (deficit):      
Convertible preferred stock   2,071 2,071
Series A convertible preferred stock      
Stockholders' equity (deficit):      
Convertible preferred stock   565 565
Series A-2 convertible preferred stock      
Stockholders' equity (deficit):      
Convertible preferred stock   593 593
Series A-3 convertible preferred stock      
Stockholders' equity (deficit):      
Convertible preferred stock   904 823
Series CF convertible preferred stock      
Stockholders' equity (deficit):      
Convertible preferred stock   83 $ 12
Series B Convertible Preferred Stock      
Stockholders' equity (deficit):      
Convertible preferred stock   $ 2,075  
[1] The shares have been retroactively restated to reflect the 1-for-15.625 reverse stock split approved by the board of directors and shareholders in May 2021, of its issued and outstanding shares of common stock and a proportional adjustment to the existing conversion ratios for each series of the Company’s convertible preferred stock (see Note 14)