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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]        
Net revenues $ 2,440,801 $ 3,257,332 $ 9,413,457 $ 12,127,135
Cost of net revenues 1,319,214 1,554,044 5,012,457 6,094,532
Gross profit 1,121,587 1,703,288 4,401,000 6,032,603
Operating expenses:        
General and administrative 2,429,040 3,735,527 6,347,460 12,115,590
Sales and marketing 655,833 1,151,377 1,979,173 3,188,054
Distribution 180,879 238,546 745,412 750,945
Impairment of intangible assets 600,000 600,000
Change in fair value of contingent consideration (10,698,475)
Total operating expenses 3,865,752 5,125,450 9,672,045 5,356,114
Income (loss) from operations (2,744,165) (3,422,162) (5,271,045) 676,489
Other income (expense):        
Interest expense (742,557) (1,956,080) (2,487,172) (4,907,567)
Other non-operating income (expenses) (54,515) (57,752) 22,765 (734,501)
Total other income (expense), net (797,072) (2,013,832) (2,464,407) (5,642,068)
Income tax provision
Net loss from continuing operations (3,541,237) (5,435,994) (7,735,452) (4,965,579)
(Loss) from discontinued operations, net of tax (1,562,503)
Net loss $ (3,541,237) $ (5,435,994) $ (7,735,452) $ (6,528,082)
Weighted average common shares outstanding - basic 2,171,823 373,498 2,061,252 283,678
Weighted average common shares outstanding - diluted 2,171,823 373,498 2,061,252 283,678
Net loss per common share - basic $ (1.63) $ (14.55) $ (3.75) $ (17.50)
Net loss per common share - diluted $ (1.63) $ (14.55) $ (3.75) $ (17.50)