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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Sales - net $ 6,985,962 $ 6,163,682 $ 20,977,860 $ 17,525,677
Costs and expenses        
Cost of sales 6,379,137 5,813,957 19,361,923 16,529,030
General and administrative expenses 1,950,288 1,684,340 5,245,052 6,250,013
Depreciation and amortization 269,561 278,442 810,451 829,137
Total costs and expenses 8,598,986 7,776,739 25,417,426 23,608,180
Loss from operations (1,613,024) (1,613,057) (4,439,566) (6,082,503)
Other income (expense)        
Interest income 9,096 31,717
Other income 60,250 184,500
Interest expense (including amortization of debt discount) (5,601,813) (622,777) (8,163,375) (966,374)
Loss on sale of marketable debt securities - net (27,160)
Loss on debt extinguishment – related party (907,500)   (907,500)
Impairment of fixed assets (13,422) (13,422)
Total other income (expense) - net (6,462,485) (613,681) (8,899,797) (961,817)
Net loss (8,075,509) (2,226,738) (13,339,363) (7,044,320)
Net loss available to common stockholders - basic (8,160,343) (2,226,738) (13,424,197) (7,044,320)
Net loss available to common stockholders - diluted $ (8,160,343) $ (2,226,738) $ (13,424,197) $ (7,044,320)
Loss per share - basic $ (1.95) $ (1.46) $ (5.02) $ (5.04)
Loss per share - diluted $ (1.95) $ (1.46) $ (5.02) $ (5.04)
Weighted average number of shares - basic 4,184,152 1,526,533 2,675,067 1,397,504
Weighted average number of shares - diluted 4,184,152 1,526,533 2,675,067 1,397,504
Series A Convertible Preferred Stock [Member]        
Other income (expense)        
Preferred stock dividend $ (55,486) $ (55,486)
Series B Convertible Preferred Stock [Member]        
Other income (expense)        
Preferred stock dividend $ (29,348) $ (29,348)