v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net revenue $ 102,595,793 $ 123,171,974 $ 342,078,753 $ 307,751,463
Cost of goods sold 82,316,633 95,716,087 272,826,703 240,928,853
Gross profit 20,279,160 27,455,887 69,252,050 66,822,610
Operating expenses:        
Advertising 9,730,026 9,624,007 31,136,731 25,014,794
Selling, general and administrative 12,906,797 10,134,882 36,868,521 28,883,134
Depreciation 1,887,641 1,726,574 5,480,995 5,034,672
Total operating expenses 24,524,464 21,485,463 73,486,247 58,932,600
(Loss) income from operations (4,245,304) 5,970,424 (4,234,197) 7,890,010
Interest expense 229 863 7,114 7,684
(Loss) income before income taxes (4,245,533) 5,969,561 (4,241,311) 7,882,326
Income tax expense (benefit) (908,011) 1,175,607 (885,088) 1,659,227
Net (loss) income (3,337,522) 4,793,954 (3,356,223) 6,223,099
Net (loss) income (3,337,522) 4,793,954 (3,356,223) 6,223,099
Less: Preferred stocks dividends 125,000 375,000
(Loss) income available to common shareholders $ (3,337,522) $ 4,668,954 $ (3,356,223) $ 5,848,099
(Loss) income per common share        
(Loss) income per share (basic and diluted) (in Dollars per share) $ (0.1) $ 0.19 $ (0.1) $ 0.23
Weighted average number of shares (basic and diluted) (in Shares) 33,173,456 24,950,958 33,060,270 24,950,958

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