v3.22.2
Consolidated and Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenue $ 104,257,478 $ 130,409,332 $ 199,149,626 $ 239,482,960
Cost of goods sold 83,674,247 104,270,051 160,072,167 190,510,070
Gross profit 20,583,231 26,139,281 39,077,459 48,972,890
Operating expenses:        
Advertising 9,437,657 10,907,319 19,138,949 21,406,705
Selling, general and administrative 9,940,889 12,603,017 21,613,616 23,961,724
Depreciation 2,142,433 1,819,581 4,096,895 3,593,354
Total operating expenses 21,520,979 25,329,917 44,849,460 48,961,783
(Loss) income from operations (937,748) 809,364 (5,772,001) 11,107
Interest expense 395   6,885
(Loss) income before income taxes (937,748) 808,969 (5,772,001) 4,222
Income tax (benefit) expense (38,037) 182,857 (919,103) 22,923
Net (loss) income (899,711) 626,112 (4,852,898) (18,701)
(Loss) income available to common shareholders $ (899,711) $ 626,112 $ (4,852,898) $ (18,701)
(Loss) income per common share        
(Loss) income per share basic (in Dollars per share) $ (0.03) $ 0.02 $ (0.14) $ 0
Weighted average number of shares basic (in Shares) 33,983,680 33,130,599 33,974,791 33,002,738

Source