Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net revenue $ 15,711,394 $ 79,884,740 $ 48,032,207 $ 279,034,366
Cost of goods sold 11,395,872 63,962,534 36,225,160 224,034,701
Gross profit 4,315,522 15,922,206 11,807,047 54,999,665
Operating expenses:        
Advertising 486,254 7,329,172 2,053,547 26,468,121
Selling, general and administrative 5,863,379 9,458,749 17,021,120 31,072,365
Depreciation 1,899,995 2,113,695 5,877,025 6,210,590
Total operating expenses 8,249,628 18,901,616 24,951,692 63,751,076
Loss from operations (3,934,106) (2,979,410) (13,144,645) (8,751,411)
Loss on extinguishment of debt 879,045
Loss on extinguishment of warrants 317,000   317,000  
Change in fair value of derivatives (93,000) (634,000)
Interest and financing expense 1,513,483 50,000 2,452,649 50,000
Loss before income taxes (5,671,589) (3,029,410) (16,159,339) (8,801,411)
Income tax expense 3,241,618 1,000 2,322,515
Net loss $ (5,671,589) $ (6,271,028) $ (16,160,339) $ (11,123,926)
Loss per common share        
Loss per share (basic and diluted) (in Dollars per share) $ (0.16) $ (0.18) $ (0.46) $ (0.33)
Weighted average number of shares (basic and diluted) (in Shares) 35,868,525 34,064,266 35,357,877 34,004,944