Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Financial Position [Abstract]    
Net revenue $ 109,073,628 $ 70,725,965
Cost of goods sold 86,240,019 55,557,165
Gross profit 22,833,609 15,168,800
Operating expenses:    
Advertising 10,499,386 6,094,150
Selling, general and administrative 11,358,707 8,671,254
Depreciation 1,773,773 1,524,683
Total operating expenses 23,631,866 16,290,087
Loss from operations (798,257) (1,121,287)
Interest expense 6,490 5,783
Loss before income taxes (804,747) (1,127,070)
Income taxes (benefits) (159,934) (282,500)
Net loss (644,813) (844,570)
Net loss (644,813) (844,570)
Less: Preferred stocks dividends   125,000
Loss available to common shareholders $ (644,813) $ (969,570)
Loss per common share    
Basic loss per share (in Dollars per share) $ (0.02) $ (0.04)
Weighted average number of shares (basic) (in Shares) 32,873,457 24,950,958
Diluted loss per share (in Dollars per share) $ (0.02) $ (0.04)
Weighted average number of shares (diluted) (in Shares) 32,923,451 24,950,958