Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]    
Net revenue $ 400,832,371 $ 287,820,277
Cost of goods sold 315,027,012 226,603,934
Gross profit 85,805,359 61,216,343
Operating expenses:    
Advertising 33,359,299 20,986,879
Selling, general and administrative 44,266,151 35,147,259
Depreciation 6,859,237 5,847,413
Total operating expenses 84,484,687 61,981,551
Income (loss) from operations 1,320,672 (765,208)
Interest expense 8,395 34,534
Income (loss) before income taxes 1,312,277 (799,742)
Income taxes (benefits) (801,552) (143,902)
Net income (loss) 2,113,829 (655,840)
Net income (loss) 2,113,829 (655,840)
Less: Preferred stocks dividends (including $15 million deemed dividends on redemption in 2020) 15,442,697 500,000
Loss available to common shareholders $ (13,328,868) $ (1,155,840)
Loss per common share    
Basic and diluted loss per share (in Dollars per share) $ (0.52) $ (0.05)
Weighted average number of shares (basic and diluted) (in Shares) 25,860,097 24,950,958