Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

v3.22.2.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 242,710 $ 75,067 $ 3,795,065 $ 75,067
Cost of goods sold 2,012,829 1,176,691 11,549,871 1,176,691
Gross margin (1,770,119) (1,101,624) (7,754,806) (1,101,624)
Operating expenses:        
Sales and marketing 1,282,014 1,135,205 3,942,827 1,937,745
Product development 2,177,347 3,021,207 6,775,768 7,595,581
General and administrative expenses 2,085,211 586,494 7,409,601 14,634,037
Total operating expenses 5,544,572 4,742,906 18,128,196 24,167,363
Loss from operations (7,314,691) (5,844,530) (25,883,002) (25,268,987)
Other income (expense) 33,814 (3,842) 72,800 (9,332)
Interest expense (618,307) (42,183) (627,789) (67,521)
Total other expense (584,493) (46,025) (554,989) (76,853)
Loss before provision for income taxes (7,899,184) (5,890,555) (26,437,991) (25,345,840)
Provision for income taxes 0 0 0 0
Net loss $ (7,899,184) $ (5,890,555) $ (26,437,991) $ (25,345,840)
Net loss per common share – basic $ (0.32) $ (2.55) $ (1.13) $ (11.95)
Net loss per common share – diluted $ (0.32) $ (2.55) $ (1.13) $ (11.95)
Weighted average common shares outstanding – basic 24,345,221 2,303,508 23,454,024 2,121,129
Weighted average common shares outstanding – diluted 24,345,221 2,303,508 23,454,024 2,121,129