Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues, net of allowances    
Total revenues, net of allowances $ 70,026,324 $ 39,433,617
Cost of Goods Sold    
Total cost of goods sold 50,912,513 26,572,722
Gross profit 19,113,811 12,860,895
Operating expenses:    
Selling, general and administrative expenses 51,434,180 22,191,041
Research and development 6,980,453 5,056,811
Total operating expenses 58,414,633 27,247,852
Loss from operations (39,300,822) (14,386,957)
Other income (expense)    
Interest expense (297,931) (1,150,953)
Loss on exchange transaction 0 (1,810,712)
Change in fair value of warrant liabilities 2,661,076 0
Warrant issuance cost (588,221) 0
Total other income (expense) 1,774,924 (2,961,665)
Net income (loss) (37,525,898) (17,348,622)
Redemption of Series D Preferred Stock deemed dividend 0 (1,295,294)
Net income (loss) attributable to common stockholders $ (37,525,898) $ (18,643,916)
Basic and diluted net loss per share attributed to common stockholders $ (0.37) $ (0.68)
Weighted Average Number of Shares Outstanding - Basic and Diluted 100,368,760 27,243,562
Metal goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 26,835,410 $ 16,775,807
Cost of Goods Sold    
Total cost of goods sold 22,606,173 12,015,622
Soft goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 40,030,219 22,657,810
Cost of Goods Sold    
Total cost of goods sold 27,302,847 14,557,100
Electronic goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 3,160,695 0
Cost of Goods Sold    
Total cost of goods sold $ 1,003,493 $ 0