Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues, net of allowances    
Total revenues, net of allowances $ 95,253,767 $ 70,026,324
Cost of Goods Sold    
Total cost of goods sold 70,042,504 50,912,513
Gross profit 25,211,263 19,113,811
Operating expenses:    
Selling, general and administrative expenses 66,189,907 51,434,180
Research and development 11,296,948 6,980,453
Total operating expenses 77,486,855 58,414,633
Loss from operations (52,275,592) (39,300,822)
Other income (expense)    
Interest expense (1,914,120) (297,931)
Change in fair value of warrant liabilities 16,763,205 2,661,076
Warrant issuance cost (1,868,766) (588,221)
Total other income (expense) 12,980,319 1,774,924
Net loss (39,295,273) (37,525,898)
Common stock deemed dividend (7,467,200)  
Net loss attributable to common stockholders $ (46,762,473) $ (37,525,898)
Net income (loss) per share attributed to common stockholders - Basic $ (7.09) $ (56.08)
Net income (loss) per share attributed to common stockholders - Diluted $ (7.09) $ (56.08)
Weighted Average Number of Shares Outstanding - Basic 6,591,356 669,125
Weighted Average Number of Shares Outstanding - Diluted 6,591,356 669,125
Metal goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 51,160,571 $ 26,835,410
Cost of Goods Sold    
Total cost of goods sold 40,434,106 22,606,173
Soft goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 38,301,113 40,030,219
Cost of Goods Sold    
Total cost of goods sold 24,413,884 27,302,847
Electronic goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 5,792,083 3,160,695
Cost of Goods Sold    
Total cost of goods sold $ 5,194,514 $ 1,003,493