Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues, net of allowances    
Total revenues, net of allowances $ 20,212,711 $ 17,220,744
Cost of Goods Sold    
Total cost of goods sold 16,655,439 14,217,617
Gross profit 3,557,272 3,003,127
Operating expenses:    
Selling, general and administrative expenses 15,090,116 15,934,045
Research and development 3,527,521 2,514,050
Total operating expenses 18,617,637 18,448,095
Loss from operations (15,060,365) (15,444,968)
Other income (expense)    
Warrant issuance costs   (275,130)
Change in fair value of warrant and preferred investment option liabilities 7,484,960 3,616,160
Interest expense (699,757)  
Total other income (expense) 6,785,203 3,341,030
Net loss $ (8,275,162) $ (12,103,938)
Net income loss per share attributed to common stockholders - Basic $ (0.56) $ (14.04)
Net income loss per share attributed to common stockholders - Diluted $ (0.56) $ (14.04)
Weighted Average Number of Shares Outstanding - Basic 14,720,268 861,997
Weighted Average Number of Shares Outstanding - Diluted 14,720,268 861,997
Metal goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 8,449,294 $ 7,868,628
Cost of Goods Sold    
Total cost of goods sold 6,965,287 7,351,882
Soft goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 9,807,138 8,858,578
Cost of Goods Sold    
Total cost of goods sold 7,712,538 6,385,371
Electronic goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 1,956,279 493,538
Cost of Goods Sold    
Total cost of goods sold $ 1,977,614 $ 480,364