Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.21.1
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues, net of allowances    
Total revenues, net of allowances $ 39,433,617 $ 19,090,071
Cost of Goods Sold    
Total cost of goods sold 27,687,235 14,153,670
Gross profit 11,746,382 4,936,401
Operating expenses:    
Selling, general and administrative expenses 21,076,528 11,401,039
Research and development 5,056,811 2,116,018
Total operating expenses 26,133,339 13,517,057
Loss from operations (14,386,957) (8,580,656)
Other income (expense)    
Interest expense (1,150,953) (972,165)
Loss on exchange transaction (1,810,712)
Change in fair value of warrant derivative 5,251,852
Total other income (expense) (2,961,665) 4,279,687
Net income (loss) (17,348,622) (4,300,969)
Redemption of Series D Preferred Stock deemed dividend (1,295,294)
Common stock deemed dividend (2,137,190)
Net income (loss) attributable to common stockholders $ (18,643,916) $ (6,438,159)
Basic and diluted net loss per share attributed to common stockholders $ (0.68) $ (2.08)
Weighted Average Number of Shares Outstanding - Basic and Diluted 27,243,562 3,100,738
Diluted net loss per common share $ (0.68) $ (2.08)
Diluted weighted average common shares outstanding 27,243,562 3,100,738
Metal Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances $ 16,775,807 $ 8,987,088
Cost of Goods Sold    
Total cost of goods sold 12,519,582 6,601,868
Soft Goods [Member]    
Revenues, net of allowances    
Total revenues, net of allowances 22,657,810 10,102,983
Cost of Goods Sold    
Total cost of goods sold 15,167,653 7,551,802
Other [Member]    
Cost of Goods Sold    
Total cost of goods sold