Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues, net of allowances        
Total revenues, net of allowances $ 30,245,251 $ 17,215,938 $ 65,353,651 $ 45,351,558
Cost of Goods Sold        
Total cost of goods sold 22,328,094 11,771,315 49,484,951 31,479,176
Gross profit 7,917,157 5,444,623 15,868,700 13,872,382
Operating expenses:        
Selling, general and administrative expenses 14,676,135 15,242,780 45,106,976 33,904,958
Research and development 2,781,676 1,610,671 8,050,481 4,558,781
Total operating expenses 17,457,811 16,853,451 53,157,457 38,463,739
Income (loss) from operations (9,540,654) (11,408,828) (37,288,757) (24,621,357)
Other income (expense)        
Warrant issuance costs (969,791) (588,221) (1,415,229) (588,221)
Change in fair value of warrant and preferred investment option liabilities 19,065,297 2,902,342 23,111,029 2,902,342
Interest expense (548,422) 0 (640,603) (263,555)
Total other income (expense) 17,547,084 2,314,121 21,055,197 2,050,566
Net income (loss) 8,006,430 (9,094,707) (16,233,560) (22,570,791)
Common stock deemed dividend (7,467,200) 0 (7,467,200) 0
Net income (loss) attributable to common stockholders $ 539,230 $ (9,094,707) $ (23,700,760) $ (22,570,791)
Basic net income (loss) per share attributed to common stockholders $ 0.05 $ (11.18) $ (5.42) $ (37.36)
Basic weighted average common shares outstanding 10,872,412 813,734 4,376,175 604,128
Diluted net income (loss) per share attributed to common stockholders $ 0.03 $ (11.18) $ (5.42) $ (37.36)
Diluted weighted average common shares outstanding 19,721,339 813,734 4,376,175 604,128
Metal goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances $ 19,226,191 $ 8,078,180 $ 34,354,744 $ 18,130,530
Cost of Goods Sold        
Total cost of goods sold 14,923,322 6,419,003 28,041,096 13,680,028
Soft goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 8,239,785 9,137,758 27,258,989 27,221,028
Cost of Goods Sold        
Total cost of goods sold 4,868,601 5,352,312 18,011,023 $ 17,799,148
Electronic goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 2,779,275 0 3,739,918  
Cost of Goods Sold        
Total cost of goods sold $ 2,536,171 $ 0 $ 3,432,832