v3.23.2
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenue | $ 2,957,362 | $ 2,871,479 | $ 5,833,515 | $ 6,449,257 |
| Cost of sales | 2,113,491 | 2,304,090 | 4,368,830 | 5,080,775 |
| Gross profit | 843,871 | 567,389 | 1,464,685 | 1,368,482 |
| Operating expenses: | ||||
| Selling, general and administrative | 2,519,538 | 1,160,855 | 3,308,173 | 1,735,205 |
| Salaries, wages and payroll taxes | 967,756 | 670,797 | 1,555,875 | 1,306,373 |
| Professional fees | 543,818 | 156,990 | 864,747 | 483,203 |
| Depreciation and amortization | 168,166 | 111,996 | 329,759 | 211,565 |
| Total operating expenses | 4,199,278 | 2,100,638 | 6,058,554 | 3,736,346 |
| Loss before other (income) expense | (3,355,407) | (1,533,249) | (4,593,869) | (2,367,864) |
| Other (income) expense: | ||||
| Interest expense | 4,569 | 3,681 | 9,708 | 6,924 |
| Interest earned | (172,620) | (4,616) | (182,748) | (9,572) |
| Other income | (265,845) | 0 | (315,845) | 0 |
| Foreign currency exchange rate variance | (40,266) | 123,547 | (68,673) | 140,728 |
| Total other (income) expense | (474,162) | 122,612 | (557,558) | 138,080 |
| Loss before income taxes | (2,881,245) | (1,655,861) | (4,036,311) | (2,505,944) |
| Income taxes | (52,023) | 0 | (52,023) | 0 |
| Loss before equity method investment | (2,933,268) | (1,655,861) | (4,088,334) | (2,505,944) |
| Equity in net loss of affiliate | (1,407,473) | 0 | (1,439,637) | 0 |
| Net loss | (4,340,741) | (1,655,861) | (5,527,971) | (2,505,944) |
| Comprehensive loss: | ||||
| Net loss | (4,340,741) | (1,655,861) | (5,527,971) | (2,505,944) |
| Foreign currency translation adjustments | (11,968) | (4,788) | (34,953) | (20,118) |
| Comprehensive loss | $ (4,352,709) | $ (1,660,649) | $ (5,562,924) | $ (2,526,062) |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | ||||
| Basic weighted average common shares outstanding (in shares) | 18,071,802 | 9,293,096 | 16,253,730 | 9,230,335 |
| Basic weighted average loss per common share (in dollars per share) | $ (0.24) | $ (0.18) | $ (0.34) | $ (0.27) |
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations after deduction of income tax expense (benefit) and before deduction of income (loss) from equity method investments. No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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