v3.21.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue $ 8,030,082 $ 9,701,796 $ 33,877,359 $ 24,682,239
Costs and Expenses        
Selling expenses 6,054,757 7,154,623 26,333,156 17,327,150
General and administrative expenses 5,075,300 3,156,505 13,975,455 8,860,893
Total Costs and Expenses 11,130,057 10,311,128 40,308,611 26,188,043
Loss from Operations (3,099,975) (609,332) (6,431,252) (1,505,804)
Other (Expenses) Income        
Other income 74,327 37,273 444,689 62,933
Other expense (384) (109,623) (28,522) (109,623)
Interest expense, net of interest income (4,705) (56,093) (14,748) (229,166)
Change in fair value of contingent purchase consideration (569,076) (569,076)
Amortization of present value discount (43,604) (12,833) (780,678)
Loss on extinguishment of convertible debt (719,390)
(Loss) gain on marketable securities (200,000) (250,000) (292,500) 472,500
Total Other (Expenses) Income (699,838) (422,047) (472,990) (1,303,424)
Loss Before Income Taxes (3,799,813) (1,031,379) (6,904,242) (2,809,228)
Income tax provision 284,636 (181,902) 8,136 (771,999)
Net Loss (3,515,177) (1,213,281) (6,896,106) (3,581,227)
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment (154,572) 218,193 (413,917) 124,679
Comprehensive Loss $ (3,669,749) $ (995,088) $ (7,310,023) $ (3,456,548)
Loss per common share – basic and diluted $ (0.15) $ (0.08) $ (0.31) $ (0.27)
Weighted average number of common shares outstanding – basic and diluted 23,080,193 14,525,372 22,205,785 13,057,608

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