v3.21.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 11,689,949 $ 4,810,269 $ 25,847,277 $ 14,980,443
Costs and Expenses        
Selling expenses 9,616,584 3,957,366 20,278,399 10,172,527
General and administrative expenses 4,754,944 2,883,427 8,900,154 5,704,388
Total Costs and Expenses 14,371,528 6,840,793 29,178,553 15,876,915
Loss from Operations (2,681,579) (2,030,524) (3,331,276) (896,472)
Other (Expenses) Income        
Other income 89,018 13,862 370,362 25,660
Other expense (1,208) (28,138)
Interest expense, net of interest income (2,194) (33,099) (10,043) (173,073)
Amortization of debt discount (286,845) (12,833) (737,074)
Loss on extinguishment of convertible debt (719,390) (719,390)
(Loss) gain on marketable securities (287,500) 592,500 (92,500) 722,500
Total Other (Expenses) Income (201,884) (432,972) 226,848 (881,377)
Loss Before Income Taxes (2,883,463) (2,463,496) (3,104,428) (1,777,849)
Income tax provision 112,113 (62,059) (276,501) (590,097)
Net Loss (2,771,350) (2,525,555) (3,380,929) (2,367,946)
Other Comprehensive Income (Loss)        
Foreign currency translation adjustment 84,743 18,516 (259,347) (93,514)
Comprehensive Loss $ (2,686,607) $ (2,507,039) $ (3,640,276) $ (2,461,460)
Loss per common share – basic and diluted $ (0.13) $ (0.20) $ (0.16) $ (0.19)
Weighted average number of common shares outstanding – basic and diluted 22,012,153 12,434,338 21,761,334 12,320,653

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