v3.23.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 11,336,641 $ 10,347,735 $ 23,768,787 $ 22,583,721
Costs and Expenses        
Selling expenses 9,565,920 7,868,719 19,434,074 17,154,951
General and administrative expenses 4,968,342 4,317,984 9,416,089 8,888,410
Depreciation and amortization 344,001 453,274 691,324 892,232
Restructuring and severance expenses 1,205,689 1,205,689
Total Costs and Expenses 14,878,263 13,845,666 29,541,487 28,141,282
Loss from Operations (3,541,622) (3,497,931) (5,772,700) (5,557,561)
Other (Expenses) Income        
Interest expense, net of interest income (75,291) (9,678) (111,227) (13,537)
Amortization of debt discount (55,710) (73,270)
Other income 4,598 29,103 13,444 68,852
Changes in fair value of contingent purchase consideration (465,761) (915,774)
Other expense (7,653) (9,941) (16,681) (11,011)
Gain (loss) on marketable securities (999) 15,000 (19,999) 92,500
Total Other (Expenses) Income (135,055) (441,277) (207,733) (778,970)
Loss Before Income Taxes (3,676,677) (3,939,208) (5,980,433) (6,336,531)
Income tax provision 127,556 123,949 137,951 (32,944)
Net Loss (3,549,121) (3,815,259) (5,842,482) (6,369,475)
Other Comprehensive (Loss) Income        
Foreign currency translation adjustment 5,529 (358,456) 93,176 (510,231)
Comprehensive Loss $ (3,543,592) $ (4,173,715) $ (5,749,306) $ (6,879,706)
Loss per common share – basic and diluted $ (0.10) $ (0.16) $ (0.18) $ (0.27)
Weighted average number of common shares outstanding – basic and diluted 33,898,731 24,118,752 33,201,603 23,818,620

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