v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)        
Sales $ 5,890,636   $ 6,209,436  
Cost of sales 4,614,374   4,838,042  
Gross profit 1,276,262   1,371,394  
Operating expenses:        
Selling, general and administrative expenses 3,233,548 $ 225,030 3,530,820 $ 456,257
Amortization expense 1,026,220 357,323 1,383,683 714,647
Transaction costs 213,396 1,263,057 1,181,901 1,431,502
Total operating expenses 4,473,164 1,845,410 6,096,404 2,602,406
Operating loss (3,196,902) (1,845,410) (4,725,010) (2,602,406)
Other income (expense):        
Investment and other income 103,903   98,759  
Gain on sale of assets 1,214,560   1,214,560  
Fair value remeasurement of earnout consideration 4,671,000   4,671,000  
Fair value remeasurement of contingent value rights (1,214,560)   (1,214,560)  
Interest and other expense (135,349) (417,857) (485,731) (729,270)
Other income (expense), net 4,639,554 (417,857) 4,284,028 (729,270)
Net income (loss) before income taxes 1,442,652 (2,263,267) (440,982) (3,331,676)
Comprehensive income (loss) 1,442,652 (2,263,267) (440,982) (3,331,676)
Other comprehensive loss, net of tax:        
Unrealized loss on available-for-sale securities (15,731)   (32,798)  
Total other comprehensive loss (15,731)   (32,798)  
Comprehensive loss $ 1,426,921 $ (2,263,267) $ (473,780) $ (3,331,676)
Basic net income (loss) per share: $ 0.19 $ (0.74) $ (0.08) $ (1.08)
Diluted net income (loss) per share: $ 0.15 $ (0.74) $ (0.08) $ (1.08)
Weighted Average Basic Shares Outstanding 7,435,586 3,074,998 5,345,137 3,074,998
Weighted Average Dilutive Shares Outstanding 9,788,522 3,074,998 5,345,137 3,074,998

Source