v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 4,906,887 $ 3,003,638 $ 8,920,911 $ 6,074,184
Cost of revenues 1,914,380 1,818,565 3,368,547 3,214,784
Gross profit 2,992,507 1,185,073 5,552,364 2,859,400
Operating expenses        
Product development 1,527,258 1,088,938 2,951,358 1,963,725
Sales and marketing 1,826,143 2,117,118 3,562,058 4,157,869
General and administrative 4,375,981 3,126,027 6,228,943 6,583,289
Depreciation and amortization 1,314,132 1,036,378 2,367,015 1,216,607
Total operating expenses 9,043,514 7,368,461 15,109,374 13,921,490
Loss from operations (6,051,007) (6,183,388) (9,557,010) (11,062,090)
Other (expense) income:        
Interest (expense) income, net (163,125) (2,084) (937,505) 31,438
Change in fair value of convertible notes (16,405) 766,000 (2,007,677) 766,000
Change in fair value of derivative liability 133,125 (606,958) (42,871) (370,041)
Other (expense) income, net 243 243 (124)
Total other (expense) income (46,162) 156,958 (2,987,810) 427,273
Net loss before income taxes and equity in losses of investee (6,097,169) (6,026,430) (12,544,820) (10,634,817)
Income tax expense (4,300) (30,985) (10,570) (30,985)
Equity in losses of investee (3,782) (3,692) (7,564) (3,692)
Net loss (6,105,251) (6,061,107) (12,562,954) (10,669,494)
Net loss attributable to noncontrolling interest in consolidated subsidiary 748,584 849,759
Net loss attributable to Akerna shareholders $ (6,105,251) $ (5,312,523) $ (12,562,954) $ (9,819,735)
Basic and diluted weighted average common stock outstanding 24,530,169 13,166,444 23,375,981 12,871,648
Basic and diluted net loss per common share $ (0.25) $ (0.46) $ (0.54) $ (0.83)
Software        
Revenues        
Total revenues $ 4,456,728 $ 2,849,734 $ 8,251,881 $ 5,196,043
Consulting        
Revenues        
Total revenues 410,884 131,000 583,631 823,584
Other        
Revenues        
Total revenues $ 39,275 $ 22,904 $ 85,399 $ 54,557

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