v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 5,135,502 $ 3,714,004 $ 14,056,414 $ 9,788,187
Cost of revenues 1,971,382 1,739,937 5,339,929 4,954,721
Gross profit 3,164,120 1,974,067 8,716,485 4,833,466
Operating expenses        
Product development 1,566,478 1,758,826 4,517,836 3,722,551
Sales and marketing 2,002,461 2,097,502 5,564,519 6,255,371
General and administrative 2,077,474 2,470,187 8,306,417 9,053,476
Depreciation and amortization 1,238,420 1,171,022 3,605,435 2,387,629
Total operating expenses 6,884,833 7,497,537 21,994,207 21,419,027
Loss from operations (3,720,713) (5,523,470) (13,277,722) (16,585,561)
Other (expense) income:        
Interest (expense) income, net (238,283) (3,687) (1,175,789) 27,751
Change in fair value of convertible notes (23,227) 778,000 (2,030,904) 1,544,000
Change in fair value of derivative liability 194,046 762,646 151,175 392,605
Gain on forgiveness of PPP Loan 2,234,730 2,234,730
Other (expense) income, net 243 (124)
Total other (expense) income 2,167,266 1,536,959 (820,545) 1,964,232
Net loss before income taxes and equity in losses of investee (1,553,447) (3,986,511) (14,098,267) (14,621,329)
Income tax expense (10,570) (30,985)
Equity in losses of investee (1,534) (7,564) (5,225)
Net loss (1,553,447) (3,988,045) (14,116,401) (14,657,539)
Net loss attributable to noncontrolling interest in consolidated subsidiary 8,815 858,574
Net loss attributable to Akerna shareholders $ (1,553,447) $ (3,979,230) $ (14,116,401) $ (13,798,965)
Basic and diluted weighted average common stock outstanding 26,442,446 13,934,945 24,312,510 13,181,691
Basic and diluted net loss per common share $ (0.06) $ (0.29) $ (0.58) $ (1.05)
Software        
Revenues        
Total revenues $ 4,557,960 $ 3,323,592 $ 12,809,841 $ 8,519,635
Consulting        
Revenues        
Total revenues 551,402 332,587 1,135,033 1,156,171
Other        
Revenues        
Total revenues $ 26,140 $ 57,825 $ 111,540 $ 112,381

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