v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 6,950,841 $ 4,014,024
Cost of revenue 2,203,671 1,454,167
Gross profit 4,747,170 2,559,857
Operating expenses:    
Product development 2,105,361 1,424,100
Sales and marketing 3,236,113 1,735,915
General and administrative 2,570,432 1,852,962
Depreciation and amortization 1,993,391 1,052,883
Impairment of long-lived assets 15,478,521
Total operating expenses 25,383,818 6,065,860
Loss from operations (20,636,648) (3,506,003)
Other (expense) income:    
Interest (expense) income, net (740) (774,380)
Change in fair value of convertible notes (1,433,000) (1,991,272)
Change in fair value of derivative liability 18,051 (175,996)
Total other (expense) income (1,415,689) (2,941,648)
Net loss before income taxes and equity in losses of investee (22,052,337) (6,447,651)
Income tax (expense) benefit 99,444 (6,270)
Equity in losses of investee (3,782)
Net loss $ (21,952,893) $ (6,457,703)
Basic and diluted weighted average common stock outstanding (in shares) 31,605,783 22,209,072
Basic and diluted net loss per common share (in dollars per share) $ (0.69) $ (0.29)
Software    
Revenue:    
Total revenue $ 6,508,513 $ 3,795,153
Consulting    
Revenue:    
Total revenue 427,009 172,747
Other revenue    
Revenue:    
Total revenue $ 15,319 $ 46,124

Source