v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 3,218,577 $ 6,419,669 $ 4,848,239 $ 13,033,698
Cost of goods sold 2,843,523 6,151,865 5,323,595 11,644,690
Gross profit (loss) 375,054 267,804 (475,356) 1,389,008
Operating Expenses        
Research and development 3,598,267 289,016 7,030,860 2,958,518
Sales and marketing 3,187,585 2,203,522 6,502,333 3,614,028
General and administrative 6,235,749 2,738,285 11,116,197 5,822,780
Impairment loss 412,999 412,999
Total operating expenses 13,021,601 5,643,822 24,649,390 12,808,325
Operating loss (12,646,547) (5,376,018) (25,124,746) (11,419,317)
Other (income) expense        
Convertible notes payable fair value adjustment (3,835,621) 6,864,056
Loss on extinguishment of convertible notes payable 4,623,335 4,623,335
Interest (income) expense, net (155,301) 9,638 (209,826) 22,126
Gain on divestiture of consumer segment (9,642,428)
Impairment on equity method investment 2,295,000 11,353,875
Equity method loss 734,143 1,237,768
Investment income, net (47,576) (124,830)
Other, net (207,204) (698,186)
Other expense 632,413 2,784,001 11,277,565 2,148,325
Net loss from continuing operations (13,278,960) (8,160,019) (36,402,311) (13,567,642)
Loss from discontinued operations (1,373,457)
Net loss $ (13,278,960) $ (8,160,019) $ (36,402,311) $ (14,941,099)
Loss per share - basic and diluted        
Continuing operations - basic $ (0.15) $ (0.11) $ (0.41) $ (0.18)
Continuing operations - diluted (0.15) (0.11) (0.41) (0.18)
Discontinued operations - basic (0.02)
Discontinued operations - diluted (0.02)
Loss per share - basic (0.15) (0.11) (0.41) (0.20)
Loss per share - diluted $ (0.15) $ (0.11) $ (0.41) $ (0.20)
Weighted average shares outstanding - basic 91,295,342 74,247,575 88,400,431 74,226,099
Weighted average shares outstanding - diluted 91,295,342 74,247,575 88,400,431 74,226,099

Source