Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 2,665,190 $ 632,489 $ 10,730,145 $ 1,646,905
Cost of goods sold 2,110,312 233,001 6,076,595 806,571
Gross profit 554,878 399,488 4,653,550 840,334
Operating expenses:        
General and administration 2,563,319 7,362,274 13,347,278 18,727,626
Sales and marketing 1,224,144 792,613 4,205,217 2,210,021
Research and development 2,701,436 5,793,345 14,184,420 14,815,852
Total operating expenses 6,488,899 13,948,232 31,736,915 35,753,499
Operating loss (5,934,021) (13,548,744) (27,083,365) (34,913,165)
Other income (expense), net        
Other expense, net (419,730) (21,392) (349,343) (32,655)
Interest income 379 7,724
Interest expense (893,951) (8,205) (3,197,600) (34,345)
Foreign exchange gain (loss), net (45,138) (83,514)
Total other income (expense) (1,358,440) (29,597) (3,622,733) (67,000)
Net loss (7,292,461) (13,578,341) (30,706,098) (34,980,165)
Less preferred dividends attributable to noncontrolling interest 212,208   212,208
Less deemed dividends attributable to accretion of redemption value 410,322   410,322
Net loss attributable to shareholders $ (7,914,991) $ (13,578,341) $ (31,328,628) $ (34,980,165)
Net loss per share - basic (in Dollars per share) $ (0.15) $ (0.32) $ (0.62) $ (0.83)
Weighted average number of common shares outstanding, basic (in Shares) 53,892,848 42,661,607 50,923,225 41,946,041