CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) | ||||
| Net revenue | $ 12,467,000 | $ 14,131,000 | $ 38,653,000 | $ 33,467,000 |
| Cost of goods sold | 12,403,000 | 9,152,000 | 34,317,000 | 31,480,000 |
| Gross profit | 64,000 | 4,979,000 | 4,336,000 | 1,987,000 |
| Operating expenses | ||||
| General and administrative | 4,211,000 | 2,559,000 | 10,496,000 | 8,575,000 |
| Sales and marketing | 2,544,000 | 1,274,000 | 6,210,000 | 3,684,000 |
| Depreciation and amortization | 260,000 | 374,000 | 751,000 | 853,000 |
| Total operating expenses | 7,015,000 | 4,207,000 | 17,457,000 | 13,112,000 |
| Income (loss) from operations | (6,951,000) | 772,000 | (13,121,000) | (11,125,000) |
| Other income/(expense) | ||||
| Other income (expense) | (219,000) | 56,000 | 1,633,000 | 81,000 |
| Loss on termination of investment | 0 | (843,000) | 0 | (4,367,000) |
| Unrealized gain (loss) on change in fair value of investment | (90,000) | (199,000) | 35,000 | 192,000 |
| Interest expense | (1,365,000) | (838,000) | (3,019,000) | (2,414,000) |
| Total other income (expenses) | (1,674) | (1,824) | (1,351,000) | (6,508,000) |
| Loss before provision for income taxes | (8,625,000) | (1,052,000) | (14,472,000) | (17,633,000) |
| Provision for income taxes | 75,000 | 119,000 | 213,000 | 169,000 |
| Net loss | $ (8,700,000) | $ (1,171,000) | $ (14,685,000) | $ (17,802,000) |
| Net loss per share: | ||||
| Basic | $ (0.10) | $ (0.04) | $ (0.15) | $ (0.54) |
| Diluted | $ (0.10) | $ (0.04) | $ (0.15) | $ (0.54) |
| Weighted average shares outstanding: | ||||
| Basic | 84,922 | 33,398 | 98,949 | 33,048 |
| Diluted | 84,922 | 33,398 | 98,949 | 33,048 |
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of an increase (decrease) to a gain (loss) previously reported in discontinued operations in a prior period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The difference between the carrying value and the sale price of an investment. A loss would be recognized when the sale price of the investment is less than the carrying value of the investment. This element refers to the Loss included in earnings and not to the cash proceeds of the sale. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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