v3.22.4
CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Statement of Operations [Abstract]        
Net Revenue $ 15,874,967 $ 13,100,048 $ 51,277,376 $ 39,684,465
Cost of Goods Sold 11,947,892 10,128,144 40,296,127 29,530,570
Gross Profit 3,927,075 2,971,904 10,981,249 10,153,895
Operating expenses        
Sales and marketing expenses 4,949,002 7,561,927 17,924,034 22,054,276
General and administrative 2,539,959 6,333,663 7,979,938 16,549,788
Total operating expenses 7,488,961 13,895,590 25,903,972 38,604,064
Total operating loss (3,561,886) (10,923,686) (14,922,723) (28,450,169)
Other (income) expense        
Interest expense (424,569) (142,898) (2,548,736) (420,514)
Debt conversion expense 0 0 (2,405,612) 0
Gain on forgiveness of PPP loan payable 0 330,551 0 330,551
Total other (income) expense (424,569) 187,653 (4,954,348) (89,963)
Net loss $ (3,986,455) $ (10,736,033) $ (19,877,071) $ (28,540,132)
LOSS PER SHARE (Basic) $ (0.03) $ (0.1) $ (0.15) $ (0.3)
LOSS PER SHARE (Diluted) $ (0.03) $ (0.1) $ (0.15) $ (0.3)
WEIGHTED AVERAGE SHARES OUTSTANDING (Basic) 145,825,459 105,580,951 133,957,675 95,891,561
WEIGHTED AVERAGE SHARES OUTSTANDING (Diluted) 145,825,459 105,580,951 133,957,675 95,891,561

Source