Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Revenue, net $ 2,354,000 $ 9,000
Cost of revenue    
Cost of revenue 1,063,000 30,000
Gross margin 1,291,000 (21,000)
Operating expenses:    
Research and development 1,274,000 564,000
Depreciation and amortization 363,000 4,000
General and administrative 3,514,000 2,185,000
Total operating expenses 5,151,000 2,753,000
Loss from operations (3,860,000) (2,774,000)
Other income (expense), net    
Other expense, net (6,000)
Financing costs (84,000)
Interest expense - amortization of debt discount (137,000) (1,054,000)
Change in fair value of derivative liability 2,092,000 944,000
Interest expense (35,000) (40,000)
Total other income (expense), net 1,914,000 (234,000)
Net loss (1,946,000) (3,008,000)
Deemed dividends to Series A stockholders (3,951,000)
Net loss attributed to common stockholders $ (5,897,000) $ (3,008,000)
Loss per share to common stockholders - basic and diluted $ (0.23) $ (0.25)
Weighted average number of common shares outstanding - basic and diluted 25,992,426 12,239,044
Digital Member]    
Revenue    
Revenue, net $ 1,457,000 $ 9,000
Cost of revenue    
Cost of revenue 230,000 30,000
Welcome Kits and Fulfillment [Member]    
Revenue    
Revenue, net 728,000
Cost of revenue    
Cost of revenue 676,000
Shipping [Member]    
Revenue    
Revenue, net 169,000
Cost of revenue    
Cost of revenue $ 157,000