Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Total revenue $ 2,526,000 $ 2,354,000
Cost of revenue    
Total cost of revenue 1,215,000 1,063,000
Gross margin 1,311,000 1,291,000
Operating expenses:    
Research and development 2,884,000 1,274,000
Depreciation and amortization 414,000 363,000
General and administrative 7,343,000 3,514,000
Total operating expenses 10,641,000 5,151,000
Loss from operations (9,330,000) (3,860,000)
Other income (expense), net    
Other income (expense), net 54,000 (6,000)
Interest expense - amortization of debt discount (475,000) (137,000)
Change in fair value of derivative liability 500,000 2,092,000
Gain on extinguishment of PPP note payable 1,226,000
Debt extinguishment, net (287,000)
Interest expense (including $32,000 and $35,000 to related parties) (33,000) (35,000)
Total other expense, net 985,000 1,914,000
Net Loss (8,345,000) (1,946,000)
Deemed dividend to Series A preferred shareholders (3,951,000)
Net loss to common stockholders $ (8,345,000) $ (5,897,000)
Loss per share - basic and diluted $ (0.16) $ (0.23)
Weighted average number of common shares outstanding - basic and diluted 52,045,428 25,992,426
SaaS Recurring Subscription Revenue [Member]    
Revenue    
Total revenue $ 1,461,000 $ 1,057,000
Other Digital [Member]    
Revenue    
Total revenue 340,000 400,000
Design, Printing, and Fulfillment [Member]    
Revenue    
Total revenue 615,000 728,000
Cost of revenue    
Total cost of revenue 585,000 676,000
Shipping [Member]    
Revenue    
Total revenue 110,000 169,000
Cost of revenue    
Total cost of revenue 90,000 157,000
Digital [Member]    
Cost of revenue    
Total cost of revenue $ 540,000 $ 230,000