Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue    
Total revenue $ 9,965,000 $ 9,100,000
Cost of revenue    
Total cost of revenue 4,801,000 4,870,000
Gross margin 5,164,000 4,230,000
Operating expenses:    
Research and development 7,933,000 4,312,000
Depreciation and amortization 1,510,000 1,042,000
General and administrative 20,458,000 14,710,000
Total operating expenses 29,901,000 20,064,000
Loss from operations (24,737,000) (15,834,000)
Other income (expense), net    
Other expense, net 102,000 (11,000)
Financing costs (248,000) (1,625,000)
Interest expense - amortization of debt discount (493,000) (1,658,000)
Change in fair value of derivative liability 574,000 1,862,000
Debt extinguishment, net 1,536,000
Interest expense (including $141,000 and $141,000 to related parties) (153,000) (186,000)
Total other expense, net (218,000) (82,000)
Loss before income tax provision (24,955,000) (15,916,000)
Income tax provision 1,000 2,000
Net Loss (24,956,000) (15,918,000)
Deemed dividend to Series A preferred shareholders (3,951,000)
Net loss to common stockholders $ (28,907,000) $ (15,918,000)
Loss per share - basic and diluted $ (0.80) $ (0.79)
Weighted average number of common shares outstanding - basic and diluted 36,012,395 20,186,249
SaaS Recurring Subscription Revenue [Member]    
Revenue    
Total revenue $ 5,114,000 $ 2,815,000
Other Digital [Member]    
Revenue    
Total revenue 1,384,000 1,425,000
Digital [Member]    
Cost of revenue    
Total cost of revenue 1,416,000 660,000
Design, Printing, and Fulfillment [Member]    
Revenue    
Total revenue 2,744,000 3,913,000
Cost of revenue    
Total cost of revenue 2,701,000 3,273,000
Shipping [Member]    
Revenue    
Total revenue 723,000 947,000
Cost of revenue    
Total cost of revenue $ 684,000 $ 937,000