Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue    
Revenue, net $ 9,100,000 $ 32,000
Cost of revenue    
Cost of revenue 4,870,000 52,000
Gross margin 4,230,000 (20,000)
Operating expenses:    
Research and development 4,312,000 980,000
Depreciation and amortization 1,042,000 20,000
General and administrative 14,710,000 6,772,000
Total operating expenses 20,064,000 7,772,000
Loss from operations (15,834,000) (7,792,000)
Other income (expense), net    
Other expense, net (11,000) (5,000)
Financing costs (1,625,000) (798,000)
Interest expense - amortization of debt discount (1,658,000) (1,468,000)
Change in fair value of derivative liability 1,862,000 (1,167,000)
Debt extinguishment, net 1,536,000 (534,000)
Interest expense (186,000) (362,000)
Total other expense, net (82,000) (4,334,000)
Loss before income tax provision (15,916,000) (12,126,000)
Income tax provision 2,000 1,000
Net loss $ (15,918,000) $ (12,127,000)
Loss per share - basic and diluted $ (0.79) $ (1.23)
Weighted average number of common shares outstanding - basic and diluted 20,186,249 9,870,890
Digital Member]    
Revenue    
Revenue, net $ 4,240,000 $ 32,000
Cost of revenue    
Cost of revenue 660,000 52,000
Welcome Kits & Fulfillment [Member]    
Revenue    
Revenue, net 3,913,000
Cost of revenue    
Cost of revenue 3,273,000
Shipping [Member]    
Revenue    
Revenue, net 947,000
Cost of revenue    
Cost of revenue $ 937,000