Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Digital revenue    
Total digital revenue $ 8,178,000 $ 6,498,000
Non-digital revenue    
Design, printing, fulfillment, and shipping 2,346,000 3,467,000
 Total revenue 10,524,000 9,965,000
Cost of revenue    
Total cost of revenue 4,504,000 4,801,000
Gross margin 6,020,000 5,164,000
Operating expenses    
Research and development 12,345,000 7,933,000
Depreciation and amortization 1,677,000 1,510,000
General and administrative 25,710,000 20,458,000
Total operating expenses 39,732,000 29,901,000
Loss from operations (33,712,000) (24,737,000)
Other income (expense), net    
Other income, net 92,000 102,000
Interest expense (2,575,000) (894,000)
Change in fair value of derivative liability 598,000 574,000
Debt extinguishment, net 1,112,000
Total other expense, net (773,000) (218,000)
Loss before income tax (34,485,000) (24,955,000)
Income tax 1,000 1,000
Net loss (34,486,000) (24,956,000)
Deemed dividend to Series A preferred stockholders (348,000) (3,951,000)
Net loss to common stockholders $ (34,834,000) $ (28,907,000)
Loss per share – basic and diluted $ (0.55) $ (0.80)
Weighted average number of common shares outstanding – basic and diluted 63,324,440 36,012,395
SaaS Recurring Subscription Revenue [Member]    
Digital revenue    
Total digital revenue $ 6,831,000 $ 5,114,000
Other Digital [Member]    
Digital revenue    
Total digital revenue 1,347,000 1,384,000
Digital [Member]    
Cost of revenue    
Total cost of revenue 2,249,000 1,416,000
Non Digital [Member]    
Cost of revenue    
Total cost of revenue $ 2,255,000 $ 3,385,000