Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Service $ 1,593,854 $ 2,964,610 $ 5,542,249 $ 7,996,734
Service - related party 17,000 500 210,400
Total revenue 1,593,854 2,981,610 5,542,749 8,207,134
Costs and expenses:        
Cost of revenue (exclusive of items shown separately below) 2,651,380 3,781,224 7,484,249 8,220,447
Depreciation 160,744 141,901 487,052 370,306
Research and development 275,154 242,996 984,882 2,094,278
General and administrative 6,704,890 4,861,319 17,478,099 8,778,498
Total costs and expenses 9,792,168 9,027,440 26,434,282 19,463,529
Operating loss (8,198,314) (6,045,830) (20,891,533) (11,256,395)
Other (income) expense:        
Other (income) expense, net (133,311) (27,980) 1,019,816 (32,692)
Gain on sale of assets (3,908)
Foreign currency transaction loss (gain) 83,654 (206,617) 56,061 (207,146)
Loss on exchange of warrants 590,266
Change in fair value of warrant liabilities 8,656,392 5,963,238 (18,775,158) 5,963,238
Interest expense, net 873,738 1,402,026 7,365,402 3,057,660
Total other (income) expense, net 9,480,473 7,130,667 (9,747,521) 8,781,060
Net loss $ (17,678,787) $ (13,176,497) $ (11,144,012) $ (20,037,455)
Basic loss per share (in Dollars per share) $ (0.43) $ (1.1) $ (0.28) $ (2.09)
Basic weighted average shares outstanding (in Shares) 41,155,115 16,535,661 40,453,015 11,983,183