v3.24.3
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) [Abstract]        
Sales $ 14,718,386 $ 18,288,697 $ 41,487,003 $ 60,190,413
Cost of sales 9,482,661 11,256,239 26,653,476 38,014,705
Gross profit 5,235,725 7,032,458 14,833,527 22,175,708
Operating expenses:        
Selling, general and administrative expenses 6,133,087 7,150,110 19,321,037 22,444,808
Amortization expense 709,375 1,216,698 2,128,125 3,700,095
Fair value remeasurement of SUNation earnout consideration   230,000 (800,000) 1,160,000
Total operating expenses 6,842,462 8,596,808 20,649,162 27,304,903
Operating loss (1,606,737) (1,564,350) (5,815,635) (5,129,195)
Other (expense) income:        
Investment and other income 25,410 88,163 98,576 143,452
(Loss) gain on sale of assets (6,940) 192,845 (822) 437,116
Fair value remeasurement of warrant liability (1,435,845)   (974,823)  
Fair value remeasurement of embedded derivative liability 587,271   (468,329)  
Fair value remeasurement of contingent value rights (14,051) (239,922) 478,809 1,152,273
Interest and other expense (811,551) (810,023) (2,312,054) (1,867,576)
Loss on debt extinguishment (35,657)   (35,657)  
Other (expense) income, net (1,691,363) (768,937) (3,214,300) (134,735)
Net loss before income taxes (3,298,100) (2,333,287) (9,029,935) (5,263,930)
Income tax (benefit) expense 509 (4,234) 38 (1,396)
Net loss from continuing operations (3,298,609) (2,329,053) (9,029,973) (5,262,534)
Net loss from discontinued operations, net of tax   (33,983)   (1,206,235)
Net loss (3,298,609) (2,363,036) (9,029,973) (6,468,769)
Other comprehensive income (loss), net of tax:        
Unrealized (loss) gain on available-for-sale securities   (34,108)   10,422
Total other comprehensive (loss) income   (34,108)   10,422
Comprehensive loss (3,298,609) (2,397,144) (9,029,973) (6,458,347)
Deemed dividend on extinguishment of Convertible Preferred Stock (3,464,426)   (4,215,551)  
Deemed dividend on modification of PIPE Warrants (875,737)   (11,447,251)  
Deemed contribution on exchange of equity instruments 4,075,681   4,075,681  
Net loss attributable to common shareholders $ (3,563,091) $ (2,363,036) $ (20,617,094) $ (6,468,769)
Basic net loss per share:        
Continuing operations [1] $ (11.77) $ (173.81) $ (128.25) $ (395.75)
Discontinued operations [1]   (2.54)   (90.71)
Basic net loss per share [1] (11.77) (176.35) (128.25) (486.46)
Diluted net loss per share:        
Continuing operations [1] (11.77) (173.81) (128.25) (395.75)
Discontinued operations [1]   (2.54)   (90.71)
Diluted net loss per share [1] $ (11.77) $ (176.35) $ (128.25) $ (486.46)
Weighted Average Basic Shares Outstanding [1] 302,756 13,400 160,751 13,298
Weighted Average Dilutive Shares Outstanding [1] 302,756 13,400 160,751 13,298
[1] Prior period results have been adjusted to reflect the reverse stock split of the common stock at a ratio of 1-for-50 that became effective October 17, 2024 and the reverse stock split of the common stock at a ratio of 1-for-15 that became effective June 12, 2024. See Note 1, "Nature of Operations," for further details.

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