Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUES $ 11,672,000 $ 2,064,000
COST OF REVENUES 6,547,000 856,000
GROSS PROFIT 5,125,000 1,208,000
OPERATING EXPENSES    
Selling, marketing and advertising 9,670,000 5,490,000
Engineering, technology and development 11,100,000 6,821,000
General and administrative 9,435,000 7,640,000
Total operating expenses 30,205,000 19,951,000
NET OPERATING LOSS (25,080,000) (18,743,000)
OTHER INCOME (EXPENSE)    
Accrued interest expense (5,000) (8,000)
Gain on loan forgiveness 1,213,000  
Other 13,000 19,000
Total other income 1,221,000 11,000
LOSS BEFORE BENEFIT FROM INCOME TAXES (23,859,000) (18,732,000)
Benefit from income taxes 3,111,000 0
NET LOSS $ (20,748,000) $ (18,732,000)
Net loss attributable to common stockholders - basic and diluted    
Basic and diluted loss per common share (in dollars per share) $ (0.69) $ (1.64)
Weighted-average number of shares outstanding, basic and diluted (in shares) 29,882,828 11,430,057