Quarterly report pursuant to Section 13 or 15(d)

Segments (Tables)

v3.23.3
Segments (Tables)
9 Months Ended
Sep. 30, 2023
Segments [Abstract]  
Schedule of Company’s Revenues The following tables set forth the Company’s revenues, net and adjusted EBITDA for the three and nine months ended September 30, 2023 and 2022:
    For the three months ended September 30,     For the nine months ended September 30,  
    2023     2022     2023     2022  
Revenues, net:                        
Marketplace                        
Advertising sales   $ 875,546     $ 124,634     $ 1,783,287     $ 197,575  
Brands                                
Product sales     1,387,951      
-
      1,387,951      
-
 
Returns and discounts     (232,597 )    
-
      (232,597 )    
-
 
Total Brand revenues, net     1,155,354      
-
      1,155,354      
-
 
Total revenues, net   $ 2,030,900     $ 124,634     $ 2,938,641     $ 197,575  
Schedule of Segment
    For the three months ended
September 30,
    For the nine months ended
September 30,
 
    2023     2022     2023     2022  
Adjusted EBITDA:                        
Marketplace EBITDA   $ (6,339,765 )   $ (1,922,347 )   $ (14,082,492 )   $ (4,290,320 )
Brands EBITDA     (1,384,997 )    
-
      (1,384,997 )    
-
 
Total adjusted EBITDA     (7,724,762 )     (1,922,347 )     (15,467,489 )     (4,290,320 )
Transaction costs incurred in connection with the Business Combination     (3,309,597 )    
-
      (7,048,177 )    
-
 
Share-based compensation (exclusive of what is included in transaction costs above)     (1,185,089 )    
-
      (1,185,089 )    
-
 
Depreciation and amortization     (759,745 )     (203,489 )     (2,004,319 )     (477,405 )
Other income, net     119,957       328       173,644       8,174  
Change in fair value of warrant liabilities     (7,783,000 )    
-
      (7,783,000 )    
-
 
Change in fair value of earn-out liabilities     450,000      
-
      450,000      
-
 
Change in fair value of convertible notes    
-
     
-
      (14,571,109 )    
-
 
Income tax benefit (expense)     262       4,208       (1,527 )     3,495  
Interest expense, net     (46,690 )    
-
      (210,545 )    
-
 
Net loss   $ (20,238,664 )   $ (2,121,300 )   $ (47,647,611 )   $ (4,756,056 )