v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net Sales $ 8,705,194 $ 10,325,336 $ 17,863,400 $ 19,449,186
Cost of Goods Sold 8,053,961 7,078,942 18,918,247 13,985,399
Gross Profit 651,233 3,246,394 (1,054,847) 5,463,787
Operating Expenses        
Payroll Expense 1,092,119 1,196,704 2,410,900 2,496,274
Professional Fees 133,612 132,380 216,614 435,684
Bank Charges and Merchant Fees 132,453 132,358 289,569 282,866
Advertising and Marketing 490,770 531,873 832,171 947,445
Bad Debt (Recovery)/Expense (249,829) 649,637 (623) 245,768
Impairment of Hemp-Specific Fixed Assets 64,628 0 208,049 0
Depreciation and Amortization 47,047 62,512 109,937 124,777
Collab Commission and Royalty Expense 0 5,742 0 72,840
Other Operating Expenses 467,588 644,828 970,952 1,296,159
Total Operating Expenses 2,178,388 3,356,034 5,037,569 5,901,813
Loss From Operations (1,527,155) (109,640) (6,092,416) (438,026)
Other Income/(Expenses)        
Impairment of Investment in Bendistillery (99,800) 0 (99,800) 0
Interest Income 7,916 19,098 15,864 51,982
Interest Expense (21,760) (77,474) (42,976) (157,467)
Theft Expense 0 (350,000) 0 (350,000)
Settlement Income 0 177,500 0 177,500
Settlement Costs 0 0 (100,000) 0
Debt Financing Expenses (799) (2,773) (24,991) (5,515)
Penalties (2,104) (1,670) (3,604) (1,683)
Gain/(Loss) on Disposal of Fixed Assets (1,250) 0 (12,126) 0
Loss on Deposits 0 (500) 0 (5,000)
Gain on Forgiveness of Debt 0 21,681 0 21,681
Total Other Income/(Expenses) (117,797) (214,138) (267,633) (268,502)
Loss Before Provision for Income Taxes (1,644,952) (323,778) (6,360,049) (706,528)
Benefit/(Provision) for Income Taxes 206,662 54,828 761,810 134,536
Net Loss (1,438,290) (268,950) (5,598,239) (571,992)
Less: Accrued Preferred Stock Dividends (3,367) (3,366) (6,694) (6,697)
Net Loss Attributable to Common Stockholders $ (1,441,657) $ (272,316) $ (5,604,933) $ (578,689)
Earnings/(Loss) Per Common Share Attributable to Common Stockholders        
Basic $ (0.10) $ (0.02) $ (0.38) $ (0.04)
Diluted $ (0.10) $ (0.02) $ (0.38) $ (0.04)
Weighted average number of common shares outstanding        
Basic 14,822,678 14,822,678 14,822,678 14,822,678
Diluted 14,822,678 14,822,678 14,822,678 14,822,678