Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Revenues, net $ 19,629,062 $ 16,502,209
Cost of revenues 12,822,450 11,425,619
Gross profit 6,806,612 5,076,590
Operating expenses:    
Selling, general and administrative 15,909,840 9,718,286
Gain on change in fair value of earnout liability (520,000)
Impairment of goodwill 4,443,000
Total operating expenses 19,832,840 9,718,286
Operating loss (13,026,228) (4,641,696)
Other (expense) income:    
Rental income 102,815 102,815
Interest expense (1,298,168) (501,221)
Other income 3,054
Total other expense (1,192,299) (398,406)
Loss before income taxes (14,218,527) (5,040,102)
Income tax (benefit) expense (19,547) 303,915
Net loss (14,198,980) (5,344,017)
Net loss attributable to noncontrolling interests (1,269,274) (13,891)
Net loss attributable to Edison Nation, Inc. $ (12,929,706) $ (5,330,126)
Net loss per share - basic and diluted $ (2.36) $ (1.28)
Weighted average number of common shares outstanding - basic and diluted 6,026,049 4,157,054