v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Seed sales, net $ 406,214 $ 94,645
Cost of goods sold 728,803 85,276
Gross (Loss) Profit (322,589) 9,369
Operating Expenses    
General and administrative expense 11,351,234 3,714,962
Facilities expense 3,202,921 2,840,537
Depreciation expense 207,221 25,670
Amortization expense 338,373 89,030
Total Operating Expenses 15,099,749 6,670,199
OPERATING LOSS (15,422,338) (6,660,830)
OTHER INCOME (EXPENSE)    
Interest expense, net (1,340,176) (710,162)
Loss on extinguishment of debt (3,972,568)  
Other income (40,111) 1,049
Change in fair value of Class B Units (971,590) (851,231)
Change in fair value of Warrant Commitment Liability 4,515,307  
Loss before income taxes (17,231,476) (8,221,174)
Income tax benefit 72,880  
NET LOSS $ (17,158,596) $ (8,221,174)
BASIC NET LOSS PER COMMON SHARE $ (0.41) $ (0.23)
DILUTED NET LOSS PER COMMON SHARE $ (0.41) $ (0.23)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING 42,188,994 36,096,794
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 42,188,994 36,096,794

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