v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 32,569,656 $ 9,610,306 $ 57,212,220 $ 17,076,325
Cost of revenues 13,163,306 3,452,169 24,619,952 6,050,086
Gross profit 19,406,350 6,158,137 32,592,268 11,026,239
Operating expenses:        
Personnel 2,058,254 1,207,141 3,785,395 2,720,524
Marketing and promotion 270,330 65,618 494,699 178,002
General and administrative 4,282,004 2,336,102 7,452,728 4,584,037
Bad debts 793,871 450,000 1,819,286 450,000
Total operating expenses 7,404,459 4,058,861 13,552,108 7,932,563
Operating income 12,001,891 2,099,276 19,040,160 3,093,676
Non-operating income (expenses):        
Interest expense (264,596) (2,969,191) (1,776,618) (5,660,336)
Interest income 35,768 40,863 69,795 86,894
Loss on obligations settled with equity (1,260) (44,678) (2,546) (44,678)
Loss on equity investments (32,958) (32,958)
Change in fair value of investments (370,119) (234,544) (415,284) (921,546)
Total non-operating income (expenses), net (600,207) (3,240,508) (2,124,653) (6,572,624)
Income (loss) before income taxes 11,401,684 (1,141,232) 16,915,507 (3,478,948)
Provision for income taxes 3,813,108 5,016,905
Net income (loss) 7,588,576 (1,141,232) 11,898,602 (3,478,948)
Net income (loss) attributable to noncontrolling interests 95,724 72,805 185,847 156,533
Net income (loss) attributable to MariMed Inc. $ 7,492,852 $ (1,214,037) $ 11,712,755 $ (3,635,481)
Net income (loss) per share        
Basic $ 0.02 $ (0.00) $ 0.04 $ (0.02)
Diluted $ 0.02 $ (0.00) $ 0.03 $ (0.02)
Weighted average common shares outstanding        
Basic 324,266,644 247,990,403 321,740,575 240,664,873
Diluted 370,256,963 247,990,403 365,323,638 240,664,873

Source