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
|