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Three months ended March 31,
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| 2022 | 2021 | ||||||
| Net Loss | $ | (696,217 | ) | $ | (1,588,582 | ) | |
| Interest expense | 7,658 | 317,443 | |||||
| Interest expense - BCF | - | 636,075 | |||||
| Interest income | (79,852 | ) | - | ||||
| Income tax benefit | (108,060 | ) | - | ||||
| Depreciation and amortization | 218,278 | 55,685 | |||||
| EBITDA | $ | (658,193 | ) | $ | (579,379 | ) | |
| Loss on extinguishment of debt | - | 790,723 | |||||
| Stock-based compensation | 882,000 | 290,805 | |||||
| Transaction costs | 55,225 | 6,687 | |||||
| Non-recurring legal fees | 161,546 | - | |||||
| Adjusted EBITDA | $ | 440,578 | $ | 508,836 | |||
urban-gro, Inc. Reports Record First Quarter 2022 Financial Results with Revenue Growth of 76% and 7th Consecutive Quarter of Positive Adjusted EBITDA
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NON-GAAP ADJUSTED EBITDA RECONCILIATION TO NET INCOME (LOSS)
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