Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
SALES $ 540,367 $ 133,670 $ 1,051,076 $ 289,320
COST OF SALES (excluding depreciation expense) 209,704 24,167 459,334 55,551
GROSS PROFIT 330,663 109,503 591,742 233,769
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $6,618 and $51,192 for the three months ended June 30, 2022, and 2021, and $1,021,126 and $3,953,672 for the six months ended June 30, 2022 and 2021, respectively) 424,714 355,818 1,840,732 4,930,931
Research and development (3,246) (2,404)
Professional fees 132,052 292,193 446,264 516,946
General and administrative expenses 185,391 86,367 390,004 255,523
Total Operating Expenses 742,157 731,132 2,677,000 5,700,996
LOSS FROM OPERATIONS (411,494) (621,629) (2,085,258) (5,467,227)
OTHER INCOME (EXPENSES):        
Loss on debt extinguishment, net (234,320) (231,395)
Other income 67,778 67,778
Interest expense (362,305) (25,174) (610,885) (43,549)
Interest expense - related party (1,233) (1,233)
Total Other Income (Expenses) (597,858) 42,604 (843,513) 24,229
NET LOSS (1,009,352) (579,025) (2,928,771) (5,442,998)
Net loss of subsidiary attributable to noncontrolling interest 10,066 23,086
NET LOSS ATTRIBUTABLE TO C-BOND SYSTEMS, INC. (999,286) (579,025) (2,905,685) (5,442,998)
Preferred stock dividend and deemed dividend (17,622) (11,478) (31,627) (2,867,054)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,016,908) $ (590,503) $ (2,937,312) $ (8,310,052)
NET LOSS PER COMMON SHARE:        
Basic and diluted (in Dollars per share) $ 0 $ 0 $ (0.01) $ (0.04)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (in Shares) 294,776,031 239,297,760 289,334,882 235,125,277