Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
SALES: $ 414,055 $ 540,367 $ 929,275 $ 1,051,076
COST OF SALES (excluding depreciation expense) 209,071 209,704 454,431 459,334
GROSS PROFIT 204,984 330,663 474,844 591,742
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $30,046 and $6,618 for the three months ended June 30, 2023, and 2022, and $42,183 and $1,021,126 for the six months ended June 30, 2023 and 2022, respectively) (441,181) (424,714) (868,053) (1,840,732)
Professional fees (193,263) (132,052) (380,953) (446,264)
General and administrative expenses (142,404) (185,391) (321,304) (390,004)
Total Operating Expenses (776,848) (742,157) (1,570,310) (2,677,000)
OTHER OPERATING INCOME:        
Gain on sale of product line 4,051,709 4,051,709
INCOME (LOSS) FROM OPERATIONS 3,479,845 (411,494) 2,956,243 (2,085,258)
OTHER INCOME (EXPENSES):        
Gain (loss) on debt extinguishment, net 462,581 (234,320) 462,581 (231,395)
Interest expense (166,189) (362,305) (361,975) (610,885)
Interest expense - related party (1,964) (1,233) (5,663) (1,233)
Total Other Income (Expenses), net 294,428 (597,858) 94,943 (843,513)
NET INCOME (LOSS) 3,774,273 (1,009,352) 3,051,186 (2,928,771)
Net loss of subsidiary attributable to noncontrolling interest 18,640 10,066 35,362 23,086
Preferred stock dividend (13,618) (17,622) (27,305) (31,627)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 3,779,295 $ (1,016,908) $ 3,059,243 $ (2,937,312)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic (in Dollars per share) $ 0.01 $ 0 $ 0.01 $ (0.01)
Diluted (in Dollars per share) $ 0 $ 0 $ 0 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 493,056,689 294,776,031 458,283,435 289,334,882
Diluted (in Shares) 2,349,380,186 294,776,031 2,314,606,932 289,334,882