Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
SALES: $ 2,488,493 $ 2,232,646
COST OF SALES (excluding depreciation expense) 1,180,979 954,402
GROSS PROFIT 1,307,514 1,278,244
OPERATING EXPENSES:    
Compensation and related benefits (including stock-based compensation of $42,183 and $1,039,943 for the years ended December 31, 2023, and 2022, respectively) (2,036,514) (2,844,783)
Professional fees (601,214) (815,542)
General and administrative expenses (666,090) (810,413)
Total Operating Expenses (3,303,818) (4,470,738)
OTHER OPERATING INCOME:    
Gain on sale of product line 4,051,709
INCOME (LOSS) FROM OPERATIONS 2,055,405 (3,192,494)
OTHER INCOME (EXPENSES):    
Gain (loss) on debt extinguishment, net 481,832 (343,895)
Interest expense (469,767) (1,610,062)
Interest expense - related party (5,663) (10,027)
Settlement expense (175,000)
Total Other Expenses, net (168,598) (1,963,984)
NET INCOME (LOSS) 1,886,807 (5,156,478)
Net loss of subsidiary attributable to noncontrolling interest 8,858 38,513
Preferred stock dividend (54,195) (60,090)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 1,841,470 $ (5,178,055)
NET INCOME (LOSS) PER COMMON SHARE:    
Basic (in Dollars per share) $ 0 $ (0.02)
Diluted (in Dollars per share) $ 0 $ (0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in Shares) 490,113,378 308,121,062
Diluted (in Shares) 2,524,605,528 308,121,062