Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
SALES $ 602,636 $ 382,244
COST OF SALES (excluding depreciation expense) 121,967 83,384
GROSS PROFIT 480,669 298,860
OPERATING EXPENSES:    
Compensation and related benefits (including stock-based compensation of $3,858,967 and $6,735,124 for the year ended December 31, 2019 and 2018, respectively) 5,359,676 7,823,381
Research and development 31,057 258,294
Professional fees 986,445 1,006,939
General and administrative expenses 462,103 478,348
Total Operating Expenses 6,839,281 9,566,962
LOSS FROM OPERATIONS (6,358,612) (9,268,102)
OTHER EXPENSES:    
Gain (loss) on debt extinguishment 31,009 (383,475)
Derivative expense (570,059)
Settlement expense (200,000)
Interest expense (343,078) (53,142)
Total Other Expenses (882,128) (636,617)
NET LOSS $ (7,240,740) $ (9,904,719)
NET LOSS PER COMMON SHARE:    
Basic and diluted $ (0.08) $ (0.14)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING:    
Basic and diluted 94,236,036 68,521,112