v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
SALES $ 171,383 $ 89,301 $ 416,178 $ 230,586
COST OF SALES (excluding depreciation expense) 30,230 15,998 86,367 44,010
GROSS PROFIT 141,153 73,303 329,811 186,576
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $913,348 and $1,836,653 for the three months ended September 30, 2019 and 2018, and $3,392,522 and $5,101,319 for the nine months ended September 30, 2019 and 2018, respectively) 1,252,366 2,161,564 4,573,248 5,903,804
Research and development 3,525 80,376 23,925 148,981
Professional fees 171,882 213,386 681,986 776,618
General and administrative expenses 106,628 112,436 352,962 311,596
Total Operating Expenses 1,534,401 2,567,762 5,632,121 7,140,999
LOSS FROM OPERATIONS (1,393,248) (2,494,459) (5,302,310) (6,954,423)
OTHER EXPENSES:        
Gain (loss) on debt extinguishment 31,009 31,009 (383,475)
Derivative expense (381,005) (381,005)
Settlement expense (200,000) (200,000)
Interest expenses (58,421) (171,060) (49,003)
Total Other Expenses (408,417) (200,000) (521,056) (632,478)
NET LOSS $ (1,801,665) $ (2,694,459) $ (5,823,366) $ (7,586,901)
NET LOSS PER COMMON SHARE:        
Basic and diluted $ (0.02) $ (0.04) $ (0.07) $ (0.11)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING:        
Basic and diluted 102,189,132 75,591,641 88,146,289 68,041,147

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