v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
SALES:        
Third parties $ 673,318 $ 252,940 $ 962,638 $ 356,770
Related party 1,200   1,200  
Total Sales 674,518 252,940 963,838 356,770
COST OF SALES (excluding depreciation expense) 248,607 65,638 304,158 106,307
GROSS PROFIT 425,911 187,302 659,680 250,463
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $89,254 and $272,648 for the three months ended September 30, 2021 and 2020, and $4,042,926 and $942,850 for the nine months ended September 30, 2021 and 2020, respectively) 464,230 628,701 5,395,161 2,234,525
Research and development   9,868 (2,404) 14,597
Professional fees 260,447 117,065 777,393 404,145
General and administrative expenses 162,111 97,126 417,634 279,601
Total Operating Expenses 886,788 852,760 6,587,784 2,932,868
LOSS FROM OPERATIONS (460,877) (665,458) (5,928,104) (2,682,405)
OTHER INCOME (EXPENSES):        
Gain on debt extinguishment, net 767,415 877,823
Other income     67,778 8,000
Derivative income (expense) 653,405 (90,623)
Interest expense (29,900) (274,966) (73,449) (732,547)
Total Other Income (Expenses) (29,900) 1,145,854 (5,671) 62,653
NET (LOSS) INCOME (490,777) 480,396 (5,933,775) (2,619,752)
Net income attributable to noncontrolling interest (34,151)   (34,151)  
Preferred stock dividend and deemed dividend (1,521,736) (2,795) (4,388,790) (2,795)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,046,664) $ 477,601 $ (10,356,716) $ (2,622,547)
NET (LOSS) INCOME PER COMMON SHARE:        
Basic and diluted (in Dollars per share) $ (0.01) $ 0 $ (0.04) $ (0.02)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING:        
Basic and diluted (in Shares) 265,771,901 201,624,719 245,453,077 155,441,343

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