v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
SALES $ 43,004 $ 157,712 $ 103,830 $ 244,795
COST OF SALES (excluding depreciation expense) 25,174 35,068 40,669 56,137
GROSS PROFIT 17,830 122,644 63,161 188,658
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $308,922 and $1,011,897 for the three months ended June 30, 2020 and 2019, and $670,302 and $2,479,173 for the six months ended June 30, 2020 and 2019, respectively) 916,454 1,311,677 1,605,824 3,320,882
Research and development 2,339 12,298 4,729 20,400
Professional fees 150,539 278,662 287,080 510,104
General and administrative expenses 77,280 121,180 182,475 246,334
Total Operating Expenses 1,146,612 1,723,817 2,080,108 4,097,720
LOSS FROM OPERATIONS (1,128,782) (1,601,173) (2,016,947) (3,909,062)
OTHER INCOME (EXPENSES):        
Gain on debt extinguishment, net 110,408 110,408
Other income 8,000 8,000
Derivative expense (365,108) (744,028)
Interest expense (216,378) (60,105) (457,581) (112,639)
Total Other Income (Expenses) (463,078) (60,105) (1,083,201) (112,639)
NET LOSS $ (1,591,860) $ (1,661,278) $ (3,100,148) $ (4,021,701)
NET LOSS PER COMMON SHARE:        
Basic and diluted $ (0.01) $ (0.02) $ (0.02) $ (0.05)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING:        
Basic and diluted 143,010,150 81,413,297 132,095,900 81,008,490

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