v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
SALES: $ 813,951 $ 573,649 $ 1,743,226 $ 1,624,725
COST OF SALES (excluding depreciation expense) 346,611 246,346 801,042 705,680
GROSS PROFIT 467,340 327,303 942,184 919,045
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $0 and $4,445 for the three months ended September 30, 2023, and 2022, and $42,183 and $1,025,571 for the nine months ended September 30, 2023 and 2022, respectively) (308,991) (412,642) (1,177,044) (2,253,374)
Professional fees (111,005) (217,123) (491,958) (663,387)
General and administrative expenses (161,975) (198,362) (483,279) (588,366)
Total Operating Expenses (581,971) (828,127) (2,152,281) (3,505,127)
OTHER OPERATING INCOME:        
Gain on sale of product line   4,051,709
INCOME (LOSS) FROM OPERATIONS (114,631) (500,824) 2,841,612 (2,586,082)
OTHER INCOME (EXPENSES):        
Gain (loss) on debt extinguishment, net 9,250   471,831 (231,395)
Interest expense (58,301) (440,552) (420,276) (1,051,437)
Total Other Income (Expenses), net (49,437) (445,566) 45,506 (1,289,079)
NET INCOME (LOSS) (164,068) (946,390) 2,887,118 (3,875,161)
Net (income) loss of subsidiary attributable to noncontrolling interest (28,657) 8,529 6,705 31,615
Preferred stock dividend (13,483) (14,619) (40,788) (46,246)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (206,208) $ (952,480) $ 2,853,035 $ (3,889,792)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic (in Dollars per share) $ 0 $ 0 $ 0.01 $ (0.01)
Diluted (in Dollars per share) $ 0 $ 0 $ 0 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 524,747,583 319,825,057 478,703,698 299,609,959
Diluted (in Shares) 524,747,583 319,825,057 2,355,294,011 299,609,959
Related Party        
OTHER INCOME (EXPENSES):        
Interest expense - related party $ (386) $ (5,014) $ (6,049) $ (6,247)

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