v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
SALES $ 252,940 $ 171,383 $ 356,770 $ 416,178
COST OF SALES (excluding depreciation expense) 65,638 30,230 106,307 86,367
GROSS PROFIT 187,302 141,153 250,463 329,811
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $272,648 and $913,348 for the three months ended September 30, 2020 and 2019, and $942,850 and $3,392,522 for the nine months ended September 30, 2020 and 2019, respectively) 628,701 1,252,366 2,234,525 4,573,248
Research and development 9,868 3,525 14,597 23,925
Professional fees 117,065 171,882 404,145 681,986
General and administrative expenses 97,126 106,628 279,601 352,962
Total Operating Expenses 852,760 1,534,401 2,932,868 5,632,121
LOSS FROM OPERATIONS (665,458) (1,393,248) (2,682,405) (5,302,310)
OTHER INCOME (EXPENSES):        
Gain on debt extinguishment, net 767,415 31,009 877,823 31,009
Other income 8,000
Derivative income (expense) 653,405 (381,005) (90,623) (381,005)
Interest expense (274,966) (58,421) (732,547) (171,060)
Total Other Income (Expenses) 1,145,854 (408,417) 62,653 (521,056)
NET (LOSS) INCOME 480,396 (1,801,665) (2,619,752) (5,823,366)
PREFERRED STOCK DIVIDEND (2,795) (2,795)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 477,601 $ (1,801,665) $ (2,622,547) $ (5,823,366)
NET (LOSS) INCOME PER COMMON SHARE:        
Basic and diluted $ 0 $ (0.02) $ (0.02) $ (0.07)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING:        
Basic and diluted 201,624,719 102,189,132 155,441,343 88,146,289

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