Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
SALES $ 510,709 $ 155,650
COST OF SALES (excluding depreciation expense) 249,630 31,384
GROSS PROFIT 261,079 124,266
Compensation and related benefits (including stock-based compensation of $1,014,508 and $3,902,480 for the three months ended March 31, 2022, and 2021, respectively) 1,416,018 4,575,113
Research and development 842
Professional fees 314,212 224,753
General and administrative expenses 204,613 169,156
Total Operating Expenses 1,934,843 4,969,864
LOSS FROM OPERATIONS (1,673,764) (4,845,598)
Gain on debt extinguishment, net 2,925
Interest expense (248,580) (18,375)
Total Other Income (Expenses) (245,655) (18,375)
NET LOSS (1,919,419) (4,863,973)
Net loss of subsidiary attributable to noncontrolling interest 13,020
NET LOSS ATTRIBUTABLE TO C-BOND SYSTEMS, INC. (1,906,399) (4,863,973)
Preferred stock dividend and deemed dividend (14,005) (2,855,576)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,920,404) $ (7,719,549)
Basic and diluted (in Dollars per share) $ (0.01) $ (0.03)
Basic and diluted (in Shares) 283,833,276 230,906,432