Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
SALES $ 573,649 $ 674,518 $ 1,624,725 $ 963,838
COST OF SALES (excluding depreciation expense) 246,346 248,607 705,680 304,158
GROSS PROFIT 327,303 425,911 919,045 659,680
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $4,445 and $89,254 for the three months ended September 30, 2022, and 2021, and $1,025,571 and $4,042,926 for the nine months ended September 30, 2022 and 2021, respectively) 412,642 464,230 2,253,374 5,395,161
Research and development (2,404)
Professional fees 217,123 260,447 663,387 777,393
General and administrative expenses 198,362 162,111 588,366 417,634
Total Operating Expenses 828,127 886,788 3,505,127 6,587,784
LOSS FROM OPERATIONS (500,824) (460,877) (2,586,082) (5,928,104)
OTHER INCOME (EXPENSES):        
Loss on debt extinguishment, net (231,395)
Other income 67,778
Interest expense (440,552) (29,900) (1,051,437) (73,449)
Interest expense - related party (5,014) (6,247)
Total Other Income (Expenses) (445,566) (29,900) (1,289,079) (5,671)
NET LOSS (946,390) (490,777) (3,875,161) (5,933,775)
Net loss (income) of subsidiary attributable to noncontrolling interest 8,529 (34,151) 31,615 (34,151)
NET LOSS ATTRIBUTABLE TO C-BOND SYSTEMS, INC. (937,861) (524,928) (3,843,546) (5,967,926)
Preferred stock dividend and deemed dividend (14,619) (1,521,736) (46,246) (4,388,790)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (952,480) $ (2,046,664) $ (3,889,792) $ (10,356,716)
NET LOSS PER COMMON SHARE:        
Basic and diluted (in Dollars per share) $ 0 $ (0.01) $ (0.01) $ (0.04)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (in Shares) 319,825,057 265,771,901 299,609,959 245,453,077