Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.23.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
SALES: $ 515,220 $ 510,709
COST OF SALES (excluding depreciation expense) 245,360 249,630
GROSS PROFIT 269,860 261,079
OPERATING EXPENSES:    
Compensation and related benefits (including stock-based compensation of $12,137 and $1,014,508 for the three months ended March 31, 2023, and 2022, respectively) 426,872 1,416,018
Professional fees 187,690 314,212
General and administrative expenses 178,900 204,613
Total Operating Expenses 793,462 1,934,843
LOSS FROM OPERATIONS (523,602) (1,673,764)
OTHER INCOME (EXPENSES):    
Gain on debt extinguishment 2,925
Interest expense (195,786) (248,580)
Interest expense - related party (3,699)
Total Other Expenses, net (199,485) (245,655)
NET LOSS (723,087) (1,919,419)
Net loss of subsidiary attributable to noncontrolling interest 16,722 13,020
Preferred stock dividend (13,687) (14,005)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (720,052) $ (1,920,404)
NET LOSS PER COMMON SHARE:    
Basic and diluted (in Dollars per share) $ 0 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic and diluted (in Shares) 424,991,656 283,833,276