Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
SALES $ 863,533 $ 414,055 $ 1,800,337 $ 929,275
COST OF SALES (excluding depreciation expense) 424,959 209,071 886,888 454,431
GROSS PROFIT 438,574 204,984 913,449 474,844
OPERATING EXPENSES:        
Compensation and related benefits (including stock-based compensation of $0 and $30,046 for the three months ended June 30, 2024 and 2023, and $376,968 and $42,183 for the six months ended June 30, 2024 and 2023, respectively) (373,548) (441,181) (1,152,667) (868,053)
Professional fees (88,030) (193,263) (229,614) (380,953)
General and administrative expenses (169,357) (142,404) (365,048) (321,304)
Total Operating Expenses (630,935) (776,848) (1,747,329) (1,570,310)
OTHER OPERATING INCOME:        
Gain on sale of product line 4,051,709 4,051,709
(LOSS) INCOME FROM OPERATIONS (192,361) 3,479,845 (833,880) 2,956,243
OTHER INCOME (EXPENSES):        
Gain on debt extinguishment, net 462,581 347,990 462,581
Interest expense (53,608) (166,189) (67,727) (361,975)
Interest expense - related party (1,964) (5,663)
Total Other Income (Expenses), net (53,608) 294,428 280,263 94,943
NET (LOSS) INCOME BEFORE NONCONTROLLING INTEREST (245,969) 3,774,273 (553,617) 3,051,186
Net (income) loss of subsidiary attributable to noncontrolling interest (4,207) 18,640 (13,717) 35,362
Preferred stock dividend (13,749) (13,618) (28,098) (27,305)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (263,925) $ 3,779,295 $ (595,432) $ 3,059,243
NET (LOSS) INCOME PER COMMON SHARE:        
Basic (in Dollars per share) $ 0 $ 0.01 $ 0 $ 0.01
Diluted (in Dollars per share) $ 0 $ 0 $ 0 $ 0
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 543,165,027 493,056,689 539,431,386 458,283,435
Diluted (in Shares) 543,165,027 2,349,380,186 539,431,386 2,314,606,932