v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 42,323 $ 60,786 $ 65,605 $ 60,786
Cost of goods sold 173 16,751 7,752 16,751
Gross profit 42,150 44,035 57,853 44,035
Operating expenses:        
General and administrative 368,146 2,214,022 1,108,572 2,499,163
Professional fees 306,194 2,204,501 525,657 3,090,855
Depreciation expense 13,114 8,298 22,998 14,210
Total operating expenses 687,454 4,426,821 1,657,227 5,604,228
Operating loss (645,304) (4,382,786) (1,599,374) (5,560,193)
Other income (expense):        
Sublease income 7,500 14,500
Interest income 1,244 1,558
Interest expense (116,634) (10,545) (210,095) (21,054)
Total other expense (107,890) (10,545) (194,037) (21,054)
Net loss (753,194) (4,393,331) (1,793,411) (5,581,247)
Other comprehensive loss:        
Loss on foreign currency translation (5,779) (6,844) (5,419) (28,203)
Net other comprehensive loss (758,973) (4,400,175) (1,798,830) (5,609,450)
Series A convertible preferred stock declared ($0.60 per share) 12,616 (34,843)
Net loss attributable to common shareholders $ (746,357) $ (4,400,175) $ (1,833,673) $ (5,609,450)
Weighted average number of common shares outstanding - basic and fully diluted 59,329,167 46,426,789 58,721,432 46,343,690
Net loss per share - basic and fully diluted $ (0.01) $ (0.09) $ (0.03) $ (0.12)
Dividends declared per share of common stock $ 0.00 $ 0.00 $ 0.00 $ 0.00

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