Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
REVENUES, net $ 134,521 $ 45,391 $ 277,334 $ 210,363
COST OF GOODS SOLD 38,870 29,481 101,865 133,661
GROSS PROFIT 95,651 15,910 175,469 76,702
OPERATING EXPENSES:        
Salaries and wages 340,863 384,917 714,155 789,726
Professional fees 118,126 200,880 340,442 442,248
Selling, general, and administrative expenses 193,904 233,876 362,317 525,445
Stock based compensation 166,562 178,687 344,375 359,062
Research and development 56,494 59,196 91,776 104,868
Depreciation and amortization 8,734 7,766 17,467 19,028
Total operating expenses 884,683 1,065,322 1,870,532 2,240,377
Loss from operations (789,032) (1,049,412) (1,695,063) (2,163,675)
OTHER INCOME (EXPENSE):        
Change in fair value of derivative liability 80,833 17,385 77,166 17,385
Gain on modification of debt instruments 354,791
Other income 10,000 10,000
Interest expense (1,002,143) (49,667) (1,450,104) (70,824)
Total other (expense) income, net (911,310) (32,282) (1,008,147) (53,439)
Loss before the provision for income taxes (1,700,342) (1,081,694) (2,703,210) (2,217,114)
PROVISION FOR INCOME TAXES
NET LOSS $ (1,700,342) $ (1,081,694) $ (2,703,210) $ (2,217,114)
NET LOSS PER SHARE        
Basic $ (2.26) $ (1.59) $ (3.72) $ (3.28)
Diluted $ (2.26) $ (1.59) $ (3.72) $ (3.28)
SHARES USED IN CALCULATION OF NET LOSS PER SHARE        
Basic 753,222 680,186 727,050 675,250
Diluted 753,222 680,186 727,050 675,250