General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]            
Sales $ 60,228 $ 231,231 $ 474,546 $ 940,459 $ 1,284,437 $ 3,099,608
Cost of sales (80,995) (317,602) (571,621) (947,710) (1,040,339) (1,441,696)
Gross profit (loss) (20,767) (86,371) (97,075) (7,251) 244,098 1,657,912
Operating Expenses (Income)            
Selling and marketing 110,687 100,066 160,686 336,873 482,677 317,404
General and administrative 859,967 1,410,509 3,342,240 4,339,943 6,428,625 6,423,540
Depreciation and amortization 45,906 39,211 138,409 151,370 196,438 171,749
Gain from insurance settlement (30,240) (165,508) (30,240) (165,508) (165,508)
Total operating expenses 986,320 1,384,278 3,611,095 4,662,678 6,942,232 6,912,693
Loss from Operations (1,007,087) (1,470,649) (3,708,170) (4,669,929) (6,698,134) (5,254,781)
Other Expense (Income)            
Interest expense, net 72,459 29,140 193,595 256,169 360,413 611,297
Gain on debt restructuring (130,421) (130,421)
Gains from foreign currency translation (14,826) (74,179) (35,316) (106,513) (101,732) (187,660)
Total other (income) expense (72,788) (45,039) 27,858 149,656 258,681 423,637
Net Loss (934,299) (1,425,610) (3,736,028) (4,819,585) (6,956,815) (5,678,418)
Net loss attributable to non-controlling interest 32,838 109,106 128,355 155,515 293,007
Series B preferred stock dividends (178,094) (181,746) (540,217) (539,311) (721,057) (724,108)
Net Loss Attributable to Common Stockholders $ (1,079,555) $ (1,498,250) $ (4,147,890) $ (5,203,381) $ (7,384,865) $ (6,402,526)
Net Loss per Common Share $ (0.02) $ (0.03) $ (0.07) $ (0.10) $ (0.14) $ (0.14)
Weighted Average Number of Common Shares Outstanding:            
Basic and Diluted 61,654,100 57,933,937 60,735,452 52,782,987 54,649,883 44,889,732