Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Sales $ 440,939 $ 2,605,158 $ 1,271,871 $ 3,220,557
Cost of sales (433,941) (210,437) (1,205,534) (650,003)
Gross profit 6,998 2,394,721 66,337 2,570,554
Operating Expenses        
Selling and marketing 109,299 100,870 614,529 336,081
General and administrative 1,729,283 1,370,870 5,403,409 3,934,500
Depreciation and amortization 83,677 35,758 178,896 103,680
Total operating expenses 1,922,259 1,507,498 6,196,834 4,374,261
(Loss) Income from Operations (1,915,261) 887,223 (6,130,497) (1,803,707)
Other Expense (Income)        
Interest expense, net 105,511 49,646 1,527,887 88,209
Forgiveness of PPP Loan (242,486)
Other income (75,000) (87,500) (225,000) (87,500)
Gains from foreign currency translation (185,251) (6,130) (411,178) (34,991)
Loss on extinguishment of debt 2,105,119
Inducement expense 2,965,222 3,163,318
Total other expense (income) 2,810,482 (43,984) 6,160,146 (276,768)
Net (Loss) Income (4,725,743) 931,207 (12,290,643) (1,526,939)
Net loss attributable to non-controlling interest 45,086 72,261 142,647
Net (Loss) Income Attributable to Common Stockholders $ (4,725,743) $ 976,293 $ (12,218,382) $ (1,384,292)
Net (Loss) Income per Common Share $ (2.19) $ 1.35 $ (8.85) $ (2.21)
Weighted Average Number of Common Shares Outstanding:        
Basic and Diluted 2,153,824 721,533 1,380,289 627,569