Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Sales $ 1,643,716 $ 4,915,240
Cost of sales (1,475,961) (1,211,799)
Gross profit 167,755 3,703,441
Operating Expenses    
Selling and marketing 738,399 580,850
General and administrative 7,961,065 5,389,716
Depreciation and amortization 251,941 145,653
Impairment of investment - related party 7,000,000
Total operating expenses 15,951,405 6,116,219
Loss From Operations (15,783,650) (2,412,778)
Other Expense (Income)    
Interest income (142,746) (26,587)
Interest expense 1,694,457 374,685
Forgiveness of PPP loan (242,486)
Loss on extinguishment of debt 2,105,119
Inducement expense 3,163,318
Other income (300,000) (162,500)
(Gains) losses from foreign currency translation (478,500) 33,128
Total other expense (income) 6,041,648 (23,760)
Net Loss (21,825,298) (2,389,018)
Net loss attributable to non-controlling interest 72,261 197,312
Net Loss Attributable to Common Stockholders $ (21,753,037) $ (2,191,706)
Net Loss Per Common Share    
Basic and Diluted $ (12.33) $ (3.28)
Weighted Average Number of Common Shares Outstanding    
Basic and Diluted 1,764,831 668,268