Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 649,892 $ 2,742,442 $ 1,686,168 $ 6,498,404
Cost of Sales (161,252) (550,139) (608,079) (1,539,104)
Gross Profit 488,640 2,192,303 1,078,089 4,959,300
Operating Expenses        
Salaries and related costs 606,294 1,913,845 2,425,094 7,078,531
Other general and administrative 542,317 2,025,980 2,807,350 5,309,791
Research and development 201,658 1,151,658
Advertising 51,643 1,467,691 222,196 4,188,087
Depreciation and amortization 30,095 211,885 69,447 631,722
Total Operating Expenses 1,432,007 5,619,401 6,675,745 17,208,131
Operating Loss (943,367) (3,427,098) (5,597,656) (12,248,831)
Other Income (Expense)        
Other income (expense) (34,504) (25,182) 8,990
Interest expense (1,039,349) (80,092) (1,458,521) (259,436)
Change in fair value of redemption put liability 97,997 272,705
Loss on derivative instrument (2,306,121)
Gain on extinguishment of debt 1,300,088
Warrant modification expense (70,851)
Change in fair value of derivative liability - warrants 5,869,102 883,527 2,986,853 883,527
Total Other Income (Expense) 4,893,246 803,435 698,971 633,081
Net Income (Loss) 3,949,879 (2,623,663) (4,898,685) (11,615,750)
Accrued dividends on outstanding Series B Convertible Preferred Stock 7,856 21,000 44,456 66,639
Deemed dividend on adjustment to exercise price on convertible debt and certain warrants 404,384
Deemed dividend on Series D Convertible Preferred Stock 36,450 277,719
Deemed dividend on beneficial conversion features 32,592
Net Income (Loss) attributable to common stockholders $ 3,905,573 $ (2,644,663) $ (5,220,860) $ (12,119,365)
Net Income (Loss) per share Basic $ 0.03 $ (0.03) $ (0.05) $ (0.13)
Net Income (Loss) per share Diluted $ 0.01 $ (0.03) $ (0.05) $ (0.13)
Weighted average outstanding shares - basic 116,970,322 98,991,805 106,691,185 96,150,811
Weighted average outstanding shares - diluted 664,244,972 98,991,805 106,691,185 96,150,811