Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 73,900 $ 450,456 $ 453,460 $ 826,625
Cost of Sales (30,097) (216,018) (116,602) (414,668)
Gross Profit 43,803 234,438 336,858 411,957
Operating Expenses        
Salaries and related costs 279,513 586,119 626,732 1,247,894
Share based compensation 188,954 862,000 415,033 862,000
Loss on disposal of property and equipment 9,610 92,804 9,610 92,804
Other general and administrative 394,751 699,630 904,662 1,618,542
Total Operating Expenses 872,828 2,240,553 1,956,037 3,821,240
Operating Loss (829,025) (2,006,115) (1,619,179) (3,409,283)
Other Income (Expense)        
Inducement expense (3,024,872)
Loss on extinguishment of convertible notes payable (2,196,100) (2,196,100)
Interest income 501,670 505,040
Interest expense (111,758) (54,145) (187,480) (59,930)
Other income (expense) (52) 2,255 (4,457) 3,534
Total Other Income (Expense) (1,806,240) (51,890) (4,907,869) (56,396)
Net Loss (2,635,265) (2,058,005) (6,527,048) (3,465,679)
Net Loss attributable to common stockholders $ (2,635,265) $ (2,058,005) $ (6,527,048) $ (3,465,679)
Loss per share - Basic and Diluted [1] $ (11.97) $ (14.90) $ (29.87) $ (25.52)
Weighted average outstanding shares - basic and diluted 220,180 138,092 218,531 135,827
[1] The number of outstanding shares of common stock have been adjusted for all periods presented to reflect a one-for-one thousand reverse stock split that became effective on June 13, 2022. The amounts in common stock and additional paid-in capital were adjusted as of the effective date of the one-for-one thousand reverse stock split. See Note 1 for additional information.