Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total Net Revenues $ 1,938,370 $ 1,855,489 $ 4,089,075 $ 3,149,698
Total Cost of Sales 574,141 747,221 1,738,811 1,335,935
Gross Profit 1,364,229 1,108,268 2,350,264 1,813,763
Operating Expenses:        
Research and development 257,529 296,413 526,769 607,861
Selling, general and administrative 1,071,291 951,089 2,284,104 2,162,192
Depreciation and amortization 12,974 10,349 22,427 23,589
Total Operating Expenses 1,341,794 1,257,851 2,833,300 2,793,642
Operating Profit / (Loss) 22,435 (149,583) (483,036) (979,879)
Other Income / (Expenses):        
Gain / (Loss) on Debt Extinguishment 0 0 0 920,673
Gain / (Loss) on sale of fixed assets (456) 0 (456) 0
Interest expense, net (6,847) (3,829) (19,204) (11,702)
Total Other Income / (Expenses): (7,303) (3,829) (19,660) 908,971
Income (Loss) before Provision for Income Taxes 15,132 (153,411) (502,696) (70,908)
Income Tax Provision /(Benefit) 6,385 2,183 6,385 1,948
Net Income (Loss) $ 8,747 $ (155,595) $ (509,081) $ (72,856)
Basic – net income (loss) attributable to common stockholders $ 0.00 $ 0.00 $ 0.00 $ 0.00
Diluted – net income (loss) attributable to common stockholders $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted Average Common Shares Outstanding – basic 299,212,282 136,311,335 293,782,250 136,311,335
Weighted Average Common Shares Outstanding – diluted 299,212,282 136,311,335 293,782,250 136,311,335
Product [Member]        
Total Net Revenues $ 1,787,391 $ 1,672,905 $ 3,741,821 $ 2,780,769
Total Cost of Sales 544,835 734,899 1,677,735 1,312,713
Recurring [Member]        
Total Net Revenues 150,979 182,584 347,254 368,929
Total Cost of Sales $ 29,306 $ 12,322 $ 61,076 $ 23,222

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