Income Statement

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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
Total Net Revenues $ 2,017,334 $ 1,454,068 $ 6,106,409 $ 4,603,766
Total Cost of Sales 1,404,264 865,519 3,143,075 2,201,454
Gross Profit 613,070 588,549 2,963,334 2,402,312
Operating Expenses:        
Research and development 272,144 268,917 798,913 876,778
Selling, general and administrative 1,026,023 1,200,569 3,310,127 3,362,761
Depreciation and amortization 8,702 10,346 31,129 33,935
Total Operating Expenses 1,306,869 1,479,832 4,140,169 4,273,474
Operating Profit / (Loss) (693,799) (891,283) (1,176,835) (1,871,162)
Other Income / (Expenses):        
Gain / (Loss) on Debt Extinguishment 0 916,107 0 1,836,780
Gain / (Loss) on Fixed Assets Disposal (70) 0 (526) 0
Interest expense, net (2,735) (7,584) (21,940) (19,286)
Total Other Income / (Expenses): (2,805) 908,523 (22,466) 1,817,494
Income (Loss) before Provision for Income Taxes (696,604) 17,240 (1,199,301) (53,668)
Income Tax Provision /(Benefit) 968 0 7,353 1,948
Net Income (Loss) $ (697,572) $ 17,240 $ (1,206,654) $ (55,616)
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 299,212,282 136,311,335 295,592,261 136,311,335
Weighted Average Common Shares Outstanding – diluted 299,212,282 136,311,335 295,592,261 136,311,335
Product [Member]        
Total Net Revenues $ 1,828,954 $ 1,290,389 $ 5,570,775 $ 4,071,159
Total Cost of Sales 1,371,312 851,873 3,049,048 2,164,586
Recurring [Member]        
Total Net Revenues 188,380 163,679 535,634 532,607
Total Cost of Sales $ 32,952 $ 13,646 $ 94,027 $ 36,868

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