v3.20.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,468,103 $ 1,298,371
Cost of sales 1,120,102 1,052,442
Gross profit 348,001 245,929
Operating expenses:    
Selling, general and administrative 157,206 139,003
Salaries, wages and payroll taxes 195,642 173,319
Professional fees 114,889 103,195
Depreciation and amortization 71,504 67,214
Total operating expenses 539,241 482,731
(Loss) before other expenses and income taxes (191,240) (236,802)
Change in fair value of derivative instruments, net 36,925
Interest expense 91,253 19,219
Foreign currency exchange rate variance 2,367 14,677
Total other income 93,620 70,821
Net loss (284,860) (307,623)
Comprehensive Income:    
Net loss (284,860) (307,623)
Foreign currency translation adjustments (9,194) (181)
Comprehensive loss $ (294,054) $ (307,804)
Net loss Per Share - Basic & Diluted $ (2.43) $ (3.87)
Weighted average common shares outstanding - Basic & Diluted 121,216 79,540

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