v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,220,254 $ 1,409,010 $ 2,688,357 $ 2,707,381
Cost of sales 962,562 1,134,901 2,082,664 2,187,343
Gross profit 257,692 274,109 605,693 520,038
Operating expenses:        
Selling and general administrative 146,965 172,749 304,171 311,752
Salaries, wages and payroll taxes 150,404 186,423 346,046 359,742
Professional fees 76,776 218,148 191,665 321,343
Depreciation and amortization 72,791 66,911 144,295 134,125
Total operating expenses 446,936 644,231 986,177 1,126,962
Loss before other expenses and income taxes (189,244) (370,122) (380,484) (606,924)
Other (income) expense        
Change in fair value of derivative instruments, net 32,752 69,677
Other income (31,525) (31,525)
Gain on debt extinguishment (269,261) (134,677) (269,261) (134,677)
Interest earned (13) (764) (13) (764)
Interest expense 65,094 111,004 156,347 130,223
Foreign currency exchange rate variance 19,895 8,430 22,262 23,107
Total other (income) expense (215,810) 16,745 (122,190) 87,566
Net loss before income (loss) tax expense 26,566 (386,867) (258,294) (694,490)
Provision for income taxes 757 757
Net income (loss) 26,566 (387,624) (258,294) (695,247)
Comprehensive Income:        
Net income (loss) 26,566 (387,624) (258,294) (695,247)
Foreign currency translation adjustments 5,602 (218) (8,866) (399)
Comprehensive income (loss) $ 32,168 $ (387,842) $ (267,160) $ (695,646)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding - basic & diluted 255,329 103,292 166,217 76,885
Basic and diluted net (loss) per share $ 0.10 $ (3.75) $ (1.55) $ (9.04)

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