v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,746,525 $ 1,386,927 $ 4,453,906 $ 4,654,507
Cost of sales 1,366,008 1,140,717 3,553,351 3,673,128
Gross profit 380,517 246,210 900,555 981,379
Operating expenses:        
Selling and general administrative 210,600 162,038 522,352 477,698
Salaries, wages and payroll taxes 176,762 200,675 536,504 566,626
Stock based compensation 47,422 47,422
Professional fees 126,565 44,309 447,908 205,277
Depreciation and amortization 69,109 74,943 203,234 221,656
Total operating expenses 583,036 529,387 1,709,998 1,518,679
Loss before other expenses and income taxes (202,519) (283,177) (809,443) (537,300)
Other (income) expense        
Change in fair value of derivative instruments, net 69,677
Gain on debt extinguishment (134,677)
Interest earned (812) (1,576)
Interest expense 81,121 211,344 110
Foreign currency exchange rate variance 18,131 32,313 41,238 47,158
Total other expense 98,440 32,313 186,006 47,268
Net loss before income tax expense (300,959) (315,490) (995,449) (584,568)
Provision for income taxes (12) 8,897 745 8,897
Net loss (300,947) (324,387) (996,194) (593,465)
Comprehensive Income:        
Net loss (300,947) (324,387) (996,194) (593,465)
Foreign currency translation adjustments (494) (13,551) (893) (5,624)
Comprehensive loss $ (301,441) $ (337,938) $ (997,087) $ (599,089)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding - basic & diluted 119,876 62,435 91,359 48,924
Basic and diluted net (loss) per share $ (2.51) $ (5.20) $ (10.90) $ (12.13)

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