v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,409,010 $ 1,599,642 $ 2,707,381 $ 3,267,580
Cost of sales 1,134,901 1,243,569 2,187,343 2,532,411
Gross profit 274,109 356,073 520,038 735,169
Operating expenses:        
Selling and general administrative 172,749 160,668 311,752 315,660
Salaries, wages and payroll taxes 186,423 185,231 359,742 365,951
Professional fees 218,148 51,776 321,343 160,968
Depreciation and amortization 66,911 71,440 134,125 146,713
Total operating expenses 644,231 469,115 1,126,962 989,292
Loss before other expenses and income taxes (370,122) (113,042) (606,924) (254,123)
Other (income) expense        
Change in fair value of derivative instruments, net 32,752 69,677
Gain on debt extinguishment (134,677) (134,677)
Interest earned (764) (764)
Interest expense 111,004 34 130,223 110
Foreign currency exchange rate variance 8,430 10,544 23,107 14,845
Total other expense 16,745 10,578 87,566 14,955
Net loss before income tax expense (386,867) (123,620) (694,490) (269,078)
Provision for income taxes 757 757
Net loss (387,624) (123,620) (695,247) (269,078)
Comprehensive Income:        
Net loss (387,624) (123,620) (695,247) (269,078)
Foreign currency translation adjustments (218) (12,127) (399) (7,127)
Comprehensive loss $ (387,842) $ (135,747) $ (695,646) $ (276,205)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding - basic & diluted 1,549,377 936,519 1,153,282 733,865
Basic and diluted net (loss) per share $ (0.25) $ (0.14) $ (0.60) $ (0.38)

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