v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,475,393 $ 1,746,525 $ 4,163,750 $ 4,453,906
Cost of sales 1,076,929 1,366,008 3,159,593 3,553,351
Gross profit 398,464 380,517 1,004,157 900,555
Operating expenses:        
Selling and general administrative 182,813 210,600 486,984 522,352
Salaries, wages and payroll taxes 196,629 176,762 542,675 536,504
Stock based compensation 130,400 130,400
Professional fees 289,296 126,565 480,961 447,908
Depreciation and amortization 73,697 69,109 217,992 203,234
Total operating expenses 872,835 583,036 1,859,012 1,709,998
Loss before other expenses and income taxes (474,371) (202,519) (854,855) (809,443)
Other (income) expense        
Change in fair value of derivative instruments, net 69,677
Other income (268) (31,793)
Gain on debt extinguishment (269,261) (134,677)
Interest earned (67) (812) (80) (1,576)
Interest expense 641,460 81,121 797,807 211,344
Foreign currency exchange rate variance (15,045) 18,131 7,217 41,238
Total other (income) expense 626,080 98,440 503,890 186,006
Net loss before income (loss) tax expense (1,100,451) (300,959) (1,358,745) (995,449)
Provision for income taxes (12) 745
Net income (loss) (1,100,451) (300,947) (1,358,745) (996,194)
Comprehensive Income:        
Net income (loss) (1,100,451) (300,947) (1,358,745) (996,194)
Foreign currency translation adjustments 5,602 (494) (19,840) (893)
Comprehensive income (loss) $ (1,094,849) $ (301,441) $ (1,378,585) $ (997,087)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding - basic & diluted 773,170 119,876 495,133 91,359
Basic and diluted net (loss) per share $ (1.42) $ (2.51) $ (2.74) $ (10.90)

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