v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
REVENUES $ 248,526 $ 171,003 $ 637,944 $ 269,035
COST OF REVENUE 97,785 178,760 400,172 335,939
GROSS PROFIT (LOSS) 150,741 (7,757) 237,772 (66,904)
OPERATING EXPENSES:        
Salaries & Benefits 657,889 644,800 1,915,381 1,738,716
Stock-Based Compensation 58,219 79,202 483,208 403,768
Operating R&D Costs 79,673 212,230 245,008 476,346
Investor & Public Relations 272,964 269,130 682,518 734,237
Legal & Professional Service Fees 100,144 116,221 530,660 519,710
Office Expenses 84,357 186,430 310,947 536,608
Depreciation & Amortization 50,167 52,636 86,150 150,222
Other Operating Expenses 59,100 40,265 194,836 117,470
Total Operating Expenses 1,362,513 1,600,914 4,448,708 4,677,077
LOSS FROM OPERATIONS (1,211,772) (1,608,671) (4,210,936) (4,743,981)
OTHER INCOME (EXPENSE)        
Interest Income 77 4,812 959 17,610
State Incentives 151,657 51,877
Exchange Rate Gain (Loss) (252) (549) (1,674) (3,259)
Interest Expense (6,066) (2,149) (12,741) (6,407)
Loss on Dissolution of Joint Venture (201)
Other Income 5,763 361,700 5,763
Total Other Income (Expense) (6,241) 7,877 499,700 65,584
LOSS BEFORE PROVISION FOR INCOME TAXES (1,218,013) (1,600,794) (3,711,236) (4,678,397)
Provision for income Taxes
Net Loss (1,218,013) (1,600,794) (3,711,236) (4,678,397)
Preferred Dividends (737,344) (1,744,471)
Net Loss Applicable to Common Stockholders $ (1,955,357) $ (1,600,794) $ (5,455,707) $ (4,678,397)
Net Loss per Common Share - Basic and Diluted $ (0.42) $ (1.20) $ (1.74) $ (4.30)
Weighted Average Number of Shares Outstanding - Basic and Diluted 4,675,749 1,285,160 3,137,459 1,099,627

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