v3.20.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
REVENUES $ 221,730 $ 64,450
COST OF REVENUE 244,703 96,555
GROSS PROFIT (22,973) (32,105)
OPERATING EXPENSES:    
Salaries & Benefits 652,197 512,560
Stock-Based Compensation 154,170 254,206
Operating R&D Costs 53,689 145,272
Investor & Public Relations 238,268 157,789
Legal & Professional Service Fees 211,509 184,570
Office Expenses 147,747 166,110
Depreciation & Amortization 18,012 48,383
Other Operating Expenses 84,049 38,209
Total Operating Expenses 1,559,642 1,507,098
LOSS FROM OPERATIONS (1,582,615) (1,539,203)
OTHER INCOME (EXPENSE)    
Interest Income 851 5,782
State Incentives 51,877
Exchange Rate Loss 1,391 (446)
Interest Expense (431) (2,122)
Total Other Income (Expense) (971) 55,091
LOSS BEFORE PROVISION FOR INCOME TAXES (1,583,585) (1,484,112)
Provision for Income Taxes
Net Loss (1,583,585) (1,484,112)
Preferred Dividends (315,247)
Net Loss Applicable to Common Stockholders $ (1,898,832) $ (1,484,112)
Net Loss per Common Share - Basic and Diluted $ (1.30) $ (1.60)
Weighted Average Number of Shares Outstanding - Basic and Diluted 1,463,627 933,476

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