v3.21.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
REVENUES $ 700,237 $ 248,526 $ 1,302,525 $ 637,944
COST OF REVENUE 164,766 97,785 409,493 400,172
GROSS PROFIT 535,471 150,741 893,032 237,772
OPERATING EXPENSES:        
Salaries & Benefits 1,222,760 657,889 3,055,279 1,915,381
Stock-Based Compensation 659,512 58,219 893,431 483,208
Operating R&D Costs 131,772 79,673 608,812 245,008
Investor, Public Relations & Marketing 119,622 66,794 342,725 353,802
Organization Costs 342,112 173,041 578,256 328,716
Legal & Professional Service Fees 261,075 133,273 681,941 530,660
Office Expenses 172,238 84,357 472,335 310,947
Depreciation & Amortization 27,689 50,167 76,502 86,150
Other Operating Expenses 90,108 59,100 267,663 194,836
Total Operating Expenses 3,026,888 1,362,513 6,976,944 4,448,708
LOSS FROM OPERATIONS (2,491,417) (1,211,772) (6,083,912) (4,210,936)
OTHER INCOME (EXPENSE)        
Interest Income 2,981 77 10,053 959
State Incentives 151,657
Exchange Rate Gain (Loss) (490) (252) (333) (1,674)
Interest Expense (2,052) (6,066) (5,434) (12,741)
Loss on Dissolution of Joint Venture (201)
Other Income 1,092,441 361,700
Total Other Income (Expense) 439 (6,241) 1,096,727 499,700
LOSS BEFORE PROVISION FOR INCOME TAXES (2,490,978) (1,218,013) (4,987,185) (3,711,236)
Provision for income Taxes
Net Loss (2,490,978) (1,218,013) (4,987,185) (3,711,236)
Preferred Dividends (14,220) (737,344) (89,347) (1,744,471)
Net Loss Applicable to Common Stockholders $ (2,505,198) $ (1,955,357) $ (5,076,532) $ (5,455,707)
Net Loss per Common Share – Basic and Diluted $ (0.24) $ (0.42) $ (0.53) $ (1.74)
Weighted Average Number of Shares Outstanding – Basic and Diluted 10,494,560 4,675,749 9,602,666 3,137,459

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