v3.21.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
REVENUES $ 458,140 $ 221,730
COST OF REVENUE 128,331 244,703
GROSS PROFIT 329,809 (22,973)
OPERATING EXPENSES:    
Salaries & Benefits 847,171 652,197
Stock-Based Compensation 117,477 154,171
Operating R&D Costs 196,340 53,689
Investor & Public Relations 108,341 215,441
Organization Costs 77,616 49,444
Legal & Professional Service Fees 176,847 184,891
Office Expenses 148,225 147,747
Depreciation & Amortization 23,031 18,012
Other Operating Expenses 86,356 84,049
Total Operating Expenses 1,781,404 1,559,641
LOSS FROM OPERATIONS (1,451,595) (1,582,614)
OTHER INCOME (EXPENSE)    
Interest Income 55 851
Gain on Derivative Liability 802,285
Exchange Rate Loss (51) (1,391)
Interest Expense (1,353) (431)
Total Other Income (Expense) 800,936 (971)
LOSS BEFORE PROVISION FOR INCOME TAXES (650,659) (1,583,585)
Provision for Income Taxes
Net Loss (650,659) (1,583,585)
Preferred Dividends (60,908) (315,247)
Net Loss Applicable to Common Stockholders $ (711,567) $ (1,898,832)
Net Loss per Common Share - Basic and Diluted $ (0.09) $ (1.30)
Weighted Average Number of Shares Outstanding - Basic and Diluted 7,790,121 1,463,627

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