v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenue $ 544,003 $ 439,288 $ 1,289,160 $ 1,111,690
Cost of Revenue 384,371 559,475 1,035,600 1,067,946
Gross Profit (Loss) 159,632 (120,187) 253,560 43,744
Operating Expenses:        
Selling expense 677 12,267 17,696 24,023
Compensation - officers 34,000 40,000 102,000 110,000
Research and development 62,039 66,289 194,232 193,009
Professional fees 243,799 397,950 1,071,369 958,337
General and administrative 294,795 322,801 974,125 675,935
Total Operating Expenses 635,310 839,307 2,359,422 1,961,304
Loss from Operations (475,678) (959,494) (2,105,862) (1,917,560)
Other Income (Expense):        
Interest income (expense), net (1,878) (248) (1,843) 820
Interest (expense) - related party 0 0 (81) 0
Other income 39,196 9,643 119,453 11,623
Total other income (expense) 37,318 9,395 117,529 12,443
Loss before income taxes (438,360) (950,099) (1,988,333) (1,905,117)
Income tax expense 0 0 0 0
Net Loss $ (438,360) $ (950,099) $ (1,988,333) $ (1,905,117)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted 40,959,741 40,959,741 40,959,741 40,945,807
Net loss per common share - Basic and Diluted $ (0.01) $ (0.02) $ (0.05) $ (0.05)
Revenue [Member]        
Total revenue $ 544,003 $ 431,988 $ 1,267,893 $ 1,101,390
Revenue Related Party [Member]        
Total revenue $ 0 $ 7,300 $ 21,267 $ 10,300

Source