Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total Revenue $ 1,052,198 $ 353,619
Cost of revenue 958,413 330,899
Gross Profit 93,785 22,720
Operating Expenses    
Selling expense 140,994 142,372
Compensation - officers and directors 1,082,775 1,055,133
Research and development 1,386,810 1,060,385
Professional fees 705,234 896,385
General and administrative 1,740,779 2,074,091
Total Operating Expense 5,056,592 5,228,366
Loss from Operations (4,962,807) (5,205,646)
Other Income (Expense):    
Interest income, net 38,339 3,887
Interest expense - related party (38,333) 0
Forgiveness of debt 0 158,547
Unrealized gain (loss) on marketable equity securities 8,033 (42,395)
Realized loss on marketable equity securities (2,002) (21,205)
Rental income 160,910 166,288
Other income 77,718 13,587
Total other income 244,665 278,709
Net Loss (4,718,142) (4,926,937)
Other comprehensive items    
Foreign currency translation loss (7,021) (6,539)
Total comprehensive loss (4,725,163) (4,933,476)
Revenue [Member]    
Total Revenue 986,655 303,837
Revenue Related Party [Member]    
Total Revenue $ 65,543 $ 49,782