Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Total revenue $ 1,678,967 $ 1,460,370
Cost of Revenue 1,395,187 1,342,139
Gross profit 283,780 118,231
Operating Expenses:    
Selling expense 22,590 46,624
Compensation - officers 142,100 150,154
Research and development 256,636 255,232
Professional fees 1,297,160 1,376,995
General and administrative 1,269,207 1,113,201
Goodwill impairment 0 458,490
Intangible assets impairment 0 47,975
Total Operating Expenses 2,987,693 3,448,671
Loss from Operations (2,703,913) (3,330,440)
Other Income (Expense):    
Interest income (expense), net (4,072) 2,257
Interest expense - related party (81) (1,750)
Other income 170,953 154,390
Total other income (expense) 166,800 154,897
Loss before income taxes (2,537,113) (3,175,543)
Income tax expense 0 0
Net Loss $ (2,537,113) $ (3,175,543)
Weight Average Number of Common Shares Outstanding - Basic and Diluted 40,959,741 40,945,807
Net Loss per common share: Basic and Diluted $ (0.06) $ (0.08)
Revenue [Member]    
Total revenue $ 1,652,518 $ 1,446,186
Revenue - related Party [Member]    
Total revenue $ 26,449 $ 14,184