Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue - related party $ 14,184 $ 22,200
Total revenue 1,460,370 308,129
Cost of Revenue 1,342,139 137,897
Gross profit 118,231 170,232
Operating Expenses:    
Selling expense 46,624 0
Compensation - officers 150,154 140,000
Research and development 255,232 221,510
Professional fees 1,376,995 940,846
General and administrative 1,113,201 451,597
Goodwill impairment 458,490 0
Intangible assets impairment 47,975 0
Total Operating Expenses 3,448,671 1,753,953
Loss from Operations (3,330,440) (1,583,721)
Other Income (Expense):    
Interest income (expense), net 2,257 (440,943)
Interest expense - related party (1,750) 0
Other income 154,390 0
Total other income (expense) 154,897 (440,943)
Loss before income taxes (3,175,543) (2,024,664)
Income tax expense 0 0
Net Loss $ (3,175,543) $ (2,024,664)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 40,949,482 37,778,614
Net loss per common share - Basic and Diluted $ (0.08) $ (0.05)
Revenue [Member]    
Total revenue $ 1,446,186 $ 285,929