Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total revenue $ 420,337 $ 39,780 $ 663,075 $ 108,332
Cost of Revenue 281,952 9,761 404,080 27,685
Gross profit 138,385 30,019 258,995 80,647
Operating Expenses:        
Selling 80,457 0 89,666 0
Compensation - officers 30,000 30,000 61,675 60,000
Research and development 64,716 56,771 126,720 107,789
Professional fees 216,865 513,736 572,139 563,897
General and administrative 238,714 135,889 349,170 205,052
Total Operating Expenses 630,752 736,396 1,199,370 936,738
Loss from Operations (492,367) (706,377) (940,375) (856,091)
Other Income (Expense):        
Interest income (expense), net 343 (388,901) 1,068 (443,020)
Other income 1,980 0 1,980 0
Total other expense 2,323 (388,901) 3,048 (443,020)
Loss before income taxes (490,044) (1,905,278) (937,327) (1,299,111)
Tax expense 0 0 0 0
Net Loss $ (490,044) $ (1,095,278) $ (937,327) $ (1,299,111)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 40,959,741 34,641,405 40,938,725 34,417,219
Net Loss Per Common Share:        
Basic and Diluted $ (0.01) $ (0.03) $ (0.02) $ (0.04)
Revenue [Member]        
Total revenue $ 420,337 $ 36,580 $ 660,075 $ 97,757
Revenue Related Party [Member]        
Total revenue $ 0 $ 3,200 $ 3,000 $ 10,575