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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
NET REVENUE        
Sales $ 75,256 $ 40,479 $ 167,102 $ 86,933
COST OF SALES 13,172 7,085 29,974 21,852
GROSS PROFIT 62,084 33,394 137,128 65,081
OPERATING EXPENSES        
General and administrative [1] 461,211 418,195 1,031,793 650,877
Legal and accounting 53,174 68,335 89,725 130,699
Payroll expenses [1] 209,530 101,786 303,525 206,575
Research and development 402 2,608 402 6,251
Sales and marketing [1] 79,439 109,158 122,349 252,301
Total Operating expenses 803,756 700,082 1,547,794 1,246,703
LOSS BEFORE OTHER INCOME (EXPENSE) (741,672) (666,688) (1,410,666) (1,181,622)
OTHER (EXPENSE) INCOME        
Interest (expenses) income, net (1,911,385) 1,032 (2,054,050) 2,660
Loss on Extinguishment of debt (280,504)
TOTAL OTHER (EXPENSE) INCOME (1,911,385) 1,032 (2,334,554) 2,660
NET LOSS $ (2,653,057) $ (665,656) $ (3,745,220) $ (1,178,962)
LOSS PER SHARE        
BASIC (in dollars per share) $ (1.04) $ (0.34) $ (1.56) $ (0.61)
DILUTED (in dollars per share) $ (1.04) $ (0.34) $ (1.56) $ (0.61)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING        
BASIC (in shares) 2,549,844 1,950,416 2,394,948 1,928,687
DILUTED (in shares) 2,549,844 1,950,416 2,394,948 1,928,687
[1] Includes share based compensation of $365,295 and $687,924 for the three and six months ended June 30, 2020, respectively, and $259,923 and $349,008 for the three and six months ended June 30, 2019, respectively.