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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
NET REVENUE        
Sales $ 100,697 $ 56,225 $ 267,799 $ 143,158
COST OF SALES 18,621 8,471 48,595 30,323
GROSS PROFIT 82,076 47,754 219,204 112,835
OPERATING EXPENSES        
General and administrative [1] 572,044 350,851 1,603,837 1,001,728
Legal and accounting 85,793 41,977 175,518 172,676
Payroll expenses [1] 108,037 167,807 411,562 374,382
Research and development 6,804 804 7,206 7,055
Sales and marketing [1] 292,470 148,416 414,819 400,717
Total Operating expenses 1,065,148 709,855 2,612,942 1,956,558
LOSS BEFORE OTHER EXPENSE, NET (983,072) (662,101) (2,393,738) (1,843,723)
OTHER (EXPENSE) INCOME        
Interest income (expenses), net 243 (8,338) (2,053,807) (5,678)
Change in fair value of embedded derivative (36,109) (36,109)
Loss on Extinguishment of debt (280,504)
TOTAL OTHER (EXPENSE) INCOME, NET 243 (44,447) (2,334,311) (41,787)
NET LOSS $ (982,829) $ (706,548) $ (4,728,049) $ (1,885,510)
LOSS PER SHARE        
BASIC (in dollars per share) $ (0.18) $ (0.36) $ (1.38) $ (0.96)
DILUTED (in dollars per share) $ (0.18) $ (0.36) $ (1.38) $ (0.96)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING        
BASIC (in shares) 5,488,111 1,962,755 3,436,805 1,964,183
DILUTED (in shares) 5,488,111 1,962,755 3,436,805 1,964,183
[1] Includes share based compensation of $311,523 and $999,477 for the three and nine months ended September 30, 2020, respectively, and $322,641 and $671,649 for the three and nine months ended September 30, 2019, respectively.