XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenue $ 2,018,363 $ 2,573,431 $ 7,513,660 $ 3,576,342
Cost of Goods Sold 859,661 1,130,750 3,473,293 2,019,020
Gross Profit 1,158,702 1,442,681 4,040,367 1,557,322
Operating Expenses        
Research and development [1] 561,942 118,635 1,263,427 179,599
Sales and marketing [1] 898 387 30,523 4,202
General and administrative [1] 4,471,121 4,634,711 13,151,442 9,027,646
Depreciation and amortization 2,908,572 2,440,581 8,653,635 4,918,800
Total Operating Expenses 7,942,533 7,194,314 23,099,027 14,130,247
Net Operating Loss (6,783,831) (5,751,633) (19,058,660) (12,572,925)
Other Income (Expense)        
Interest expense (3,349,964) (1,598,732) (5,707,840) (1,961,334)
Other income (expense) (128,754) 95,266 (128,778) 95,266
Loss on extinguishment of debt (21,882) (21,882)
Foreign currency transaction gain/(loss) (46,587) (133,893) (6,799) 108,333
Loss on investment (24) (24)
Interest income 213 7 1,268 7
Gain on the sale of assets 128,749 663 325,838
Total Other Expenses (3,546,998) (1,508,603) (5,863,392) (1,431,890)
Net Loss Before Income Taxes (10,330,829) (7,260,236) (24,922,052) (14,004,815)
Deferred Tax Benefit 1,815,059 3,501,204
Net Loss $ (10,330,829) $ (5,445,177) $ (24,922,052) $ (10,503,611)
Loss per common share:        
Basic $ (0.08) $ (0.12) $ (0.19) $ (0.27)
Diluted $ (0.08) $ (0.12) $ (0.19) $ (0.27)
Weighted-average shares outstanding:        
Basic 132,649,621 43,953,888 132,466,532 39,103,721
Diluted 132,649,621 43,953,888 132,466,532 39,103,721
[1] These are exclusive of depreciation and amortization