XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
REVENUE $ 382,386 $ 291,061
COST OF REVENUE 223,832 139,138
GROSS PROFIT (LOSS) 158,554 151,923
OPERATING EXPENSES    
Salaries and salary related costs 148,431 46,425
Professional fees 151,425 59,882
Rent expense 7,786 33,009
Depreciation and amortization expense 16,718 12,730
General and administrative expenses (including stock-based compensation) 835,724 34,758
Total Operating Expenses 1,160,084 186,804
OPERATING LOSS (1,001,530) (34,881)
OTHER INCOME (EXPENSE)    
Bargain purchase gain
Change in fair value of derivative liability (505,007)
PPP forgiveness and other income 10,073
Interest expense, net of interest income (145,633) (83,184)
Total other income (expense) (640,567) (83,184)
NET LOSS BEFORE PROVISION FOR INCOME TAXES (1,642,097) (118,065)
Provision for income taxes 48,274 809
NET LOSS (1,690,371) (118,874)
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST (1,453)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST (1,691,824) (118,874)
Other comprehensive income (loss)    
Foreign currency translations adjustment (6,139) (26,160)
Comprehensive income (loss) $ (1,697,963) $ (145,034)
Net loss per share - basic and diluted $ (0.06) $ (0.00)
Weighted average common shares outstanding - basic and diluted 29,781,450 27,297,960