XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
REVENUE $ 789,699 $ 217,858 $ 2,109,087 $ 739,177
COST OF REVENUE 652,542 131,037 1,664,570 399,720
GROSS PROFIT 137,157 86,821 444,517 339,457
OPERATING EXPENSES        
Salaries and salary related costs 183,349 85,484 492,362 180,123
Professional fees 298,134 23,682 585,422 138,817
Rent expense 8,010 31,256 23,521 95,151
Depreciation and amortization expense 17,471 11,478 54,490 36,284
General and administrative expenses 1,365,067 27,954 2,893,036 89,373
Total Operating Expenses 1,872,031 179,854 4,048,831 539,748
OPERATING LOSS (1,734,874) (93,033) (3,604,314) (200,291)
OTHER INCOME (EXPENSE)        
Change in fair value of derivative liability 345,911 (850,221)
Derivative expense (124,966) (124,966)
Gain on sale of assets 146 146
PPP forgiveness and other income 10,073 10,000
Interest expense, net of interest income (264,542) (81,992) (627,720) (247,162)
Total other income (expense) (43,451) (81,992) (1,592,688) (237,162)
NET LOSS BEFORE PROVISION FOR INCOME TAXES (1,778,325) (175,025) (5,197,002) (437,453)
Provision for income taxes 4,415 803 86,411 1,609
NET LOSS (1,782,740) (175,828) (5,283,413) (439,062)
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST 1,407 3,970
NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST (1,781,333) (175,828) (5,279,443) (439,062)
Other comprehensive loss        
Foreign currency translations adjustment 30,406 1,648 3,458 (35,959)
Comprehensive loss $ (1,751,807) $ (174,180) $ (5,276,865) $ (475,021)
Net loss per share $ (0.06) $ (0.01) $ (0.17) $ (0.02)
Weighted average common shares outstanding - basic and diluted 31,435,375 27,297,960 30,801,213 27,297,960