XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Other Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statements of Operations and Other Comprehensive Income (Loss)    
Revenue $ 13,430,991 $ 14,355,341
Cost of goods sold 13,362,614 14,281,300
Gross Profit 68,377 74,041
Operating Expenses    
General and administrative 462,155 2,193,542
Professional fees 337,215 893,320
Total Operating Expenses 799,370 3,086,862
Income (Loss) from Operations (730,993) (3,012,821)
Other Income (Expense)    
Impairment loss on goodwill 0 (1,219,807)
Loss on deconsolidation 0 (1,188,024)
Interest expense (1,110,728) (797,821)
Change in fair value of derivative liabilities 12,207,480 (19,562,318)
Total Other Income (Expense) 11,096,752 (22,767,970)
Income (Loss) Before Income Taxes 10,365,759 (25,780,791)
Provision for income taxes (14,895) (20,541)
Net Income (Loss) 10,350,864 (25,801,332)
Dividend on Series A Preferred Stock 0 (1,999,373)
Net income (loss) attributable to common stockholders 10,350,864 (27,800,705)
Other Comprehensive Income (Loss)    
Foreign currency translation adjustments 186,164 408,825
Total Comprehensive Income (Loss) $ 10,537,028 $ (27,391,880)
Basic Income (Loss) per Common Share $ 0.07 $ (0.30)
Diluted Loss per Common Share $ (0.00) $ (0.30)
Basic Weighted Average Common Shares Outstanding 139,754,668 94,019,998
Diluted Weighted Average Common Shares Outstanding 636,042,148 94,019,998