XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]    
Sales $ 444,421 $ 740,412
Cost of goods sold 209,568 300,958
Gross margin 234,853 439,454
Operating expenses:    
Depreciation and amortization 39,753 39,694
Executive compensation 16,953 26,717
Stock based compensation 0 468,500
Payroll and other expenses 174,225 242,409
Rent 99,843 100,367
Consulting and professional fees 149,007 47,527
General and administrative 111,808 129,321
Total operating expenses 591,589 1,054,535
Income (loss) from operations (356,736) (615,081)
Other income (expense)    
Interest income (expense), net (114,286) (48,336)
Total other income (expense) (114,286) (48,336)
Income (loss) before income taxes (471,022) (663,417)
Provision for income taxes (benefit) 0 0
Net loss (471,022) (663,417)
Less: net gain (loss) attributable to non-controlling interests (25,574) (12,486)
Net loss attributable to Kisses From Italy, Inc. $ (445,448) $ (650,932)
Basic and diluted earnings (loss) per common share $ (0.01) $ (0.01)
Weighted-average number of common shares outstanding: Basic and diluted 81,780,170 76,036,654