Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.22.2.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
REVENUE $ 38,464 $ 7,732 $ 198,052 $ 9,207
COST OF GOODS SOLD 37,968 3,122 144,643 3,697
GROSS PROFIT 496 4,610 53,409 5,510
SELLING, GENERAL AND ADMINISTRATIVE        
Research and development 83,004 27,979 167,721 83,144
Professional fees 256,408 208,979 444,174 325,886
Sales and marketing expenses 213,781 281,271 405,252 325,044
Share based compensation 280,510 578,811
General and administrative expenses 1,359,103 551,691 2,544,559 1,044,303
TOTAL SELLING, GENERAL AND ADMINISTRATIVE 2,192,806 1,069,920 4,140,517 1,778,377
LOSS FROM OPERATIONS (2,192,310) (1,065,310) (4,087,108) (1,772,867)
OTHER INCOME (EXPENSE):        
Interest expense (1,614,335) (55,432) (1,886,254) (114,217)
Other income 1 6,905
Gain on forgiveness of paycheck protection loan 112,338
Change in fair market value of derivative liabilities 1,090,759 1,090,759
Gain/loss on settlement of derivatives 201,097 201,097
Foreign currency transaction loss 1,119 994
TOTAL OTHER EXPENSE (321,359) (55,432) (586,499) (1,879)
LOSS BEFORE INCOME TAXES (2,513,669) (1,120,742) (4,673,607) (1,774,746)
PROVISION FOR INCOME TAXES
NET LOSS (2,513,669) (1,120,742) (4,673,607) (1,774,746)
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustment (1,773) (1,322)
TOTAL COMPREHENSIVE LOSS $ (2,515,442) $ (1,120,742) $ (4,674,929) $ (1,774,746)
NET LOSS PER COMMON SHARE        
Net loss per common share, basic (in Dollars per share) $ (0.04) $ (0.04) $ (0.08) $ (0.06)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Weighted average number of common shares outstanding, basic (in Shares) 61,105,989 29,520,454 55,800,957 29,520,454