Income Statement

v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Total revenue $ 1,158,115 $ 1,268,988
Cost of goods sold 281,270 303,720
Gross profit 876,845 965,268
Operating expenses:    
Compensation and benefits 1,281,750 1,302,391
Research and development (includes $420,000 and $343,300 to related party, respectively) 452,443 351,670
Impairment of operating lease right of use asset 255,093
Selling, general, and administrative 4,273,394 4,799,030
Total operating expenses 6,262,680 6,453,091
Loss from operations (5,385,835) (5,487,823)
Other income (expense):    
Interest expense (512,907) (226,202)
Discount amortization (755,538)
Extinguishment of derivative liabilities 145,565
Change in fair value of derivative liabilities 101,226 19,491
Private placement costs (381,084) (238,395)
Loss on extinguishment of debt (1,230,290)
Other income and expense, net (2,778,593) (299,541)
Net loss $ (8,164,428) $ (5,787,364)
Net loss per share, basic and diluted $ (0.14) $ (0.14)
Weighted average common shares outstanding - basic and diluted 59,908,938 42,808,603
Sale of Products, Net [Member]    
Total revenue $ 1,124,721 $ 1,237,200
License Revenue [Member]    
Total revenue $ 33,394 $ 31,788

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