Income Statement

v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total revenue $ 66,787 $ 326,623
Cost of goods sold 24,871 34,984
Gross profit 41,916 291,639
Operating expenses:    
Employee compensation and contractors 6,394 129,422
Selling, general, and administrative (includes royalty of $105,000 and $105,000 to related party for the three months ended March 31, 2022 and 2021, respectively) 747,797 3,016,277
Research and development 105,000 130,825
Total operating expenses 859,189 3,276,524
Loss from operations (817,273) (2,984,885)
Other income (expense):    
Interest expense (44,551) (67,817)
Discount amortization (87,330) (31,945)
Other income and expense, net (131,881) (99,762)
Net loss (949,154) (3,084,647)
Net loss attributable to noncontrolling interest 73,042 136,161
Net loss $ (876,112) $ (2,948,486)
Net loss per share, basic and diluted $ (0.003) $ (0.05)
Weighted average common shares outstanding – basic and diluted 325,626,146 63,300,000
Product [Member]    
Total revenue $ 63,233 $ 318,807
License [Member]    
Total revenue $ 3,554 $ 7,816

Source