Income Statement

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenue $ 116,869 $ 318,153 $ 443,492 $ 674,957
Cost of goods sold 44,645 70,093 79,629 98,458
Gross profit 72,224 248,060 363,863 576,499
Operating expenses:        
Research and development 112,675 166,662 243,500 244,537
Selling, general, and administrative (includes $210,000 royalty and $409,970 administrative to related party for the six months ended June 30, 2021, and $180,000 royalty to related party for the six months ended June 30, 2021) 2,540,180 2,146,569 5,685,879 3,440,880
Total operating expenses 2,652,855 2,313,231 5,929,379 3,685,417
Loss from operations (2,580,631) (2,065,171) (5,565,516) (3,108,918)
Other income (expense):        
Interest expense (23,709) (217,486) (91,526) (406,123)
Debt discount amortization (36,750) (68,695)
Private placement costs (17,000) (279,000)
Change in fair value derivative 148,000 283,139
Gain on extinguishment of debt 286,000 286,000
Other income and expense, net (60,459) 199,514 (160,221) (115,984)
Net loss (2,641,090) (1,865,657) (5,725,737) (3,224,902)
Net loss attributable to noncontrolling interest 412,841 549,022
Net loss attributable to Quanta, Inc. $ (2,228,249) $ (1,865,657) $ (5,176,715) $ (3,224,903)
Net loss per share, basic and diluted $ (0.01) $ (0.0303) $ (0.05) $ (0.06)
Weighted average common shares outstanding–basic and diluted 149,170,837 5,842,875,252 106,363,740 57,512,526
Product [Member]        
Total revenue $ 109,053 $ 306,785 $ 229,060 $ 657,134
Sales Related Party [Member]        
Total revenue 198,800
License and Maintenance [Member]        
Total revenue $ 7,816 $ 11,368 $ 15,632 $ 17,823

Source