v3.22.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
REVENUES $ 51,844 $ 458,140
COST OF REVENUE 40,091 128,331
GROSS PROFIT 11,753 329,809
OPERATING EXPENSES:    
Salaries & Benefits 1,292,010 847,171
Stock-Based Compensation 170,976 117,477
Operations and R&D Costs 143,418 196,340
Investor & Public Relations 94,326 108,341
Organization Costs 58,749 77,616
Legal & Professional Service Fees 211,416 176,847
Office Expenses 205,432 148,225
Depreciation & Amortization 31,584 23,031
Other Operating Expenses 87,787 86,356
Total Operating Expenses 2,295,698 1,781,404
LOSS FROM OPERATIONS (2,283,945) (1,451,595)
OTHER INCOME (EXPENSE)    
Interest Income 1,571 55
Gain on Derivative Liability 802,285
State Incentives 76,628
Exchange Rate Loss (330) (51)
Interest Expense (1,319) (1,353)
Total Other Income (Expense) 76,550 800,936
LOSS BEFORE PROVISION FOR INCOME TAXES (2,207,395) (650,659)
Provision for Income Taxes
Net Loss (2,207,395) (650,659)
Preferred Dividends (14,220) (60,908)
Net Loss Applicable to Common Stockholders $ (2,221,615) $ (711,567)
Net Loss per Common Share - Basic and Diluted $ (0.21) $ (0.09)
Weighted Average Number of Shares Outstanding - Basic and Diluted 10,498,802 7,790,121

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