v3.23.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
REVENUES $ 97,043 $ 236,660 $ 227,202 $ 288,504
COST OF REVENUE 36,491 193,075 100,155 233,166
GROSS PROFIT 60,552 43,585 127,047 55,338
OPERATING EXPENSES:        
Salaries & Benefits 554,182 1,184,818 1,485,764 2,476,828
Stock-Based Compensation 138,489 167,439 363,339 338,415
Operations and R&D Costs 105,259 146,885 231,971 290,303
Investor, Public Relations and Marketing 57,824 152,300 112,768 246,626
Organization Costs 38,240 60,817 89,438 119,566
Legal & Professional Service Fees 152,025 144,528 336,276 355,944
Office Expenses 94,190 303,600 248,689 509,032
Depreciation & Amortization 21,470 29,861 49,597 61,445
Other Operating Expenses 202,892 89,177 294,873 176,964
Total Operating Expenses 1,364,571 2,279,425 3,212,715 4,575,123
LOSS FROM OPERATIONS (1,304,019) (2,235,840) (3,085,668) (4,519,785)
OTHER INCOME (EXPENSE)        
Interest Income 9 1,176 17 2,747
State Incentives 76,628
Exchange Rate Gain (Loss) (849) (10,436) (3,352) (10,766)
Interest Expense (3,235) (2,070) (6,471) (3,389)
Other Income 35,680
Total Other Income (Expense) (4,075) (11,330) 25,874 65,220
LOSS BEFORE PROVISION FOR INCOME TAXES (1,308,094) (2,247,170) (3,059,794) (4,454,565)
Provision for income Taxes
Net Loss (1,308,094) (2,247,170) (3,059,794) (4,454,565)
Preferred Dividends (10,688) (14,220) (22,435) (28,440)
Net Loss Applicable to Common Stockholders $ (1,318,782) $ (2,261,390) $ (3,082,229) $ (4,483,005)
Net Loss per Common Share – Basic $ (0.12) $ (0.22) $ (0.29) $ (0.43)
Net Loss per Common Share - Diluted $ (0.12) $ (0.22) $ (0.29) $ (0.43)
Weighted Average Number of Shares Outstanding – Basic 10,772,713 10,498,802 10,731,922 10,498,802
Weighted Average Number of Shares Outstanding - Diluted 10,772,713 10,498,802 10,731,922 10,498,802

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