v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 2,250,278 $ 1,475,393 $ 5,667,966 $ 4,163,750
Cost of sales 1,757,142 1,076,929 4,195,823 3,159,593
Gross profit 493,136 398,464 1,472,143 1,004,157
Operating expenses:        
Selling and general administrative 519,196 182,813 962,892 486,984
Salaries, wages and payroll taxes 490,555 196,629 1,178,267 542,675
Stock based compensation 1,321,564 130,400 1,321,564 130,400
Professional fees 320,211 289,296 869,127 480,961
Depreciation and amortization 78,456 73,697 225,404 217,992
Total operating expenses 2,729,982 872,835 4,557,254 1,859,012
Loss before other expenses and income taxes (2,236,846) (474,371) (3,085,111) (854,855)
Other (income) expense        
Other income (268) (31,793)
Gain on debt extinguishment (20,832) (269,261)
Interest earned (3,146) (67) (3,146) (80)
Interest expense 2,385 641,460 1,463,986 797,807
Foreign currency exchange rate variance 69,464 (15,045) 41,966 7,217
Total other (income) expense 68,703 626,080 1,481,974 503,890
Net (loss) income before tax expense (2,305,549) (1,100,451) (4,567,085) (1,358,745)
Provision for income taxes
Net (loss) income (2,305,549) (1,100,451) (4,567,085) (1,358,745)
Comprehensive income (loss):        
Net (loss) income (2,305,549) (1,100,451) (4,567,085) (1,358,745)
Foreign currency translation adjustments 55,584 5,602 42,850 (19,840)
Comprehensive income (loss) $ (2,249,965) $ (1,094,849) $ (4,524,235) $ (1,378,585)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding – basic & diluted 6,290,306 154,634 3,271,405 99,027
Basic and diluted net (loss) income per share $ (0.37) $ (7.12) $ (1.40) $ (13.72)

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