v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,630,826 $ 2,250,278 $ 9,080,083 $ 5,667,966
Cost of sales 1,952,072 1,757,142 7,032,847 4,195,823
Gross profit 678,754 493,136 2,047,236 1,472,143
Operating expenses:        
Selling, general and administrative 1,699,711 1,840,760 3,434,916 2,284,456
Salaries, wages and payroll taxes 651,219 490,555 1,957,592 1,178,267
Professional fees 356,306 320,211 839,509 869,127
Depreciation and amortization 136,457 78,456 348,022 225,404
Total operating expenses 2,843,693 2,729,982 6,580,039 4,557,254
Loss before other expenses and income taxes (2,164,939) (2,236,846) (4,532,803) (3,085,111)
Other (income) expense        
Gain on debt extinguishment (20,832)
Interest earned (3,849) (3,146) (13,421) (3,146)
Interest expense 8,725 2,385 15,649 1,463,986
Foreign currency exchange rate variance 89,025 69,464 229,753 41,966
Total other (income) expense 93,901 68,703 231,981 1,481,974
Net loss before income tax expense (2,258,840) (2,305,549) (4,764,784) (4,567,085)
Provision for income taxes
Net loss before equity net loss of affiliate (2,258,840) (2,305,549) (4,764,784) (4,567,085)
Equity in net losses of affiliate (3,454,436) (3,454,436)
Net loss (5,713,276) (2,305,549) (8,219,220) (4,567,085)
Comprehensive (Loss) Income:        
Net loss (5,713,276) (2,305,549) (8,219,220) (4,567,085)
Foreign currency translation adjustments (67,635) 55,584 (87,753) 42,850
Comprehensive loss $ (5,780,911) $ (2,249,965) $ (8,306,973) $ (4,524,235)
NET LOSS INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS        
Weighted number of common shares outstanding – basic & diluted 9,469,509 6,290,306 9,310,936 3,271,405
Basic and diluted net loss per share $ (0.60) $ (0.37) $ (0.88) $ (1.40)

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