General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]            
Net sales $ 1,475,393 $ 1,746,525 $ 4,163,750 $ 4,453,906 $ 5,869,558 $ 5,726,572
Cost of sales 1,076,929 1,366,008 3,159,593 3,553,351 4,646,180 4,691,748
Gross profit 398,464 380,517 1,004,157 900,555 1,223,378 1,034,824
Operating expenses:            
Selling and general administrative 182,813 210,600 486,984 522,352 761,237 664,819
Salaries, wages and payroll taxes 196,629 176,762 542,675 536,504 732,498 741,584
Stock based compensation 130,400 130,400 219,518
Professional fees 289,296 126,565 480,961 447,908 565,643 249,675
Depreciation and amortization 73,697 69,109 217,992 203,234 275,328 288,864
Total operating expenses 872,835 583,036 1,859,012 1,709,998 2,334,706 2,164,460
Loss before other expenses and income taxes (474,371) (202,519) (854,855) (809,443) (1,111,328) (1,129,636)
Other (income) expense            
Change in fair value of derivative instruments, net 69,677 69,677
Other income (268) (31,793)    
Gain on debt extinguishment (269,261) (134,677) (134,677)
Interest earned (67) (812) (80) (1,576) (1,616)
Interest expense 641,460 81,121 797,807 211,344 293,495 110
Foreign currency exchange rate variance (15,045) 18,131 7,217 41,238 40,802 56,426
Total other (income) expense 626,080 98,440 503,890 186,006 267,681 56,536
Net loss before income (loss) tax expense (1,100,451) (300,959) (1,358,745) (995,449) (1,379,009) (1,186,172)
Provision for income taxes (12) 745 747 8,534
Net income (loss) (1,100,451) (300,947) (1,358,745) (996,194) (1,379,756) (1,194,706)
Comprehensive Income:            
Net income (loss) (1,100,451) (300,947) (1,358,745) (996,194) (1,379,756) (1,194,706)
Foreign currency translation adjustments 5,602 (494) (19,840) (893) 4,020 (5,773)
Comprehensive income (loss) $ (1,094,849) $ (301,441) $ (1,378,585) $ (997,087) $ (1,375,736) $ (1,200,479)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS            
Weighted number of common shares outstanding - basic & diluted 773,170 119,876 495,133 91,359 106,175 62,435
Basic and diluted net (loss) per share $ (1.42) $ (2.51) $ (2.74) $ (10.90) $ (13.00) $ (19.14)