Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenues $ 38,264 $ 59,568
Cost of goods sold 19,744 104,729
Gross profit (loss) 18,520 (45,161)
Operating expenses:    
General and administrative 2,294,284 3,960,791
Professional fees 915,217 3,878,006
Depreciation expense 40,321 33,610
Total operating expenses 3,249,822 7,872,407
Operating loss (3,231,302) (7,917,568)
Other income (expense):    
Sublease income 27,000
Loss on disposal of fixed assets (71,487)
Interest income 2,358
Interest expense (511,131) (47,592)
Total other expense (553,260) (47,592)
Net loss (3,784,562) (7,965,160)
Other comprehensive loss:    
Loss on foreign currency translation (11,477) (36,622)
Net other comprehensive loss (3,796,039) (8,001,782)
Series A convertible preferred stock declared ($0.60 per share) (61,684) (37,236)
Deemed dividend on common stock warrants, series A preferred stock (1,502,330)
Net loss attributable to common shareholders $ (3,857,723) $ (9,541,348)
Weighted average number of common shares outstanding - basic and fully diluted 60,600,548 48,829,160
Net loss per share - basic and fully diluted $ (0.06) $ (0.20)
Dividends declared per share of common stock $ 0.00 $ 0.00