Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,599,864 $ 1,599,864
Cost of sales 1,587,222 1,587,222
Gross profit 12,642 12,642
Operating expenses 2,686,549 1,574,522 4,642,594 3,622,811
Loss from Operations (2,686,549) (1,561,880) (4,642,594) (3,610,169)
Net Non-Operating Income (Loss) 565,354 (123,556) 158,157 (455,026)
Loss before Income Taxes (2,121,195) (1,685,436) (4,484,437) (4,065,195)
Income Tax Expense 11 3,263 3,235
Net Loss (2,121,206) (1,685,436) (4,487,700) (4,068,430)
Other Comprehensive Income (Loss)        
Change in foreign currency translation adjustments (571,592) 121,698 (227,817) 465,294
Total Comprehensive Loss $ (2,692,798) $ (1,563,738) $ (4,715,517) $ (3,603,136)
Net Loss Per Common Share:        
Basic $ (0.2223) $ (0.1821) $ (0.4704) $ (0.4398)
Diluted $ (0.2223) $ (0.1821) $ (0.4704) $ (0.4398)
Weighted Average Shares Outstanding - Basic 9,540,891 9,253,953 9,540,891 9,250,631
Weighted Average Shares Outstanding - Diluted 9,540,891 9,253,953 9,540,891 9,250,631