Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net Sales $ 72,000 $ 72,000
Cost of Sales 43,878 43,878
Gross Profit 28,122 28,122
Operating Expenses 1,996,515 2,686,549 5,167,514 4,642,594
Loss from Operations (1,968,393) (2,686,549) (5,139,392) (4,642,594)
Non-Operating Income (Loss)        
Foreign currency exchange gain 512,418 536,461 141,914 215,760
Unrealized investment income (loss) (18,742) 20,514 (643,480) (60,170)
Other income (loss), net (61,210) 8,379 (119,800) 2,567
Net Non-Operating Income (Loss) 432,466 565,354 (621,366) 158,157
Loss before Income Taxes (1,535,927) (2,121,195) (5,760,758) (4,484,437)
Income Tax Expense (26) 11 3,269 3,263
Net Loss (1,535,901) (2,121,206) (5,764,027) (4,487,700)
Change in foreign currency translation adjustments (524,181) (571,592) (130,414) (227,817)
Total Comprehensive Loss $ (2,060,082) $ (2,692,798) $ (5,894,441) $ (4,715,517)
Net Loss Per Common Share:        
Basic (in Dollars per share) $ (0.1594) $ (0.2223) $ (0.5981) $ (0.4704)
Diluted (in Dollars per share) $ (0.1594) $ (0.2223) $ (0.5981) $ (0.4704)
Weighted Average Shares Outstanding - Basic (in Shares) 9,637,051 9,540,891 9,637,051 9,540,891
Weighted Average Shares Outstanding - Diluted (in Shares) 9,637,051 9,540,891 9,637,051 9,540,891