Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues $ 13,012,049 $ 8,158,448
Costs and expenses:    
Cost of sales 7,938,947 5,440,395
Selling, general and administrative expenses (related party of $325,676 and $175,275) 5,934,132 5,935,517
Interest expense & letter of credit fees (related party of $2,018,289 and $2,023,818) 2,817,895 2,657,554
Gain on extinguishment of debt (600,677) 0
Loss (Gain) on change in fair value of profit share liability 531,435 (23,537)
Gain on sale of equipment 0 (35,859)
Total costs and expenses 16,621,732 13,974,070
Net loss before provision for income taxes (3,609,683) (5,815,622)
Provision for income taxes (23,000) (10,000)
Net loss $ (3,632,683) $ (5,825,622)
Net loss per common share-basic and diluted: $ (0.04) $ (0.07)
Weighted average common shares outstanding 85,856,336 77,818,780