Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Revenues $ 2,812,197 $ 3,596,107 $ 5,812,375 $ 8,893,177
Costs and expenses:        
Cost of sales 1,881,742 2,477,673 4,198,125 6,438,998
Selling, general and administrative expenses (related party of $75,000, $76,991, $200,000 and $227,530) 1,271,351 1,186,280 3,576,796 5,116,487
Interest expense & letter of credit fees (related party of $509,300, $508,886, $1,514,735 and $1,450,215) 672,355 623,237 1,987,102 1,690,855
(Gain) loss on change in fair value of profit share 111,436 112,575 (140,954) 255,847
Gain on sale of equipment 0 0 (5,919) 0
Total costs and expenses 3,936,884 4,399,765 9,615,150 13,502,187
Loss before provision for income taxes (1,124,687) (803,658) (3,802,775) (4,609,010)
Provision for income taxes 0 0 0 0
Net loss $ (1,124,687) $ (803,658) $ (3,802,775) $ (4,609,010)
Net loss per common share-basic and diluted: $ (0.01) $ (0.01) $ (0.05) $ (0.06)
Weighted average common shares outstanding - basic and diluted 77,747,750 76,730,400 77,744,087 76,463,246