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 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Revenues $ 2,270,696 $ 1,883,502 $ 5,297,334 $ 3,000,178
Costs and expenses:        
Cost of sales 1,489,833 1,385,849 2,980,566 2,316,383
Selling, general and administrative expenses (related party of $75,373, $62,500, $175,373, and $125,000) 1,260,411 1,133,470 2,713,636 2,305,445
Interest expense & letter of credit fees (related party of $497,660, $503,190, $1,000,851, and $1,006,015) 1,120,086 650,359 1,795,706 1,314,747
Gain on extinguishment of debt 0 0 (299,300) 0
(Gain) loss on change in fair value of profit share 128,771 (376,040) 249,825 (252,390)
Gain on sale of equipment 0 (5,919) 0 (5,919)
Total costs and expenses 3,999,101 2,787,719 7,440,433 5,678,266
Loss before provision for income taxes (1,728,405) (904,217) (2,143,099) (2,678,088)
Provision for income taxes (1,278) 0 (4,518) 0
Net loss $ (1,729,683) $ (904,217) $ (2,147,617) $ (2,678,088)
Net loss per common share-basic and diluted: $ (0.02) $ (0.01) $ (0.03) $ (0.03)
Weighted average common shares outstanding - basic and diluted 84,190,073 77,747,750 82,320,840 77,742,225