v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 1,633,071 $ 1,890,437 $ 5,375,724 $ 5,787,168
Cost of revenues 1,160,880 1,806,022 3,598,661 4,183,719
Gross profit 472,191 84,415 1,777,063 1,603,449
Operating expenses        
General and administrative 2,292,623 983,428 4,907,882 3,088,588
Sales and marketing 708,398 614,600 2,002,529 1,778,371
Engineering, research, and development 968,546 784,804 2,507,264 2,360,863
Impairment of intangible asset 238,143 238,143
Depreciation and amortization 30,418 118,317 130,902 353,050
Total operating expenses 3,999,985 2,739,292 9,548,577 7,819,015
Loss from operations (3,527,794) (2,654,877) (7,771,514) (6,215,566)
Other income/(expense)        
Loss of settlement of debt (10,857)
Interest expense (237,376) (193,501) (720,265) (520,454)
Settlement Losses (13,000) (25,500)
Foreign currency gain (102) (339) (393) 2,470
Total other income/(expense) (250,478) (193,840) (757,015) (517,984)
Loss before income taxes (3,778,272) (2,848,717) (8,528,529) (6,733,550)
Income tax expense
Net loss (3,778,272) (2,848,717) (8,528,529) (6,733,550)
Other comprehensive loss, net of income tax        
Foreign currency translation adjustments 91,825 (76,228) 123,190 (76,862)
Comprehensive loss $ (3,686,447) $ (2,924,945) $ (8,405,339) $ (6,810,412)
Net loss per share:        
Basic $ (0.06) $ (0.05) $ (0.13) $ (0.12)
Diluted $ (0.06) $ (0.05) $ (0.13) $ (0.12)
Weighted average number of shares:        
Basic 66,785,952 60,297,083 64,878,021 58,544,432
Diluted 66,785,952 60,297,083 64,878,021 58,544,432

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