v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 2,029,569 $ 2,457,590
Cost of revenues 1,174,948 1,041,795
Gross profit 854,621 1,415,795
Operating expenses    
General and administrative 1,207,176 1,289,370
Sales and marketing 597,501 896,750
Engineering, research, and development 702,223 723,950
Impairment of intangible asset   8,286
Depreciation and amortization 124,312 158,227
Total operating expenses 2,631,212 3,076,583
Loss from operations (1,776,591) (1,660,788)
Other income/(expense)    
Interest income   5
Interest expense (159,827) (32,516)
Foreign currency gain (loss) 3,319 (474)
Total other income/(expense) (156,508) (32,985)
Loss before income taxes (1,933,099) (1,693,773)
Income tax expense
Net loss: (1,933,099) (1,693,773)
Other comprehensive loss, net of income tax    
Foreign currency translation adjustments (12,895) (9,678)
Comprehensive loss $ (1,945,994) $ (1,703,451)
Net loss per share:    
Basic and Diluted $ (0.03) $ (0.03)
Weighted average number of shares:    
Basic And Diluted 57,233,309 55,410,695

Source