Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations

v3.19.1
Consolidated Statement of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Details    
Revenues $ 195,614 $ 47,573
Cost of goods sold 8,511 42,857
Gross profit 187,103 4,716
Operating Expenses:    
Research and development expenses 2,056,175 1,352,969
Selling, general and administrative 3,163,715 1,797,478
Depreciation 3,356 3,356
Total operating expenses 5,223,246 3,153,803
Loss from operations (5,036,143) (3,149,087)
Other (Income) expenses:    
Interest Income 0 (1,597)
Amortization of debt discount 1,122,903 705,700
Loss on extinguishment of debt 139,537 0
Interest expense 456,063 315,013
Total other expenses 1,718,503 1,019,116
Loss before provision of income tax (6,754,646) (4,168,203)
Provision for income tax 0 0
Net Income (Loss) Attributable to Parent (6,754,646) (4,168,203)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (6,754,646) $ (4,168,203)
Loss per common share - basic and diluted $ (0.12) $ (0.08)
Weighted average common shares outstanding - basic and diluted 57,283,687 53,295,927