Quarterly report pursuant to Section 13 or 15(d)

PROFORMA FINANCIAL STATEMENTS (UNAUDITED) (Tables)

v3.22.2
PROFORMA FINANCIAL STATEMENTS (UNAUDITED) (Tables)
3 Months Ended
Mar. 31, 2022
PROFORMA FINANCIAL STATEMENTS (UNAUDITED) (Tables)  
Schedule of Unaudited Supplemental Pro Forma Data

 

 

Quarter Ended

March 31, 2022

 

 

Quarter Ended

March 31, 2021

 

Sales

 

$ 4,046,797

 

 

$ 3,002,597

 

Cost of sales

 

 

2,205,039

 

 

 

1,753,016

 

Gross Profit

 

 

1,841,758

 

 

 

1,249,581

 

 

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

4,458,387

 

 

 

2,773,708

 

Selling and marketing

 

 

351,977

 

 

 

197,029

 

Total operating expenses

 

 

4,810,364

 

 

 

2,970,737

 

Operating income (loss)

 

 

(2,968,606 )

 

 

(1,721,156 )

Interest expense

 

 

(183,134 )

 

 

(384,544 )

Gain on forgiveness of PPP loan

 

 

-

 

 

 

28,458

 

Total other expense

 

 

(183,134 )

 

 

(356,086 )

Net Loss

 

$ (3,151,740 )

 

$ (2,077,242 )

Net (loss) income attributable to noncontrolling interests in subsidiaries

 

 

(93,819 )

 

 

16,174

 

Net Loss attributable to common stockholders:

 

$ (3,057,921 )

 

$ (2,093,416 )

 

 

 

 

 

 

 

 

 

Basic and Diluted Loss Per Common Share

 

$ (0.03 )

 

$ (0.13 )

 

 

 

 

 

 

 

 

 

Weighted Average Shares Outstanding- basic and diluted

 

 

94,923,294

 

 

 

86,624,446