Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue $ 6,250,780 $ 789,400
Revenue - related parties 1,042,628 619,324
Total - revenue 7,293,408 1,408,724
Cost of revenue 5,855,275 1,775,299
Gross profit (loss) 1,438,133 (366,575)
Operating expenses    
Payroll expenses 5,553,025 1,503,236
Sales and marketing expenses 559,096 71,111
Lease expense 338,389 253,311
Depreciation expense 138,930 34,767
Professional fees 2,461,077 335,604
General and administrative expense 4,431,915 948,928
Total operating expenses 13,482,432 3,146,957
Net loss from operations (12,044,299) (3,513,532)
Other income (expense)    
Other expense (504)
Interest expense (781,376) (42,882)
Interest expense - related party (54,145)
Factoring expense (14,293)
Gain on forgiveness of PPP loan 633,830
Finance expense (768,905)
Total other expense (795,669) (232,606)
Loss before income taxes (12,839,968) (3,746,138)
Provision for income taxes
Net loss $ (12,839,968) $ (3,746,138)
Basic and diluted loss per Common Share $ (0.75) $ (0.34)
Basic and diluted weighted average number of common shares outstanding 17,165,781 11,161,181