Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenue $ 5,010,565 $ 6,250,780
Revenue - related parties 952,220 1,042,628
Total - revenue 5,962,785 7,293,408
Cost of revenue 4,321,482 5,855,275
Gross profit (loss) 1,641,303 1,438,133
Operating expenses    
Selling, general and administrative expenses 14,166,617 13,482,432
Total operating expenses 14,166,617 13,482,432
Net loss from operations (12,525,314) (12,044,299)
Other income (expense)    
Other income 17,950
Interest expense (747,420) (781,376)
Asset-based loan expense (155,716) (14,293)
Finance expense (917,848)
Total other income (expense) (1,803,034) (795,669)
Loss before income taxes (14,328,348) (12,839,968)
Provision for income taxes
Net loss (14,328,348) (12,839,968)
Dividend on Series A preferred Stock (202,599)
Net loss attributed to stockholders $ (14,530,947) $ (12,839,968)
Loss per common share - Basic $ (23.11) $ (74.80)
Loss per common share - Diluted $ (23.11) $ (74.80)
Weighted average number of common shares outstanding - Basic 619,986 171,658
Weighted average number of common shares outstanding - Diluted 619,986 171,658