Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 834,798 $ 1,175,616 $ 1,679,909 $ 3,090,340
Revenue - related parties 92,772 194,793 297,816 543,696
Total - revenue 927,570 1,370,409 1,977,725 3,634,036
Cost of revenue 1,768,671 862,632 2,734,762 2,230,460
Gross profit (loss) (841,101) 507,777 (757,037) 1,403,576
Operating expenses        
Selling, general and administrative expense 3,056,814 3,560,482 6,702,397 7,102,651
Total operating expenses 3,056,814 3,560,482 6,702,397 7,102,651
Net loss from operations (3,897,915) (3,052,705) (7,459,434) (5,699,075)
Other income (expense)        
Other income 1,613 17,950 1,613 17,950
Interest expense (186,175) (187,667) (339,701) (375,194)
Interest income 12,313 12,313
Asset-based loan expense (65,920) (38,634) (161,375) (79,567)
Finance expense (240,525) (806,754)
Total other income (expense) (238,169) (448,876) (487,150) (1,243,565)
Loss before income taxes (4,136,084) (3,501,581) (7,946,584) (6,942,640)
Provision for income taxes
Net loss (4,136,084) (3,501,581) (7,946,584) (6,942,640)
Dividend on Series A preferred Stock (42,375)
Net loss attributed to stockholders $ (4,136,084) $ (3,501,581) $ (7,988,959) $ (6,942,640)
Loss per common share - Basic $ (0.99) $ (6.85) $ (2.30) $ (17.15)
Loss per common share - Diluted $ (0.99) $ (6.85) $ (2.30) $ (17.15)
Weighted average number of common shares outstanding - Basic 4,181,344 511,315 3,450,577 404,821
Weighted average number of common shares outstanding - Diluted 4,181,344 511,315 3,450,577 404,821