XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Unaudited Condensed Interim Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net Sales $ 3,356,090 $ 2,312,615
Cost of Goods Sold 2,206,991 1,388,349
Gross Profit 1,149,099 924,266
Operating Expenses    
Research and development 59,314 43,645
Selling. General and Administrative Expenses 3,101,226 1,601,517
Loss on impairment of goodwill 1,138,203
Total Operating Expenses 4,298,743 1,645,162
Operating Loss (3,149,644) (720,896)
Other Income (Expense)    
Change in Fair Market Value of Warrant Liability 43,828 (311,400)
Interest expense (4,056)
Loss on change in Fair Market Value of Contingent Consideration (Note 2) (240,000)
Gain on Settlement of Contingent Consideration (Note 2) 1,700,000
Other Expense   (655)
Total Other Income (Expense) 1,499,772 (312,055)
Loss Before Provision for Income Taxes (1,649,872) (1,032,951)
Provision from Income Taxes
Net Loss (1,649,872) (1,032,951)
Net Loss attributable to common stockholders:    
Dividends to preferred shareholders $ (362,250)
Net Loss attributable to common stockholders    
Basic and Diluted Loss Per Common Share $ (0.16) $ (0.12)
Weighted Average Shares Outstanding - basic and diluted 12,928,174 8,630,811