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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Total Revenues $ 648,668 $ 1,982,142 $ 2,803,422 $ 2,973,087
COST OF REVENUES:        
Total Cost of Revenues 2,185,920 1,794,679 4,916,382 3,441,112
GROSS MARGIN (1,537,252) 187,463 (2,112,960) (468,025)
OPERATING EXPENSES:        
Sales & marketing 351,251 122,473 663,052 262,325
Research & development 79,131 149,566 140,164 555,958
Administration 980,834 1,342,480 1,854,592 2,228,663
Total Operating Expenses 1,411,216 1,614,519 2,657,808 3,046,946
LOSS FROM OPERATIONS (2,948,468) (1,427,056) (4,770,768) (3,514,971)
OTHER INCOME (EXPENSES):        
Interest expense (5,541) (58,243) (11,761) (127,175)
Other income, net 1,129 19,410 1,423,626 29,208
Total Other Income (Expense) (4,412) (38,833) 1,411,865 (97,967)
NET LOSS $ (2,952,880) $ (1,465,889) $ (3,358,903) $ (3,612,938)
Basic & Diluted Net Loss Per Share $ (0.83) $ (0.42) $ (0.95) $ (1.16)
Weighted Average Shares-Basic & Diluted 3,553,718 3,526,382 3,544,579 3,106,660
Product [Member]        
REVENUES:        
Total Revenues $ 100,401 $ 1,597,633 $ 1,590,699 $ 2,111,307
COST OF REVENUES:        
Total Cost of Revenues 1,214,370 1,322,032 3,109,855 2,414,090
Service, Other [Member]        
REVENUES:        
Total Revenues 548,267 384,509 1,212,723 861,780
COST OF REVENUES:        
Total Cost of Revenues 378,319 214,244 709,703 508,198
Overhead [Member]        
COST OF REVENUES:        
Total Cost of Revenues $ 593,231 $ 258,403 $ 1,096,824 $ 518,824