v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue    
Products sales - rebar $ 7,161 $ 3,892
Total cost of goods sold 4,487 105,010
Gross profit (loss) 2,674 (101,118)
OPERATING EXPENSES    
Professional fees 438,749 341,906
Payroll, taxes and benefits 837,348 865,828
Consulting fees 270,525 219,326
General and administrative 1,408,948 2,483,226
Loss on inventory obsolescence 33,062
Total operating expenses 2,988,632 3,910,286
NET LOSS FROM OPERATIONS (2,985,958) (4,011,404)
OTHER (EXPENSE) INCOME    
Gain on sale of asset 40,838
Loss on extinguishment of debt (56,948)
Miscellaneous income 70,817 4,469
Gain on settlement of payables 293,678 201,617
Impairment of fixed assets (1,478)
Interest expense (898,257) (113,076)
Total other (expense) income (549,872) 91,532
NET LOSS FROM OPERATIONS (3,535,830) (3,919,872)
Deemed dividends (663,501) (388,932)
NET LOSS $ (4,199,331) $ (4,308,804)
Net loss per share - basic and diluted $ (0.017) $ (0.021)
Weighted average number of shares outstanding - basic and diluted 209,163,821 186,607,492

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