CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
|
| Revenue | ||||
| Products Sales - Rebar | $ 15,549 | $ 593 | $ 19,685 | $ 2,218 |
| Total cost of goods sold | 19,493 | 1,603 | 20,809 | 2,222 |
| Gross loss | (3,944) | (1,010) | (1,124) | (4) |
| OPERATING EXPENSES | ||||
| Professional fees | 79,355 | 53,016 | 193,087 | 162,874 |
| Payroll, taxes and benefits | 300,683 | 162,455 | 554,798 | 399,886 |
| Consulting | 117,375 | 81,875 | 230,625 | 98,938 |
| General and administrative | 950,167 | 283,034 | 1,533,937 | 500,987 |
| Total operating expenses | 1,469,755 | 580,380 | 2,534,622 | 1,162,685 |
| NET LOSS FROM OPERATIONS | (1,451,524) | (581,390) | (2,513,571) | (1,162,689) |
| OTHER INCOME (EXPENSE) | ||||
| Gain on settlement of legal contingency | 320,037 | 344,522 | ||
| Miscellaneous income | 3,116 | 3,116 | 70,817 | |
| Loss (gain) on extinguishment of debt | (3,056,892) | 980 | (6,743,015) | 980 |
| Loan forgiveness | 124,143 | |||
| Interest expense | (133,211) | (201,007) | (205,874) | (251,830) |
| Total other income (expense) | (2,866,950) | (200,027) | (6,477,108) | (180,033) |
| NET LOSS | $ (4,318,474) | $ (781,417) | $ (8,990,679) | $ (1,342,722) |
| Net loss per share – basic and diluted | $ (0.019) | $ (0.003) | $ (0.039) | $ (0.007) |
| Weighted average number of shares outstanding - basic and diluted | 227,837,337 | 234,917,946 | 227,115,792 | 205,202,856 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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