Three Months Ended
June 30,

Six Months Ended
June 30,

2022

2021

2022

2021

REVENUES

$236,660

$144,148

$288,504

$602,288

COST OF REVENUE

193,075

116,397

233,166

244,728

GROSS PROFIT

43,585

27,751

55,338

357,560

OPERATING EXPENSES:

Salaries & Benefits

1,184,818

985,348

2,476,828

1,832,520

Stock-Based Compensation

167,439

116,441

338,415

233,919

Operations and R&D Costs

146,885

280,700

290,303

477,040

Investor, Public Relations and Marketing

152,300

114,762

246,626

223,103

Organization Costs

60,817

158,529

119,566

236,145

Legal & Professional Service Fees

144,528

244,019

355,944

420,866

Office Expenses

303,600

151,871

509,032

300,096

Depreciation & Amortization

29,861

25,783

61,445

48,814

Other Operating Expenses

89,177

91,198

176,964

177,554

Total Operating Expenses

2,279,425

2,168,651

4,575,123

3,950,057

LOSS FROM OPERATIONS

(2,235,840

(2,140,900

(4,519,785

(3,592,497

OTHER INCOME (EXPENSE)

Interest Income

1,176

7,018

2,747

7,073

Gain on Derivative Liability

-

290,156

-

1,092,441

State Incentives

-

-

76,628

-

Exchange Rate Gain (Loss)

(10,436)

208

(10,766)

158

Interest Expense

(2,070)

(2,029

(3,389)

(3,382)

Total Other Income (Expense)

(11,330 )

295,353

65,220

1,096,290

LOSS BEFORE PROVISION FOR INCOME TAXES

(2,247,170 )

(1,845,547

(4,454,565 )

$ (2,496,207 )

Provision for income Taxes

-

-

-

-

Net Loss

(2,247,170 )

$ (1,845,547

$ (4,454,565 )

$ (2,496,207 )

Preferred Dividends

(14,220)

(14,220

(28,440)

(75,127)

Net Loss Applicable to Common Stockholders

$ (2,261,390 )

$ (1,859,767

$ (4,483,005 )

$ (2,571,334 )