Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Statements of Stockholders' Deficit (Unaudited)

v3.21.2
Condensed Consolidated and Combined Statements of Stockholders' Deficit (Unaudited) - USD ($)
Temporary Equity Preferred Shares Two [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2019 $ 1,041 $ 71,505,989 $ (75,068,385) $ (46,437) $ 455,781 $ (3,152,011)
Balance, shares at Dec. 31, 2019 10,404,342          
Preferred unit dividend $ 4 19,519 (28,219) (8,696)
Preferred unit dividend, shares   37,518          
Exercise of warrants $ 246 1,528,867 (325,366) 1,203,747
Exercise of warrants, shares   2,414,022          
Issuance of shares, net of transaction costs of $95,000 $ 1,405,000
Issuance of shares, net of transaction costs of $95,000, Shares 1,500            
Bifurcation of derivative liability $ (529,000)
Beneficial conversion feature (729,000) 729,000 729,000
Preferred stock deemed dividend 729,000 (729,000) (729,000)
Conversion of Series 2 preferred to common $ (416,392) $ 143 416,249 416,392
Conversion of Series 2 preferred to common, Shares (713) 1,426,854          
Foreign currency translation (81,069) (81,069)
Net income (loss) (1,771,614) 203,405 (1,568,209)
Ending balance, value at Mar. 31, 2020 $ 459,608 $ 1,434 73,470,624 (77,193,584) (127,506) 659,186 (3,189,846)
Balance, shares at Mar. 31, 2020 787 14,282,736          
Beginning balance, value at Dec. 31, 2019 $ 1,041 71,505,989 (75,068,385) (46,437) 455,781 (3,152,011)
Balance, shares at Dec. 31, 2019 10,404,342          
Foreign currency translation             (37,266)
Net income (loss)             (19,831,855)
Ending balance, value at Sep. 30, 2020 $ 459,608 $ 1,434 92,433,338 (94,160,076) (83,703) (637,968) (2,446,975)
Balance, shares at Sep. 30, 2020 787 14,282,736          
Beginning balance, value at Mar. 31, 2020 $ 459,608 $ 1,434 73,470,624 (77,193,584) (127,506) 659,186 (3,189,846)
Balance, shares at Mar. 31, 2020 787 14,282,736          
Reclassification of non-controlling interest 805,909 (805,909)
Cash contribution of merger consideration, net transaction costs of $588,255 5,411,745 5,411,745
Contribution of warrant portion of merger consideration 1,628,909 1,628,909
Foreign currency translation (6,541) (6,541)
Net income (loss) (8,986,302) (89,716) (9,076,018)
Ending balance, value at Jun. 30, 2020 $ 459,608 $ 1,434 80,511,278 (85,373,977) (134,047) (236,439) (5,231,751)
Balance, shares at Jun. 30, 2020 787 14,282,736          
Warrants issued for extension of the make-whole provision 28,060 28,060
Reclassification of warrants and conversion feature 11,894,000 11,894,000
Foreign currency translation 50,344 50,344
Net income (loss) (8,786,099) (401,529) (9,187,628)
Ending balance, value at Sep. 30, 2020 $ 459,608 $ 1,434 92,433,338 (94,160,076) (83,703) (637,968) (2,446,975)
Balance, shares at Sep. 30, 2020 787 14,282,736          
Beginning balance, value at Dec. 31, 2020 $ 459,608 $ 1,428 92,433,344 (94,587,482) (25,916) (969,680) (3,148,306)
Balance, shares at Dec. 31, 2020 787 14,282,736          
Conversion of preferred stock into common $ (73,000) $ 25 72,975 73,000
Conversion of preferred stock into common, shares (125) 250,000          
Foreign currency translation 8,792 8,792
Net income (loss) (2,548,427) (164,285) (2,712,712)
Ending balance, value at Mar. 31, 2021 $ 386,608 $ 1,453 92,506,319 (97,135,909) (17,124) (1,133,965) (5,779,226)
Balance, shares at Mar. 31, 2021 662 14,532,736          
Beginning balance, value at Dec. 31, 2020 $ 459,608 $ 1,428 92,433,344 (94,587,482) (25,916) (969,680) (3,148,306)
Balance, shares at Dec. 31, 2020 787 14,282,736          
Foreign currency translation             (18,885)
Net income (loss)             (2,475,291)
Ending balance, value at Sep. 30, 2021 $ 58,400 $ 1,570 92,876,775 (96,963,419) (44,801) (1,113,928) (5,243,803)
Balance, shares at Sep. 30, 2021 100 15,706,736          
Beginning balance, value at Mar. 31, 2021 $ 386,608 $ 1,453 92,506,319 (97,135,909) (17,124) (1,133,965) (5,779,226)
Balance, shares at Mar. 31, 2021 662 14,532,736          
Conversion of preferred stock into common $ (328,208) $ 112 328,096 328,208
Conversion of preferred stock into common, shares (562) 1,124,000          
Foreign currency translation 6,802 6,802
Net income (loss) 266,727 59,884 326,611
Ending balance, value at Jun. 30, 2021 $ 58,400 $ 1,565 92,834,415 (96,869,182) (10,322) (1,074,081) (5,117,605)
Balance, shares at Jun. 30, 2021 100 15,656,736          
Issuance of common stock for services $ 5 26,995 27,000
Issuance of common stock for services, shares   50,000          
Share-based compensation expense 15,365 15,365
Non-controlling interest distributions (44,894) (44,894)
Foreign currency translation (34,479) (34,479)
Net income (loss) (94,237) 5,047 (89,190)
Ending balance, value at Sep. 30, 2021 $ 58,400 $ 1,570 $ 92,876,775 $ (96,963,419) $ (44,801) $ (1,113,928) $ (5,243,803)
Balance, shares at Sep. 30, 2021 100 15,706,736