XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]        
Net Sales $ 3,016,104 $ 2,916,571 $ 10,495,097 $ 9,798,154
Cost of Sales 1,878,361 1,517,032 11,377,203 11,025,436
Gross (Loss) Profit 1,137,743 1,399,539 (882,106) (1,227,282)
Operating Expenses        
Selling expenses 643,206 1,323,903 2,181,750 2,970,745
General and administrative expenses 1,448,535 1,222,478 4,401,272 3,993,521
Total Operating Expenses 2,091,741 2,546,381 6,583,022 6,964,266
Loss From Operations (953,998) (1,146,842) (7,465,128) (8,191,548)
Other Income (Expenses)        
Non-operating income 84 84
Loss on disposal of fixed assets (36,549)
Foreign exchange transaction income (loss) (708,169) (1,771) (644,525) 32,657
Interest (expense) income, net (2,261) (31,755) (8,220) (5,844)
Financial expense (48,648) (48,732) (148,208) (160,368)
Total Other Income (Expenses), Net (758,994) (82,258) (837,418) (133,555)
Loss Before Income Taxes (1,712,992) (1,229,100) (8,302,546) (8,325,103)
Income Tax Expense (167,532) (180,593)
Net Loss (1,712,992) (1,396,632) (8,302,546) (8,505,696)
Other Comprehensive Loss        
Foreign currency translation (699,802) (91,974) (994,394) (484,738)
Net Loss and Comprehensive Loss $ (2,412,794) $ (1,488,606) $ (9,296,940) $ (8,990,434)
Weighted average shares outstanding - Basic and Diluted [1] 6,932,931 6,399,158 6,885,213 5,870,632
Net loss per share of common stock        
Basic and Diluted $ (0.25) $ (0.22) $ (1.21) $ (1.45)
[1] Including 56,779 and 44,279 shares that were granted and vested but not yet issued for the nine months ended September 30, 2022 and 2021, respectively.