Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]
Segment Information
For the three months ended For the nine months ended
September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020
Revenues $ 22,351 $ 53,195 $ 73,760 $ 217,972
Cost of Goods Sold 19,435 37,170 47,769 110,563
Gross Profit 2,916 16,025 25,991 107,409
Expense
Depreciation Expense 3,100 1,374 5,881 4,702
Selling and Marketing 105,757 117,978 363,796 294,231
Payroll and Related expenses 56,988 26,394 165,800 77,256
Stock Based Compensation 104,685 — 104,685 29,325
General and Admin Expenses 87,517 55,672 284,182 169,707
Total Expense 358,047 201,418 924,344 575,221
Net Loss from Operations $ (355,131 ) $ (185,393 ) $ (898,353 ) $ (467,812 )

The following table represents the Company's cDistro business segment as of September 30, 2021

For the three months ended For the nine months ended
September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020
Revenues $ 407,246 $ — $ 407,589 $ —
Cost of Goods Sold 359,056 — 359,056 —
Gross Profit 48,190 — 48,533 —
Expense
Depreciation Expense 597 — 597 —
Selling and Marketing 3,696 — 3,696 —
Payroll and Related expenses 45,000 — 45,000 —
Stock Based Compensation — — — —
General and Admin Expenses 94,650 — 94,938 —
Total Expense 143,943 — 144,231 —
Net Loss from Operations $ (95,753 ) $ — $ (95,698 ) $ —