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 )   $ —