Quarterly report pursuant to Section 13 or 15(d)

Non-Cash Expenses

v3.21.2
Non-Cash Expenses
9 Months Ended
Sep. 30, 2021
Other Income and Expenses [Abstract]  
NON-CASH EXPENSES

Note 8 – Non-Cash Expenses

 

The following table details the Company’s non-cash expenses included in the accompanying condensed statements of operations:

 

    For the
Three Months Ended
September 30,
    For the
Nine Months Ended
September 30,
 
    2021     2020     2021     2020  
Operating expenses:                                
Stock-based compensation   $ 681,835     $ 370,685     $ 1,959,837     $ 1,906,457  
Depreciation & amortization     34,594       36,753       107,735       121,053  
Subtotal   $ 716,429     $ 407,438     $ 2,067,572     $ 2,027,510  
                                 
Other expense:                                
Amortization of debt discount     4,174       49,693       27,512       224,095  
Equity modification expense    
-
      489,645      
-
      2,290,688  
Subtotal   $ 4,174     $ 539,338     $ 27,512     $ 2,514,783  
                                 
Total non-cash expenses   $ 720,603     $ 946,776     $ 2,095,084     $ 4,542,293