2022 Q2 Form 10-Q Financial Statement

#000147793222006106 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $1.467M $1.777M $1.368M
YoY Change -11.62% 0.34% 8.64%
Cost Of Revenue $1.042M $1.358M $1.093M
YoY Change -9.86% 8.07% 20.24%
Gross Profit $424.9K $418.6K $275.3K
YoY Change -15.66% -18.55% -21.45%
Gross Profit Margin 28.96% 23.56% 20.12%
Selling, General & Admin $225.9K $149.6K $559.5K
YoY Change -58.0% -17.41% 4.66%
% of Gross Profit 53.15% 35.74% 203.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $360.00 $364.00 $370.00
YoY Change -29.41% -27.78% -26.0%
% of Gross Profit 0.08% 0.09% 0.13%
Operating Expenses $499.7K $417.3K $559.5K
YoY Change -42.83% -18.22% 4.65%
Operating Profit -$74.77K $1.380K -$284.2K
YoY Change -79.81% -63.2% 54.31%
Interest Expense $38.03K $259.1K $94.62K
YoY Change -76.98% -25.69% -95.65%
% of Operating Profit 18774.93%
Other Income/Expense, Net $39.87K $28.00K $0.00
YoY Change -94.1% -325.26%
Pretax Income -$34.90K $29.38K -$189.6K
YoY Change -111.44% -438.48% -108.11%
Income Tax
% Of Pretax Income
Net Earnings -$34.90K $29.38K -$189.6K
YoY Change -111.44% -438.45% -108.11%
Net Earnings / Revenue -2.38% 1.65% -13.86%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$2.561K
COMMON SHARES
Basic Shares Outstanding 80.13M shares 75.09M shares
Diluted Shares Outstanding 80.13M shares 104.0M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $373.7K $807.0K $344.8K
YoY Change -50.73% -14.28% -29.57%
Cash & Equivalents $373.7K $807.0K $344.8K
Short-Term Investments
Other Short-Term Assets $67.24K $10.62K $8.600K
YoY Change 479.66% -66.36% -94.21%
Inventory $225.5K $215.3K $196.7K
Prepaid Expenses $67.24K $10.62K $8.600K
Receivables $1.263M $891.0K $591.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.929M $1.924M $1.141M
YoY Change 59.77% 31.95% 1.88%
LONG-TERM ASSETS
Property, Plant & Equipment $756.00 $1.108K $1.472K
YoY Change -67.69% -60.99% -56.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $94.09K $102.0K $1.472K
YoY Change 3920.73% 3491.02% -56.03%
TOTAL ASSETS
Total Short-Term Assets $1.929M $1.924M $1.141M
Total Long-Term Assets $94.09K $102.0K $1.472K
Total Assets $2.023M $2.026M $1.143M
YoY Change 67.24% 38.68% 1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $860.5K $674.5K $382.9K
YoY Change 220.18% 281.71% 37.15%
Accrued Expenses $2.532M $2.507M $2.469M
YoY Change 26.77% 24.04% 19.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $588.8K $629.3K $789.0K
YoY Change -31.7% -39.48% -14.09%
Total Short-Term Liabilities $4.727M $4.684M $4.693M
YoY Change -7.78% -22.1% -29.76%
LONG-TERM LIABILITIES
Long-Term Debt $573.2K $624.8K $705.0K
YoY Change 291.64% 324.66% 376.57%
Other Long-Term Liabilities $63.79K $72.25K
YoY Change
Total Long-Term Liabilities $637.0K $697.1K $705.0K
YoY Change 335.22% 373.76% 376.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.727M $4.684M $4.693M
Total Long-Term Liabilities $637.0K $697.1K $705.0K
Total Liabilities $5.364M $5.381M $5.398M
YoY Change 1.74% -12.64% -20.96%
SHAREHOLDERS EQUITY
Retained Earnings -$11.14M -$11.10M -$11.13M
YoY Change 2.84% 0.05%
Common Stock $80.77K $76.49K $74.49K
YoY Change 9.8% 12.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.607M -$3.618M -$4.514M
YoY Change
Total Liabilities & Shareholders Equity $2.023M $2.026M $1.143M
YoY Change 67.24% 38.68% 1.7%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$34.90K $29.38K -$189.6K
YoY Change -111.44% -438.45% -108.11%
Depreciation, Depletion And Amortization $360.00 $364.00 $370.00
YoY Change -29.41% -27.78% -26.0%
Cash From Operating Activities -$334.5K -$137.9K -$228.0K
YoY Change -18.95% 12.87% 22.22%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -98.86K $600.1K -39.32K
YoY Change -143.05% 4.54% -150.96%
NET CHANGE
Cash From Operating Activities -334.5K -$137.9K -228.0K
Cash From Investing Activities $0.00
Cash From Financing Activities -98.86K $600.1K -39.32K
Net Change In Cash -433.4K $462.2K -267.3K
YoY Change 136.71% 2.29% 144.35%
FREE CASH FLOW
Cash From Operating Activities -$334.5K -$137.9K -$228.0K
Capital Expenditures
Free Cash Flow
YoY Change

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-22833 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
29384 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-3617752 usd
CY2022Q2 jksm Common Stock Issued For Share Payable Amount
CommonStockIssuedForSharePayableAmount
0 usd
CY2022Q2 jksm Common Stock Issued For Services Amount
CommonStockIssuedForServicesAmount
68977 usd
CY2022Q2 jksm Common Stock And Warrants Issued In Connection With Preferred Stock Amount
CommonStockAndWarrantsIssuedInConnectionWithPreferredStockAmount
0 usd
CY2022Q2 jksm Dividends On Series A Preferred Stock Amount
DividendsOnSeriesAPreferredStockAmount
-23087 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-34903 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-3606765 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-5705452 usd
CY2021Q1 jksm Common Stock Issued For Debt Conversion Amount
CommonStockIssuedForDebtConversionAmount
614198 usd
CY2021Q1 jksm Common Stock Issued For Deferred Finance Cost Amount
CommonStockIssuedForDeferredFinanceCostAmount
72000 usd
CY2021Q1 jksm Sale Of Common Stock Units Amount
SaleOfCommonStockUnitsAmount
187800 usd
CY2021Q1 jksm Common Stock And Warrants Issued For Settlement Of Notes Payable Amount
CommonStockAndWarrantsIssuedForSettlementOfNotesPayableAmount
141118 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-8682 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-4699018 usd
CY2021Q2 jksm Common Stock Issued For Services Amount
CommonStockIssuedForServicesAmount
6211 usd
CY2021Q2 jksm Sale Of Common Stock Units Amount
SaleOfCommonStockUnitsAmount
0 usd
CY2021Q2 jksm Exercise Of Warrants Amount
ExerciseOfWarrantsAmount
0 usd
CY2021Q2 jksm Extinguishment Of Derivative Liability Due To Conversion
ExtinguishmentOfDerivativeLiabilityDueToConversion
72958 usd
CY2021Q2 jksm Shares Returned Under Share Lending Agreement Amount
SharesReturnedUnderShareLendingAgreementAmount
0 usd
CY2021Q2 jksm Issuance Of Series A Preferred Stock Amount
IssuanceOfSeriesAPreferredStockAmount
0 usd
CY2021Q2 jksm Dividends On Series A Preferred Stock Amount
DividendsOnSeriesAPreferredStockAmount
-1208 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
305147 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-4315910 usd
us-gaap Net Income Loss
NetIncomeLoss
-5519 usd
us-gaap Net Income Loss
NetIncomeLoss
296465 usd
us-gaap Depreciation
Depreciation
716 usd
us-gaap Depreciation
Depreciation
1008 usd
us-gaap Share Based Compensation
ShareBasedCompensation
68977 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6211 usd
jksm Gain On Settlement Of Notes Payable
GainOnSettlementOfNotesPayable
0 usd
jksm Gain On Settlement Of Notes Payable
GainOnSettlementOfNotesPayable
160164 usd
jksm Loss On Conversion Of Notes Payable
LossOnConversionOfNotesPayable
0 usd
jksm Loss On Conversion Of Notes Payable
LossOnConversionOfNotesPayable
58642 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
56765 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
433097 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12493 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0 usd
us-gaap Interest Expense Other
InterestExpenseOther
141020 usd
us-gaap Interest Expense Other
InterestExpenseOther
0 usd
jksm Gain Loss On Sale Of Derivatives1
GainLossOnSaleOfDerivatives1
-364977 usd
jksm Gain Loss On Sale Of Derivatives1
GainLossOnSaleOfDerivatives1
-1075360 usd
us-gaap Impairment Of Investments
ImpairmentOfInvestments
18000 usd
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-671521 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
39905 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-47539 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4922 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-58643 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
136859 usd
jksm Increase Decrease Of Right Of Use Liabilities
IncreaseDecreaseOfRightOfUseLiabilities
10437 usd
jksm Increase Decrease Of Right Of Use Liabilities
IncreaseDecreaseOfRightOfUseLiabilities
0 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
454962 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-99191 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-67468 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-177260 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-472391 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-534866 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
570000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
300000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
530503 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
163988 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
296524 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
252751 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
34377 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
250000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
890000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
252000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
501237 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
803644 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28846 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
268778 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
344811 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
489560 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
373657 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
758338 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Interest Paid
InterestPaid
10212 usd
us-gaap Interest Paid
InterestPaid
49802 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
105822 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
jksm Common Stock Issued To Settle Convertible Notes Payable
CommonStockIssuedToSettleConvertibleNotesPayable
0 usd
jksm Common Stock Issued To Settle Convertible Notes Payable
CommonStockIssuedToSettleConvertibleNotesPayable
614198 usd
jksm Derivative Liability Recognized At Issuance Of Warrants And Conversion Option
DerivativeLiabilityRecognizedAtIssuanceOfWarrantsAndConversionOption
0 usd
jksm Derivative Liability Recognized At Issuance Of Warrants And Conversion Option
DerivativeLiabilityRecognizedAtIssuanceOfWarrantsAndConversionOption
493670 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
72958 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
2670 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
72000 usd
jksm Common Stock Issued To Settle Share Payable
CommonStockIssuedToSettleSharePayable
331600 shares
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
104303 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements is in conformity with U.S. GAAP and requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Such estimates and assumptions impact both assets and liabilities, including but not limited to net realizable value of accounts receivable and inventory, estimated useful lives and potential impairment of property and equipment, estimate of fair value of share based payments and derivative liabilities, estimates of fair value of warrants issued and recorded as debt discount and estimates of the probability and potential magnitude of contingent liabilities. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future nonconforming events. Accordingly, actual results could differ significantly from estimates.</p>
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
74000 usd
jksm Inventory Allowance
InventoryAllowance
18800 usd
CY2022Q2 jksm Machine Sales
MachineSales
1157961 usd
CY2021Q2 jksm Machine Sales
MachineSales
1526947 usd
jksm Machine Sales
MachineSales
2191084 usd
jksm Machine Sales
MachineSales
3185615 usd
CY2022Q2 jksm Non Machine Sales
NonMachineSales
309348 usd
CY2021Q2 jksm Non Machine Sales
NonMachineSales
133310 usd
jksm Non Machine Sales
NonMachineSales
1053300 usd
jksm Non Machine Sales
NonMachineSales
245608 usd
CY2022Q2 us-gaap Revenues
Revenues
1467309 usd
CY2021Q2 us-gaap Revenues
Revenues
1660257 usd
us-gaap Revenues
Revenues
3244384 usd
us-gaap Revenues
Revenues
3431223 usd
jksm Summary Of Effect Of Potential Dilutive Issuances
SummaryOfEffectOfPotentialDilutiveIssuances
<table cellpadding="0" style="border-spacing:0;font-size:10pt;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="6" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Three Months Ended</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td colspan="6" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>Six Months Ended</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2022</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2021</strong></p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> <strong>June 30, 2022</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>June 30, 2021</strong></p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net income (loss) attributable to common stockholders</p></td><td/><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(57,990</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">303,939</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(51,439</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">295,257</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Preferred stock dividends</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">1,208</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">1,208</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Derivative gain</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(542,993</p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(1,075,360</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Interest expense associated with convertible debt</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">155,241</p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">447,791</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Net income (loss) for dilutive calculation</p></td><td/><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(57,990</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">$</p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(86,605</p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(51,439</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">) </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">(331,104</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px">)</p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Weighted average shares outstanding</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">80,132,342</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">72,034,097</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">77,605,012</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">70,692,600</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of preferred stock</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">1,400,000</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">1,400,000</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of convertible debt</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">2,469,136</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">2,469,136</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Dilutive effect of common stock warrants</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;">-</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td style="BORDER-BOTTOM: 1px solid;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Weighted average shares outstanding for diluted net income (loss) per share</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">80,132,342</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: black 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">80,740,245</p></td><td style="BORDER-BOTTOM: 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">77,605,012</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:right;">77,787,944</p></td><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-57990 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
303939 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-51439 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
295257 usd
jksm Dividends Preferred Stock1
DividendsPreferredStock1
1208 usd
CY2021Q2 jksm Dividends Preferred Stock1
DividendsPreferredStock1
1208 usd
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-542993 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1075360 usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2021Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
155241 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
447791 usd
CY2022Q2 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-57990 usd
CY2021Q2 jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-86605 usd
jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-51439 usd
jksm Net Income Loss For Dilutive Calculation
NetIncomeLossForDilutiveCalculation
-331104 usd
CY2022Q2 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
80132342 usd
CY2021Q2 jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
72034097 usd
jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
77605012 usd
jksm Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
70692600 usd
CY2022Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1400000 usd
us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0 usd
CY2021Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
1400000 usd
CY2022Q2 jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
0 usd
jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
2469136 usd
jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
0 usd
CY2021Q2 jksm Dilutive Effect Of Convertible Debt
DilutiveEffectOfConvertibleDebt
2469136 usd
CY2022Q2 jksm Dilutive Effect Of Common Stock Warrants
DilutiveEffectOfCommonStockWarrants
0 usd
CY2021Q2 jksm Dilutive Effect Of Common Stock Warrants
DilutiveEffectOfCommonStockWarrants
0 usd
jksm Dilutive Effect Of Common Stock Warrants
DilutiveEffectOfCommonStockWarrants
0 usd
CY2022Q2 jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
80132342 usd
CY2021Q2 jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
80740245 usd
jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
77605012 usd
jksm Weighted Average Shares Outstanding For Diluted Net Income Loss Per Share
WeightedAverageSharesOutstandingForDilutedNetIncomeLossPerShare
77787944 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15189056 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2469136 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
18066667 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2777778 shares
jksm Shares Not Yet Issued Related To Conversions Of Debt Excluding Stock Units
SharesNotYetIssuedRelatedToConversionsOfDebtExcludingStockUnits
2222223 shares
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
10968056 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2493827 shares
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20643 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20644 usd
CY2022Q2 jksm Less Accumulated Depreciation
LessAccumulatedDepreciation
-19887 usd
CY2021Q4 jksm Less Accumulated Depreciation
LessAccumulatedDepreciation
-19172 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
756 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1472 usd
us-gaap Depreciation
Depreciation
716 usd
us-gaap Depreciation
Depreciation
1008 usd
CY2022Q2 jksm Accounts Payable And Accrued Liabilities
AccountsPayableAndAccruedLiabilities
1140869 usd
CY2021Q4 jksm Accounts Payable And Accrued Liabilities
AccountsPayableAndAccruedLiabilities
587775 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
825358 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
914121 usd
CY2022Q2 jksm Debt Instrument Unamortized Discount1
DebtInstrumentUnamortizedDiscount1
107814 usd
CY2021Q4 jksm Debt Instrument Unamortized Discount1
DebtInstrumentUnamortizedDiscount1
121309 usd
CY2022Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
144389 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
87774 usd
CY2022Q2 jksm Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
573155 usd
CY2021Q4 jksm Notes Payable Net Of Current Portion
NotesPayableNetOfCurrentPortion
705038 usd
CY2021Q3 jksm Investor Fees
InvestorFees
5000 usd
CY2021Q3 jksm Financing Fees
FinancingFees
27500 usd
CY2021Q3 jksm Common Stock To A Lender
CommonStockToALender
843750 shares
CY2021Q3 us-gaap Deferred Purchased Power Costs
DeferredPurchasedPowerCosts
100744 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
13495 usd
CY2022Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 usd
CY2021Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
444444 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
744444 usd
CY2022Q2 jksm Less Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
LessDebtDiscountAndDeferredFinanceCostsOnShortTermConvertibleNotes
0 usd
CY2021Q4 jksm Less Debt Discount And Deferred Finance Costs On Short Term Convertible Notes
LessDebtDiscountAndDeferredFinanceCostsOnShortTermConvertibleNotes
-43269 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
444444 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
701175 usd
CY2021Q3 jksm Convertible Notes Payable1
ConvertibleNotesPayable1
444444 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
93615 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4338 usd
jksm Convertible Notes Payable1
ConvertibleNotesPayable1
364977 usd
jksm Convertible Notes Payable1
ConvertibleNotesPayable1
1075360 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 jksm Common Stock Designated
CommonStockDesignated
200000000 shares
CY2021Q4 jksm Preferred Stock Designated
PreferredStockDesignated
30000000 shares
CY2021Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.18
CY2021Q4 us-gaap Share Price
SharePrice
0.18
CY2021Q4 jksm Stock Exercise Price
StockExercisePrice
0.27
CY2021 jksm Shares Remaining To Be Issued
SharesRemainingToBeIssued
2222223 shares
CY2022Q2 jksm Subscriptions Payable Liability Balance
SubscriptionsPayableLiabilityBalance
499999 usd
CY2022Q2 jksm Redemption Value Of Series A Preferred Stock
RedemptionValueOfSeriesAPreferredStock
265670 usd
CY2021Q4 jksm Redemption Value Of Series A Preferred Stock
RedemptionValueOfSeriesAPreferredStock
259422 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4000000 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.20
CY2022Q2 jksm Common Stock Share Issued
CommonStockShareIssued
2670034 shares
jksm Fair Value Of Common Stock
FairValueOfCommonStock
139800 usd
jksm Aggregate Number Beginning
AggregateNumberBeginning
11189056 shares
jksm Aggregate Exercise Price Beginning
AggregateExercisePriceBeginning
2646044 usd
jksm Weighted Average Exercise Price Beginning
WeightedAverageExercisePriceBeginning
0.24
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4000000 shares
jksm Aggregate Exercise Price Granted
AggregateExercisePriceGranted
800000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.20
jksm Aggregate Exercise Price Exercised
AggregateExercisePriceExercised
0 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
jksm Aggregate Exercise Price Forfeited And Cancelled
AggregateExercisePriceForfeitedAndCancelled
0 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
jksm Aggregate Number Ending
AggregateNumberEnding
15189056 shares
jksm Aggregate Exercise Price Ending
AggregateExercisePriceEnding
3446044 usd
jksm Weighted Average Exercise Price Ending
WeightedAverageExercisePriceEnding
0.23
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P2Y5M1D
jksm Description For Extention Of Lease Term
DescriptionForExtentionOfLeaseTerm
beginning February 15, 2022 through February 28, 2025
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3267 usd
jksm Lease Payments Increased Percentage
LeasePaymentsIncreasedPercentage
0.04 pure
CY2022Q2 jksm Right Of Use Asset And Lease Liability
RightOfUseAssetAndLeaseLiability
105822 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
16757 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
34274 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
54398 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Lease Cost
LeaseCost
51031 usd
us-gaap Lease Cost
LeaseCost
54398 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93329 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
31593 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
63792 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
95385 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 usd
CY2022Q2 jksm Incremental Borrowing Rate Percentage
IncrementalBorrowingRatePercentage
0.10 pure
jksm Lease Remaining Terms
LeaseRemainingTerms
P2Y8M1D
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19602 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40511 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
42123 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7065 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
109301 usd
CY2022Q2 jksm Less Interest Lessee Operating Lease Liability
LessInterestLesseeOperatingLeaseLiability
13916 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
95385 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1696374 usd
jksm Description Of Management Intention Of Not Removing Accrued Liabilities
DescriptionOfManagementIntentionOfNotRemovingAccruedLiabilities
Management does not intend to remove these liabilities of $1,696,374 from the Company’s financial statements until such time that the liability is formally settled or judicially released in accordance with ASC 405-20-40. Due to the lack of written agreements and other factors noted above, management concluded to no longer accrue interest on these loans.

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