Income Statement

v3.19.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 3,439,225 $ 353,430 $ 6,305,304 $ 355,626
Cost of Goods Sold 2,097,844 200,357 3,478,464 201,178
Gross Profit 1,341,381 153,073 2,826,840 154,448
Operating Expenses        
Consulting Fees 413,707 357,990 866,736 674,823
General and Administrative 1,478,002 1,138,396 3,233,356 1,544,233
Professional Fees 212,558 134,464 548,033 326,877
Depreciation Expense 56,977 22,961 101,169 22,961
Stock Based Compensation (Note 3)        
Consulting Fees 90,000 2,155,500 635,107 9,450,500
Share Exchange and Ancillary Rights Agreement 1,166,700
Director Fees 14,161 30,087 300,000
Professional Fees 408,000
Total Stock based compensation 104,161 2,155,500 2,239,894 9,750,500
Total Operating Expenses 2,265,405 3,809,311 6,989,188 12,319,394
Loss from Operations (924,024) (3,656,238) (4,162,348) (12,164,946)
Other Income (Expenses)        
Rent Income 31,500 8,585 57,256 8,585
Abandonment of Option to Purchase Building (200,000) (200,000)
Write of leasehold improvements and rent deposits (654,426) (654,426)
Unrealized loss on investments (802,106) (802,106)
Total Other Income (Expenses) (1,625,032) 8,585 (1,599,276) 8,585
Loss From Operations Before Provision for Income Taxes (2,549,056) (3,647,653) (5,761,624) (12,156,361)
Provision for Income Taxes (Note 4)
Net Loss (2,549,056) (3,647,653) (5,761,624) (12,156,361)
Net Loss Attributable to Non-Controlling Interest (353,451) (163,952) (478,818) (164,470)
Net Loss Attributable to GSRX Industries Inc. $ (2,195,605) $ (3,483,701) $ (5,282,806) $ (11,991,891)
Basic loss per share $ (0.04) $ (0.08) $ (0.10) $ (0.28)
Weighted average number of common shares outstanding 59,117,117 43,150,486 52,633,839 42,246,571

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