Income Statement

v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenues $ 664,400 $ 1,020,026
Cost of Goods Sold 409,348   610,526  
Gross Profit 255,052 409,500
Operating expenses        
Consulting Fees 282,673 89,174 957,496 119,174
General and administrative 1,274,138 211,262 2,818,371 232,227
Professional Fees 370,533 84,007 697,410 140,257
Depreciation Expense 47,865 70,826
Stock based compensation (Note 3)        
Consulting fees 222,847 275,000 9,673,347 1,344,600
Investor relations 300,000 991,000
Professional fees 1,129,400
Total Stock based compensation 222,847 275,000 9,973,347 3,465,000
Total Operating Expenses 2,198,056 659,443 14,517,450 3,956,658
Loss from operations (1,943,004) (659,443) (14,107,950) (3,956,658)
Other Income (Expenses)        
Rent Income 42,028 50,613
Total Other Income (Expenses) 42,028 50,613
Loss from operations before provision for income taxes (1,900,976) (659,443) (14,057,337) (3,956,658)
Provision for income taxes (Note 4)
Net loss (1,900,976) (659,443) (14,057,337) (3,956,658)
Net loss attributable to non-controlling interest (245,231) (409,701)
Net loss attributable to GSRX Industries Inc. $ (1,655,745) $ (659,443) $ (13,647,636) $ (3,956,658)
Basic loss per share $ (0.04) $ (0.02) $ (0.32) $ (0.25)
Weighted average number of common shares outstanding 42,991,326 30,023,646 44,456,536 15,731,153

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