Income Statement

v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 2,866,079 $ 2,196
Cost of Goods Sold 1,380,620 821
Gross Profit 1,485,459 1,375
Operating Expenses    
Consulting Fees 453,029 316,833
General and Administrative 1,755,354 405,837
Professional Fees 335,475 192,413
Depreciation Expense 44,192
Stock Based Compensation (Note 3)    
Consulting Fees 545,107 7,295,000
Share Exchange and Ancillary Rights Agreement 1,166,700  
Director Fees 15,926 300,000
Professional Fees 408,000
Total Stock based compensation 2,135,733 7,595,000
Total Operating Expenses 4,723,783 8,510,083
Loss from Operations (3,238,324) (8,508,708)
Other Income (Expenses)    
Rent Income 25,756
Total Other Income (Expenses) 25,756
Loss From Operations Before Provision for Income Taxes (3,212,568) (8,508,708)
Provision for Income Taxes (Note 4)
Net Loss (3,212,568) (8,508,708)
Net Loss Attributable to Non-Controlling Interest (125,367) (518)
Net Loss Attributable to GSRX Industries Inc. $ (3,087,201) $ (8,508,190)
Basic loss per share $ (0.07) $ (0.21)
Weighted average number of common shares outstanding 46,078,529 41,409,779

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