Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Income Statement [Abstract] | ||||||
Revenues, net | $ 2,400,311 | $ 2,550,046 | $ 8,919,312 | $ 7,501,535 | $ 9,889,433 | $ 17,122,520 |
Cost of Sales | 998,320 | 1,269,005 | 5,010,704 | 3,995,792 | 5,143,468 | 11,415,198 |
Gross Profit | 1,401,991 | 1,281,041 | 3,908,608 | 3,505,743 | 4,745,965 | 5,707,322 |
Operating Expenses | ||||||
Loss on Inventory Investment | 1,285 | 1,226,426 | 1,226,426 | |||
Wage and salary expense | 937,062 | 1,015,816 | 3,185,144 | 2,878,237 | ||
Professional fees | 95,275 | 205,457 | 307,341 | 757,263 | ||
Accounting and legal expense | 191,611 | 98,867 | 567,690 | 462,626 | ||
Technology expense | 298,586 | 338,637 | 842,433 | 678,110 | ||
Loss on Impairment of Goodwill | (0) | 725,973 | ||||
General and Administrative | 286,488 | 917,105 | 1,484,709 | 2,013,050 | 8,811,832 | 7,488,011 |
Total Operating Expenses | 1,809,022 | 2,577,167 | 6,387,317 | 8,015,712 | 10,038,258 | 8,213,984 |
Operating Loss | (407,031) | (1,296,126) | (2,478,709) | (4,509,969) | (5,292,293) | (2,506,662) |
Nonoperating income (expense) | ||||||
Interest income | 8,396 | 8,396 | ||||
Gain on disposal of asset | 4,100 | |||||
Interest Expense | (130,107) | (5,622) | (140,626) | (21,574) | (23,590) | (29,389) |
Total nonoperating expense | (121,711) | (5,622) | (128,130) | (21,574) | ||
Net Loss | (528,742) | (1,301,748) | (2,606,839) | (4,531,543) | (5,315,883) | (2,536,051) |
Net loss attributable to TRxADE Health, Inc. | (503,003) | (1,301,748) | (2,546,913) | (4,531,543) | $ (5,315,883) | $ (2,536,051) |
Net loss attributable to non-controlling interests | $ (25,739) | $ (59,926) | ||||
Net Loss per Common Share – Basic and Diluted | $ (0.06) | $ (0.16) | $ (0.31) | $ (0.56) | $ (0.65) | $ (0.33) |
Weighted average Common Shares Outstanding – Basic and Diluted | 8,249,653 | 8,163,522 | 8,203,202 | 8,126,689 | 8,136,740 | 7,705,620 |
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- Definition Loss on inventory investment. No definition available.
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- Definition Technology expense. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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