Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 4,261,003 $ 5,834,016
Cost of revenue 3,147,515 4,190,192
Gross profit 1,113,488 1,643,824
Operating expenses    
Marketing 115,956 285,830
General and administrative 1,979,452 2,151,305
Stock-based Compensation 432,645 588,697
Total operating expenses 2,528,053 3,025,832
Loss from operations (1,414,565) (1,382,008)
Non-operating income (expenses):    
Other income 17,568 508
Interest expense (298,634) (99,971)
Total other expenses, net (281,066) (99,463)
Income tax expense (benefit) 0 0
Net income (loss) (1,695,631) (1,481,471)
Comprehensive income (loss) $ (1,695,631) $ (1,481,471)
Earnings (loss) per share    
Net loss per share - basic and diluted $ (0.06) $ (0.06)
Weighted average outstanding shares 28,438,982 25,368,944
Product Sales [Member]    
Revenue $ 3,846,337 $ 5,272,972
Services [Member]    
Revenue $ 414,666 $ 561,044