Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.19.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]    
Revenue $ 20,050,776 $ 12,298,015
Cost of goods sold 13,892,025 9,244,329
Gross profit 6,158,751 3,053,686
Operating expenses    
Marketing 1,068,629 402,621
General and administrative 7,644,880 4,929,369
Stock compensation 1,245,826 84,839
Total operating expenses 9,959,335 5,416,829
Loss from operations (3,800,584) (2,363,143)
Other Income (Expenses)    
Other income 24,672 2,324
Interest expense (119,961) (216,576)
Total other expenses, net (95,289) (214,252)
Income tax expense 0 0
Net income (loss) (3,895,873) (2,577,395)
Comprehensive income (loss) $ (3,895,873) $ (2,577,395)
Earnings per share, Net loss per share - basic and diluted $ (0.16) $ (0.11)
Weighted average outstanding shares [1] 24,848,239 23,315,227
[1] Weighted shares outstanding for the period ended December 31, 2017 were recalculated from partnership units to common stock shares with a conversion rate of 193.3936722 shares for each LLC unit.