Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations

v3.19.2
Consolidated Statement of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
SERVICE REVENUES $ 1,246,544 $ 1,873,997 $ 2,345,987 $ 3,566,072
COST OF REVENUE 1,115,787 2,528,781 2,242,832 4,824,562
GROSS PROFIT (LOSS) 130,757 (654,784) 103,155 (1,258,490)
OPERATING EXPENSES        
Research and development 48,330 63,971 117,312 178,132
Selling, general and administrative expenses 945,388 3,341,601 2,718,485 6,252,398
Depreciation and amortization 98,967 84,177 206,716 163,409
TOTAL OPERATING EXPENSES 1,092,685 3,489,749 3,042,513 6,593,939
OPERATING LOSS (961,928) (4,144,533) (2,939,358) (7,852,429)
Interest income (expense), net 10,973 718 12,697 (1,081,499)
LOSS FROM CONTINUING OPERATIONS (950,955) (4,143,815) (2,926,661) (8,933,928)
Income taxes 0 0 0 0
DISCONTINUED OPERATIONS        
Income from operations of discontinued component 0 151,565 0 460,943
INCOME FROM DISCONTINUED OPERATIONS 0 151,565 0 460,943
NET LOSS (950,955) (3,992,250) (2,926,661) (8,472,985)
Deemed dividend on exchange of warrants 0 (316,861) 0 (316,861)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (950,955) $ (4,309,111) $ (2,926,661) $ (8,789,846)
LOSS PER SHARE FROM CONTINUING OPERATIONS:        
Basic $ (0.24) $ (3.12) $ (0.96) $ (7.65)
Diluted (0.24) (3.12) (0.96) (7.65)
(LOSS) EARNINGS PER SHARE FROM DISCONTINUED OPERATIONS:        
Basic 0.00 0.11 0.00 0.39
Diluted 0.00 0.11 .00 0.39
NET LOSS PER SHARE:        
Basic (0.24) (3.24) (0.96) (7.53)
Diluted $ (0.24) $ (3.24) $ (0.96) $ (7.53)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic 3,954,152 1,328,654 3,040,993 1,167,432
Diluted 3,954,152 1,328,654 3,040,993 1,167,432