Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Comprehensive Income

v3.4.0.3
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Revenues      
Revenues $ 1,845,240 $ 940,172  
Cost of revenues 436,624 263,914  
Gross margin 1,408,616 676,258  
Operating expenses      
General and administrative 1,048,471 1,161,387  
Sales and marketing 1,178,089 1,092,900  
Engineering, research, and development 331,982 114,144  
Depreciation and amortization 146,388 55,746  
Total operating expenses 2,704,930 2,424,177  
Loss from operations (1,296,314) (1,747,919)  
Other income/(expense)      
Interest income 368 56  
Interest expense (7,593)    
Change in fair value of derivative liabilities   18,325  
Foreign currency gain/(loss) 14,550    
Total other income/(expense) 7,325 18,381  
Loss before income taxes (1,288,989) (1,729,538)  
Net loss (1,288,989) (1,729,538) $ (6,133,046)
Other comprehensive loss, net of income tax      
Foreign currency translation adjustments (63,219)    
Comprehensive loss $ (1,352,208) $ (1,729,538)  
Net loss per share - basic and diluted $ (0.04) $ (0.08)  
Weighted average number of shares during the period - basic and diluted 29,778,439 23,022,420