v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Revenues          
Revenues $ 1,366,239 $ 2,238,680 $ 5,059,567 $ 4,351,984  
Cost of revenues 756,130 599,736 1,549,519 1,157,126  
Gross profit 610,109 1,638,944 3,510,048 3,194,858  
Operating expenses          
General and administrative 770,591 845,928 2,018,934 1,863,893  
Sales and marketing 792,263 868,473 2,253,843 1,836,185  
Engineering, research, and development 422,660 1,073,189 1,954,258 1,901,234  
Depreciation and amortization 98,728 99,458 195,698 168,203  
Total operating expenses 2,084,242 2,887,048 6,422,733 5,769,515  
Loss from operations (1,474,133) (1,248,104) (2,912,685) (2,574,657)  
Other income/(expense)          
Interest income 146 1,012 602 1,916  
Interest expense (109,635) (31,501) (167,124) (52,607)  
Gain on sale of fixed assets     (8,722)    
Foreign currency (loss) gain (1,290) (528) (1,620) (3,158)  
Total other income/(expense) (110,779) (31,017) (176,864) (53,849)  
Loss before income taxes (1,584,912) (1,279,121) (3,089,549) (2,628,506)  
Income tax expense  
Net loss (1,584,912) (1,279,121) (3,089,549) (2,628,506) $ (5,946,012)
Other comprehensive loss, net of income tax          
Foreign currency translation adjustments 69,710 (10,643) 57,097 (15,864) $ (32,765)
Comprehensive loss $ (1,515,202) $ (1,289,764) $ (3,032,452) $ (2,644,370)  
Net loss per share - basic and diluted $ (0.04) $ (0.04) $ (0.08) $ (0.07)  
Weighted average number of shares during the period - basic and diluted 38,018,733 36,391,063 37,952,427 36,390,030  

Source