v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Revenues          
Revenues $ 4,561,368 $ 2,083,987 $ 9,620,935 $ 6,436,072  
Cost of revenues 1,021,285 786,385 2,570,804 1,943,534  
Gross profit 3,540,083 1,297,602 7,050,131 4,492,538  
Operating expenses          
General and administrative 857,095 652,762 2,876,029 2,516,249  
Sales and marketing 792,678 836,767 3,046,521 2,673,087  
Engineering, research, and development 1,683,738 1,177,318 3,637,996 3,080,037  
Depreciation and amortization 87,526 105,510 283,224 273,716  
Total operating expenses 3,421,037 2,772,357 9,843,770 8,543,089  
Income (loss) from operations 119,046 (1,474,755) (2,793,639) (4,050,551)  
Other income/(expense)          
Interest income 279 962 881 2,878  
Interest expense (25,913) (62,748) (193,036) (115,363)  
Gain on sale of fixed assets     (8,722)    
Foreign currency (loss) gain (2,106) (931) (3,726) (4,120)  
Total other income/(expense) (27,740) (62,717) (204,603) (116,605)  
Income (loss) before income taxes 91,306 (1,537,472) (2,998,242) (4,167,156)  
Income tax expense  
Net Income (loss) 91,306 (1,537,472) (2,998,242) (4,167,156) $ (5,946,012)
Other comprehensive income (loss), net of income tax          
Foreign currency translation adjustments 38,179 (20,294) 18,918 (36,158) $ (32,765)
Comprehensive income (loss) $ 129,485 $ (1,557,766) $ (2,979,324) $ (4,203,314)  
Net income (loss) per share:          
Basic $ 0.00 $ (0.04) $ (0.07) $ (0.11)  
Diluted $ 0.00 $ (0.04) $ (0.07) $ (0.11)  
Weighted average number of shares:          
Basic 45,719,664 36,683,122 41,325,443 36,488,448  
Diluted 53,394,242 36,683,122 41,325,443 36,488,448  

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