v3.19.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 2,416,617 $ 3,693,328
Cost of revenues 1,171,909 793,389
Gross profit 1,244,708 2,899,939
Operating expenses    
General and administrative 1,323,935 1,248,343
Sales and marketing 838,567 1,461,580
Engineering, research, and development 577,733 1,531,598
Depreciation and amortization 284,094 96,970
Total operating expenses 3,024,329 4,338,491
Income (loss) from operations (1,779,621) (1,438,552)
Other income/(expense)    
Interest income 17 456
Interest expense (41,905) (57,489)
Gain on sale of fixed assets 0 (8,722)
Foreign currency (loss) gain (138) 330
Total other income/(expense) (42,026) (65,425)
Income (loss) before income taxes (1,821,647) (1,503,977)
Income tax expense 0 0
Net Income (loss) (1,821,647) (1,503,977)
Other comprehensive income (loss), net of income tax    
Foreign currency translation adjustments (28,449) (12,615)
Comprehensive income (loss) $ (1,850,096) $ (1,516,592)
Net income (loss) per share:    
Basic $ (0.04) $ (0.04)
Weighted average number of shares:    
Basic 45,998,053 38,018,733

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