Income Statement

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Total Net Revenues $ 8,431,979 $ 8,282,569
Total Cost of Sales 4,662,086 4,437,231
Gross Profit 3,769,893 3,845,338
Operating Expenses:    
Research and development 1,879,676 1,770,597
Selling, general and administrative 4,843,859 5,512,925
Depreciation and amortization 67,107 51,229
Total Operating Expenses 6,790,642 7,334,751
Operating Loss (3,020,749) (3,489,413)
Other Income:    
Interest income 13,622 2,434
Total Other Income 13,622 2,434
Loss from Continuing Operations before Provision for Income Taxes (3,007,127) (3,486,979)
Provision for Income Taxes 9,623 9,762
Net loss from continuing operations (3,016,750) (3,496,741)
Discontinued Operations:    
Gain from sale of discontinued operations (net of tax) 0 6,630,244
Income from Discontinued Operations (Net of Tax) 0 612,875
Net income (loss) attributable to common stockholders $ (3,016,750) $ 3,746,378
Net income (loss) per common share:    
Basic - continuing operations $ (0.02) $ (0.03)
Basic - discontinued operations 0.00 0.05
Basic - net income (loss) attributable to common stockholders (0.02) 0.03
Diluted - continuing operations (0.02) (0.03)
Diluted - discontinued operations 0.00 0.05
Diluted - net income (loss) attributable to common stockholders $ (0.02) $ 0.03
Weighted Average Common Shares Outstanding used in computing basic net loss per share 134,055,098 133,116,491
Weighted Average Common Shares Outstanding used in computing diluted net loss per share 134,055,098 133,116,491
Product [Member]    
Total Net Revenues $ 7,616,415 $ 7,798,680
Total Cost of Sales 4,392,643 4,261,100
Recurring Income [Member]    
Total Net Revenues 815,564 483,889
Total Cost of Sales $ 269,443 $ 176,131

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