Income Statement

v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Total Revenues $ 2,198,401 $ 5,102,216 $ 7,896,287 $ 9,490,202
COST OF REVENUES:        
Total Cost of Revenues 1,172,942 2,773,862 4,565,585 5,428,037
GROSS PROFIT 1,025,459 2,328,354 3,330,702 4,062,165
OPERATING EXPENSES:        
Selling and marketing expenses 98,311 73,468 336,433 189,092
Salaries, wages and contract labor 1,438,608 1,072,029 4,045,689 3,153,138
Research and development 97,273 122,755 328,403 401,116
Professional fees 43,903 63,878 188,876 187,679
General and administrative expenses 479,265 359,991 1,465,918 864,969
Total Operating Expenses 2,157,360 1,692,121 6,365,319 4,795,994
INCOME (LOSS) FROM OPERATIONS (1,131,901) 636,233 (3,034,617) (733,829)
OTHER INCOME (EXPENSES):        
Interest Expense (12,783) (4,589) (19,095) (14,755)
Other income, net 615 981 4,021 3,742
Total Other Income (Expense) (12,168) (3,608) (15,074) (11,013)
NET INCOME (LOSS) (1,144,069) 632,625 (3,049,691) (744,842)
Net loss applicable to common stock $ (1,144,069) $ 632,625 $ (3,049,691) $ (744,842)
Basic Net Income (Loss) Per Share $ (0.04) $ 0.03 $ (0.13) $ (0.04)
Diluted Net Income (Loss) Per Share $ (0.04) $ 0.02 $ (0.13) $ (0.04)
Weighted Average Shares-Basic 25,442,041 20,752,450 24,016,713 20,724,153
Weighted Average Shares-Diluted 25,442,041 26,412,450 24,016,713 20,724,153
Project Revenues [Member]        
REVENUES:        
Total Revenues $ 1,921,306 $ 4,731,106 $ 6,954,062 $ 8,516,812
COST OF REVENUES:        
Total Cost of Revenues 984,805 2,684,785 4,045,448 5,079,455
Maintenance and Technical Support Revenues [Member]        
REVENUES:        
Total Revenues 229,008 371,110 701,552 881,004
COST OF REVENUES:        
Total Cost of Revenues 158,785 89,077 420,451 300,593
IT Asset Management Services Revenues [Member]        
REVENUES:        
Total Revenues 48,087 240,673 92,386
COST OF REVENUES:        
Total Cost of Revenues $ 29,352 $ 99,686 $ 47,989

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