Income Statement

v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Total Revenues $ 4,352,081 $ 1,147,930
COST OF REVENUES:    
Total Cost of Revenues 2,221,237 671,359
GROSS PROFIT 2,130,844 476,571
OPERATING EXPENSES:    
Selling and marketing expenses 109,616 41,221
Salaries, wages and contract labor 1,268,779 765,870
Research and development 112,694 135,280
Professional fees 127,919 63,865
General and administrative expenses 465,386 209,837
Total Operating Expenses 2,084,394 1,216,073
INCOME (LOSS) FROM OPERATIONS 46,450 (739,502)
OTHER INCOME (EXPENSES):    
Interest Expense (2,621) (5,728)
Gain on settlement of debt
Warrant derivative gain
Other income, net 340 2,126
Total Other Income (Expense) (2,281) (3,602)
NET INCOME (LOSS) 44,169 (743,104)
Series A preferred stock dividends
Net income (loss) applicable to common stock $ 44,169 $ (743,104)
Basic Net Income (Loss) Per Share $ 0.002 $ (0.04)
Diluted Net Income (Loss) Per Share $ 0.001 $ (0.04)
Weighted Average Shares-Basic 21,671,240 20,709,478
Weighted Average Shares-Diluted 48,802,471 20,709,478
Project Revenues [Member]    
REVENUES:    
Total Revenues $ 3,918,438 $ 844,714
COST OF REVENUES:    
Total Cost of Revenues 2,092,994 547,799
Maintenance and Technical Support Revenues [Member]    
REVENUES:    
Total Revenues 321,474 257,447
COST OF REVENUES:    
Total Cost of Revenues 105,324 103,323
IT Asset Management Services Revenues [Member]    
REVENUES:    
Total Revenues 112,169 45,769
COST OF REVENUES:    
Total Cost of Revenues $ 22,919 $ 20,237

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