Income Statement

v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Total Revenues $ 990,945 $ 4,352,081
COST OF REVENUES:    
Total Cost of Revenues 888,080 2,221,237
GROSS PROFIT 102,865 2,130,844
OPERATING EXPENSES:    
Sales and marketing 139,852 250,425
Engineering 312,428 465,907
Research and development 406,392 383,421
Administration 1,015,559 803,327
AI technologies 316,549 181,314
Total Operating Expenses 2,190,780 2,084,394
PROFIT (LOSS) FROM OPERATIONS (2,087,915) 46,450
OTHER INCOME (EXPENSES):    
Interest Expense (68,932) (2,621)
Other income, net 9,798 340
Total Other Income (Expense) (59,134) (2,281)
NET PROFIT (LOSS) $ (2,147,049) $ 44,169
Basic Net Profit (Loss) Per Share $ (0.80) $ 0.03
Diluted Net Profit (Loss) Per Share $ (0.80) $ 0.01
Weighted Average Shares-Basic 2,687,482 1,547,946
Weighted Average Shares-Diluted 2,687,482 3,485,891
Technology Systems [Member]    
REVENUES:    
Total Revenues $ 513,674 $ 3,918,438
COST OF REVENUES:    
Total Cost of Revenues 581,544 2,092,994
Technical Support [Member]    
REVENUES:    
Total Revenues 345,187 321,474
COST OF REVENUES:    
Total Cost of Revenues 234,276 105,324
Consulting Services [Member]    
REVENUES:    
Total Revenues 132,084 112,169
COST OF REVENUES:    
Total Cost of Revenues $ 72,260 $ 22,919

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