Income Statement

v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Total Revenues $ 5,102,216 $ 1,045,735 $ 9,490,202 $ 3,243,969
COST OF REVENUES:        
Total Cost of Revenues 2,773,862 658,391 5,428,037 1,875,280
GROSS PROFIT 2,328,354 387,344 4,062,165 1,368,689
OPERATING EXPENSES:        
Selling and marketing expenses 73,468 27,104 189,092 146,031
Salaries, wages and contract labor 1,072,029 784,012 3,153,138 2,359,899
Research and development 122,755 65,984 401,116 225,982
Professional fees 63,878 87,366 187,679 292,099
General and administrative expenses 359,991 210,398 864,969 768,606
Total Operating Expenses 1,692,121 1,174,864 4,795,994 3,792,617
INCOME (LOSS) FROM OPERATIONS 636,233 (787,520) (733,829) (2,423,928)
OTHER INCOME (EXPENSES):        
Interest expense (4,589) (1,525,894) (14,755) (3,279,898)
Gain on settlement of debt 64,647
Warrant derivative gain 2,188,546 1,901,219
Other income, net 981 3,742 1
Total Other Income (Expense) (3,608) 662,652 (11,013) (1,314,031)
NET INCOME (LOSS) 632,625 (124,868) (744,842) (3,737,959)
Series A preferred stock dividends (5,920) (17,760)
Net income (loss) applicable to common stock $ 632,625 $ (130,788) $ (744,842) $ (3,755,719)
Basic Net Income (Loss) Per Share $ 0.03 $ (0.07) $ (0.04) $ (1.98)
Diluted Net Income (Loss) Per Share $ 0.02 $ (0.07) $ (0.04) $ (1.98)
Weighted Average Shares-Basic 20,752,450 1,899,716 20,724,153 1,896,578
Weighted Average Shares-Diluted 26,412,450 1,899,716 20,724,153 1,896,578
Project Revenues [Member]        
REVENUES:        
Total Revenues $ 4,731,106 $ 561,022 $ 8,516,812 $ 1,512,628
COST OF REVENUES:        
Total Cost of Revenues 2,684,785 458,337 5,079,455 1,180,193
Maintenance and Technical Support Revenues [Member]        
REVENUES:        
Total Revenues 371,110 288,137 881,004 914,438
COST OF REVENUES:        
Total Cost of Revenues 89,077 131,363 300,593 366,357
IT Asset Management Services Revenues [Member]        
REVENUES:        
Total Revenues 196,576 92,386 816,903
COST OF REVENUES:        
Total Cost of Revenues $ 68,691 $ 47,989 $ 328,730

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