Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Total Revenues $ 3,240,056 $ 1,162,504 $ 4,387,985 $ 2,198,234
COST OF REVENUES:        
Total Cost of Revenues 1,982,815 585,502 2,654,175 1,216,889
GROSS PROFIT 1,257,241 577,002 1,733,810 981,345
OPERATING EXPENSES:        
Selling and marketing expenses 74,403 50,182 115,624 118,929
Salaries, wages and contract labor 1,315,240 840,286 2,081,111 1,575,887
Research and development 143,081 72,380 278,361 159,998
Professional fees 59,937 84,580 123,801 204,733
General and administrative expenses 295,141 310,220 504,976 558,208
Total Operating Expenses 1,887,802 1,357,648 3,103,873 2,617,755
LOSS FROM OPERATIONS (630,561) (780,646) (1,370,063) (1,636,410)
OTHER INCOME (EXPENSES):        
Interest expense (4,438) (832,689) (10,166) (1,754,004)
Gain on settlement of debt 64,647
Warrant derivative gain (loss) 295,061 (287,327)
Other income, net 636 2,762 1
Total Other Income (Expense) (3,802) (537,628) (7,404) (1,976,683)
NET LOSS (634,363) (1,318,274) (1,377,467) (3,613,093)
Series A preferred stock dividends (5,920) (11,840)
Net loss applicable to common stock $ (634,363) $ (1,324,194) $ (1,377,467) $ (3,624,933)
NET LOSS APPLICABLE TO COMMON STOCK PER COMMON SHARE:        
Basic & Diluted $ (0.03) $ (0.70) $ (0.07) $ (1.91)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic & Diluted 20,707,153 1,894,923 20,706,712 1,894,549
Project Revenues [Member]        
REVENUES:        
Total Revenues $ 2,940,992 $ 591,119 $ 3,785,706 $ 951,606
COST OF REVENUES:        
Total Cost of Revenues 1,846,871 375,729 2,394,670 721,856
Maintenance and Technical Support Revenues [Member]        
REVENUES:        
Total Revenues 252,447 310,974 509,893 626,301
COST OF REVENUES:        
Total Cost of Revenues 108,193 87,592 211,516 234,994
IT Asset Management Services Revenues [Member]        
REVENUES:        
Total Revenues 46,617 260,411 92,386 620,327
COST OF REVENUES:        
Total Cost of Revenues $ 27,751 $ 122,181 $ 47,989 $ 260,039