Post-effective amendment to a registration statement that is not immediately effective upon filing

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
REVENUES:            
Total Revenues $ 1,982,142 $ 1,345,805 $ 2,973,087 $ 5,697,886 $ 13,641,315 $ 12,048,619
COST OF REVENUES:            
Total Cost of Revenues 1,242,767 1,171,405 2,130,847 3,392,642 7,159,877 6,844,396
GROSS PROFIT 739,375 174,400 842,240 2,305,244 6,481,438 5,204,223
OPERATING EXPENSES:            
Selling and marketing expenses         421,535 289,140
Salaries, wages and contract labor         5,570,140 4,299,799
Research and development 149,566 487,738 555,958 871,160 431,425 488,694
Engineering 352,970 289,986 665,406 624,549    
Sales & marketing 122,473 270,196 262,325 520,620    
Administration 1,023,947 872,972 2,039,498 1,807,645    
AI technologies 517,475 202,673 834,024 383,986    
Professional Fees         252,825 245,033
General and administrative expenses         2,212,035 1,451,461
Total Operating Expenses 2,166,431 2,123,565 4,357,211 4,207,960 8,887,960 6,774,127
LOSS FROM OPERATIONS (1,427,056) (1,949,165) (3,514,971) (1,902,716) (2,406,522) (1,569,904)
OTHER INCOME (EXPENSES):            
Interest expense (58,243) (3,692) (127,175) (6,313) (69,322) (17,180)
Other income, net 19,410 3,066 29,208 3,407 4,962 6,197
Total Other Income (Expense) (38,833) (626) (97,967) (2,906) (64,360) (10,983)
NET LOSS $ (1,465,889) $ (1,949,791) $ (3,612,938) $ (1,905,622) $ (2,470,882) $ (1,580,887)
Basic & Diluted Net Loss Per Share $ (0.42) $ (1.09) $ (1.16) $ (1.14) $ (1.39) $ (1.06)
Weighted Average Shares-Basic and Diluted 3,526,382 1,788,659 3,106,660 1,665,439 1,781,704 1,485,438
Project Revenues [Member]            
REVENUES:            
Total Revenues $ 1,419,409 $ 984,991 $ 1,933,083 $ 4,903,429 $ 11,963,438 $ 10,753,926
COST OF REVENUES:            
Total Cost of Revenues 897,514 967,649 1,479,058 3,060,643 6,510,658 6,373,684
Maintenance and Technical Support Revenues [Member]            
REVENUES:            
Total Revenues 382,124 280,601 727,311 602,075 1,377,459 1,170,215
COST OF REVENUES:            
Total Cost of Revenues 234,754 156,341 469,030 261,665 528,966 409,316
IT Asset Management Services Revenues [Member]            
REVENUES:            
Total Revenues 2,385 80,213 134,469 192,382 300,418 124,478
COST OF REVENUES:            
Total Cost of Revenues 47,415 72,260 70,334 $ 120,253 $ 61,396
AI technologies [Member]            
REVENUES:            
Total Revenues 178,224 178,224    
COST OF REVENUES:            
Total Cost of Revenues $ 110,499 $ 110,499