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
Mar. 31, 2018
Mar. 31, 2017
REVENUES:    
Total Revenues $ 1,147,930 $ 1,035,730
COST OF REVENUES:    
Total Cost of Revenues 671,359 631,388
GROSS PROFIT 476,571 404,342
OPERATING EXPENSES:    
Selling and marketing expenses 41,221 68,747
Salaries, wages and contract labor 765,870 735,602
Research and development 135,280 87,617
Professional fees 63,865 120,153
General and administrative expenses 209,837 247,988
Total Operating Expenses 1,216,073 1,260,107
LOSS FROM OPERATIONS (739,502) (855,765)
OTHER INCOME (EXPENSES):    
Interest expense (5,728) (921,314)
Gain on settlement of debt 64,647
Warrant derivative gain (loss) (582,388)
Other income, net 2,126 1
Total Other Income (Expense) (3,602) (1,439,054)
NET LOSS (743,104) (2,294,819)
Series A preferred stock dividends (5,920)
Net loss applicable to common stock $ (743,104) $ (2,300,739)
NET LOSS APPLICABLE TO COMMON STOCK PER COMMON SHARE:    
Basic & Diluted $ (0.04) $ (1.21)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic & Diluted 20,709,478 1,894,171
Project Revenues [Member]    
REVENUES:    
Total Revenues $ 844,714 $ 360,487
COST OF REVENUES:    
Total Cost of Revenues 547,799 346,128
Maintenance and Technical Support Revenues [Member]    
REVENUES:    
Total Revenues 257,447 315,327
COST OF REVENUES:    
Total Cost of Revenues 103,323 147,402
IT Asset Management Services Revenues [Member]    
REVENUES:    
Total Revenues 45,769 359,916
COST OF REVENUES:    
Total Cost of Revenues $ 20,237 $ 137,858