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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Data (Unaudited)

16. Selected Quarterly Consolidated Financial Data (unaudited)

 

The following table sets forth the selected unaudited condensed consolidated statements of operations data for each of the four quarters of the years ended December 31, 2017 and 2016. The unaudited quarterly information has been prepared on the same basis as the annual information presented elsewhere herein and, in the Company’s opinion, includes all adjustments (consisting only of normal recurring entries) necessary for a fair statement of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future period and should be read in conjunction with the audited consolidated financial statements of the Company’s and the notes thereto included elsewhere herein.

 

    Three months ended  
    March 31,     June 30,     September 30,     December 31,  
    2017     2017     2017     2017  
Net sales   $ 612,481     $ 605,030     $ 618,337     $ 775,148  
Gross profit   $ 289,568     $ 210,405     $ 234,072     $ 242,882  
Net loss   $ (901,818 )   $ (1,289,126 )   $ (1,411,160 )   $ (1,675,813 )
Net loss available per share basic and diluted   $ (0.12 )   $ (0.40 )   $ (0.34 )   $ (0.56 )

 

 

    Three months ended  
    March 31,     June 30,     September 30,     December 31,  
    2016     2016     2016     2016  
Net sales   $ 463,747     $ 504,311     $ 607,847     $ 532,674  
Gross profit   $ 207,305     $ 236,095     $ 236,993     $ 147,569  
Net loss   $ (1,014,679 )   $ (1,309,500 )   $ (1,436,449 )   $ (1,438,991 )
Net loss available per share basic and diluted   $ (1.31 )   $ (1.38 )   $ (0.90 )   $ (0.86 )