XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue $ 3,468,675 $ 9,153,833
Cost of revenue 3,856,417 5,392,919
Gross profit (387,742) 3,760,914
Operating expenses    
Research and development 164,080 96,806
Selling and shipping 277,306 513,475
General and administrative 1,735,974 2,240,065
Total operating expenses 2,177,360 2,850,346
Operating (loss) income (2,565,102) 910,568
Other income (expense):    
Interest income 46,806 16,960
Interest expense (114,651) (121,354)
Total other expense, net (67,845) (104,394)
(Loss) income before income tax (2,632,947) 806,174
Income tax (benefit) expense (456,000) 247,770
Net (loss) income $ (2,176,947) $ 558,404
Basic income (loss) per common share (in dollars per share) $ (0.33) $ 0.09
Diluted income (loss) per common share (in dollars per share) $ (0.33) $ 0.09
Weighted average common shares Outstanding-basic (in shares) 6,539,120 6,467,252
Weighted average common shares Outstanding-diluted (in shares) 6,539,120 6,477,699