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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue $ 4,918,118 $ 6,435,278 $ 8,395,378 $ 15,589,111
Cost of revenue 4,425,279 5,319,060 8,290,280 10,711,979
Gross profit 492,839 1,116,218 105,098 4,877,132
Operating expenses        
Research and development 176,920 128,117 341,000 224,923
Selling and shipping 227,117 399,249 504,424 912,724
General and administrative 1,632,022 1,968,465 3,368,110 4,208,530
Total operating expenses 2,036,059 2,495,831 4,213,534 5,346,177
Operating loss (1,543,220) (1,379,613) (4,108,436) (469,045)
Other income (expense):        
Interest income 42,063 29,314 88,869 46,274
Interest expense (126,270) (119,279) (240,806) (240,633)
Total other expense, net (84,207) (89,965) (151,937) (194,359)
Loss before income tax (1,627,427) (1,469,578) (4,260,373) (663,404)
Income tax (benefit) expense (234,697) (139,052) (690,697) 108,718
Net loss $ (1,392,730) $ (1,330,526) $ (3,569,676) $ (772,122)
Basic loss per common share (in dollars per share) $ (0.21) $ (0.21) $ (0.55) $ (0.12)
Diluted loss per common share (in dollars per share) $ (0.21) $ (0.21) $ (0.55) $ (0.12)
Weighted average common shares Outstanding-basic (in shares) 6,555,150 6,486,067 6,547,035 6,476,712
Weighted average common shares Outstanding-diluted (in shares) 6,555,150 6,486,067 6,547,035 6,476,712