Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.19.3
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,730,000 $ 1,599,864 $ 1,730,000
Service income 15,000 15,000
Total revenue 1,745,000 1,599,864 1,745,000
Cost of sales 1,650,000 1,587,222 1,650,000
Operating expenses 2,733,350 2,594,500 6,356,161 6,180,984
Total Cost and Expenses 2,733,350 4,244,500 7,943,383 7,830,984
Loss from Operations (2,733,350) (2,499,500) (6,343,519) (6,085,984)
Non-Operating Income (Loss)        
Foreign currency exchange gain (loss) (77,047) 1,425 (528,748) 5,847
Other income (loss), net (1,386) 2 (4,711) (3,188)
Net Non-Operating Income (Loss) (78,433) 1,427 (533,459) 2,659
Loss before Income Taxes (2,811,783) (2,498,073) (6,876,978) (6,083,325)
Income Tax Expense 3,235 4,062
Net Loss (2,811,783) (2,498,073) (6,880,213) (6,087,387)
Other Comprehensive Income (Loss)        
Change in foreign currency translation adjustments 59,237 2,474 524,531 (1,208)
Total Comprehensive Loss $ (2,752,546) $ (2,495,599) $ (6,355,682) $ (6,088,595)
Net Loss Per Common Share:        
Basic $ (0.2967) $ (0.2691) $ (0.7377) $ (0.7007)
Diluted $ (0.2967) $ (0.2691) $ (0.7377) $ (0.7007)
Weighted Average Shares Outstanding - Basic 9,475,413 9,284,047 9,326,382 8,687,947
Weighted Average Shares Outstanding - Diluted 9,475,413 9,284,047 9,326,382 8,687,947