v3.19.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 1,599,864 $ 1,599,864
Cost of sales 1,587,222 1,587,222
Gross profit 12,642 12,642
Operating expenses 1,574,522 2,135,585 3,622,811 3,586,484
Loss from Operations (1,561,880) (2,135,585) (3,610,169) (3,586,484)
Non-Operating Income (Loss)        
Foreign currency exchange gain (loss) (120,504) 7,444 (451,701) 4,422
Other loss, net (3,052) (1,990) (3,325) (3,190)
Net Non-Operating Income (Loss) (123,556) 5,454 (455,026) 1,232
Loss before Income Taxes (1,685,436) (2,130,131) (4,065,195) (3,585,252)
Income Tax Expense 3,235 4,062
Net Loss (1,685,436) (2,130,131) (4,068,430) (3,589,314)
Other Comprehensive Income (Loss)        
Change in foreign currency translation adjustments 121,698 (6,616) 465,294 (3,682)
Total Comprehensive Loss $ (1,563,738) $ (2,136,747) $ (3,603,136) $ (3,592,996)
Net Loss Per Common Share:        
Basic $ (0.1821) $ (0.2513) $ (0.4398) $ (0.4281)
Diluted $ (0.1821) $ (0.2513) $ (0.4398) $ (0.4281)
Weighted Average Shares Outstanding - Basic 9,253,953 8,476,857 9,250,631 8,384,956
Weighted Average Shares Outstanding - Diluted 9,253,953 8,476,857 9,250,631 8,384,956

Source