v3.8.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Sales $ 166,134 $ 1,135 $ 228,404 $ 1,002,405
Services-related parties 591,750 50,000 1,081,992 325,000
Revenues 757,884 51,135 1,310,396 1,327,405
Cost of Revenues - related party 35,498 162 113,076 460,066
Gross Profit 722,386 50,973 1,197,320 867,339
Operating Expenses        
General and administrative 466,771 258,365 1,067,843 766,964
Professional fees 100,100 70,316 256,121 186,512
Total operating expenses 566,871 328,681 1,323,964 953,476
Income from operations 155,515 (277,708) (126,644) (86,137)
Other Expenses (Income) (308) 409 (229) (2,638)
Provision for income taxes 408 (20,561) 7,247 12,517
Net Income (Loss) 155,415 (257,556) (133,661) (96,016)
Less: Net income attributable to the non-controlling interest 7,155 (4,178) 12,653 (17,516)
Net income attributable to AmericaTowne, Inc. common stockholders $ 162,570 $ (261,734) $ (121,009) $ (113,532)
Earnings per share - basic and diluted $ 0.00 $ (0.01) $ 0.00 $ 0.00
Weighted average shares outstanding- basic and diluted 37,165,014 26,833,837 30,816,291 26,510,465