XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues $ 13,062,373 $ 738,301 $ 2,774,241
Costs of revenue (16,627,535) (927,286) (1,802,864)
Gross profit (loss) (3,565,162) (188,985) 971,377
Service incomes 14,587 1,600,012 47,665
Service expenses (21,130) (1,234,257) (29,022)
General and administrative expenses (4,643,962) (4,089,592) (1,929,206)
Recovery gain from doubtful accounts (provision for doubtful accounts) 150,280 (8,544) (347,891)
Selling expenses (1,018,581) (2,982,447) (138,981)
Operating loss (9,083,968) (6,903,813) (1,426,058)
Financial expenses (125,127) (194,773) (174,463)
Other incomes 68,436 0 83,762
Other expenses 0 (2,586) (21,850)
Loss from warrant redemption (1,091,719) 0 0
Change in fair value of warrants liability 137,710 390,324 2,866,171
Income (loss) before provision for income tax and non-controlling interest (10,094,668) (6,710,848) 1,327,562
Provision for income tax (expense) benefit 95,026 11,978 (357,726)
Net income (loss) from continuing operations (9,999,642) (6,698,870) 969,836
Discontinued operations:      
Loss from disposal of discontinued component, net of taxes (82,579) 0 0
Loss from operations of discontinued component, net of taxes (168,574) (3,663,465) (26,003,708)
Net loss (10,250,795) (10,362,335) (25,033,872)
Less: net loss attributable to non-controlling interest (129,020) (139,205) (735,758)
Net loss attributable to Lianluo Smart Limited (10,121,775) (10,223,130) (24,298,114)
Net income (loss) from continuing operations (9,999,642) (6,698,870) 969,836
Net loss from discontinued operations (251,153) (3,663,465) (26,003,708)
Other comprehensive income (loss):      
Foreign currency translation gain (loss) (567,162) (461,548) (576,891)
Comprehensive loss (10,817,957) (10,823,883) (25,610,763)
-less comprehensive loss attributable to the non-controlling interest (230,838) (189,670) (762,777)
Comprehensive loss attributable to Lianluo Smart Limited $ (10,587,119) $ (10,634,213) $ (24,847,986)
Loss per share      
-Basic $ (0.97) $ (1.74) $ (4.41)
-Diluted $ (0.97) $ (1.73) $ (4.34)
Weighted average number of common shares used in computation      
-Basic 10,422,765 5,862,647 5,510,076
-Diluted 10,428,951 5,896,534 5,597,169