XML 30 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Total revenues, net $ 12,468,578 $ 8,324,129
Cost of revenues 3,270,596 1,996,222
Gross Profit 9,197,982 6,327,907
Operating expenses    
Selling & marketing expenses 8,170,929 5,079,091
General and administrative expenses 2,398,751 2,288,580
Other operating expenses 724,270 516,979
Customer service expenses 570,763 378,856
Development Costs 222,877 120,541
Total operating expenses 12,087,590 8,384,047
Operating Loss (2,889,608) (2,056,140)
Interest (expense), net (761,150) (354,388)
Loss from continuing operations before provision for income taxes (3,650,758) (2,410,528)
Income taxes (Benefit) (122,500) (124,700)
Income from discontinued operations, including gain on sale, net of income taxes 925,738
Net Income (Loss) (3,528,258) (1,360,090)
Net (loss) income attributable to noncontrolling interests (391,055) (119,262)
Net Income (loss) attributable to Conversion Labs, Inc. $ (3,137,203) $ (1,240,828)
Basic loss per share attributable to Conversion Labs, Inc. from continuing operation $ (0.07) $ (0.05)
Basic income per share attributable to Conversion Labs, Inc. from discontinued operation 0.02
Diluted loss per share attributable to Conversion Labs, Inc. from continuing operation (0.07) (0.05)
Diluted income per share attributable to Conversion Labs, Inc. from discontinued operation $ 0.02
Weighted Average number of common shares outstanding    
Basic 49,488,725.25 44,187,375.00
Diluted 49,488,725.25 44,187,375.00
Product Revenues, Net [Member]    
Total revenues, net $ 9,919,506 $ 8,044,416
Cost of revenues 2,643,281 1,974,781
Software Revenues, Net [Member]    
Total revenues, net 2,539,129 277,713
Cost of revenues 627,315 21,441
Service Revenues, Net [Member]    
Total revenues, net $ 9,943 $ 2,000