XML 17 R5.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Sept 2020 Note) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total Revenue $ 8,359,422 $ 5,583,064 $ 16,625,688 $ 17,056,737
Cost of revenue 6,654,134 3,650,965 12,613,461 11,529,448
Gross profit 1,705,288 1,932,099 4,012,227 5,527,289
Operating expenses        
Marketing 42,749 263,948 236,093 914,563
General and administrative 1,411,821 2,383,920 4,874,383 6,892,623
General and administrative - amortization of broker issuing costs and broker warrants associated with convertible debentures 0 167,834 0 167,834
Stock-based Compensation 399,258 509,219 1,391,807 1,606,355
Total operating expenses 1,853,828 3,324,921 6,502,283 9,581,375
Loss from operations (148,540) (1,392,822) (2,490,056) (4,054,086)
Non-operating income (expenses):        
Interest expense (393,158) (125,733) (1,057,501) (374,850)
Interest expense - amortization of convertible debentures 0 (796,233) 0 (796,233)
Contingent consideration (155,000) 0 (155,000) 0
Impairment of investment 0 (506,000) (310,000) (506,000)
Other income 2,417 11,258 52,675 11,765
Total other non-operating income (expenses), net (545,741) (1,416,708) (1,469,826) (1,665,318)
Income (loss) before income taxes (694,281) (2,809,530) (3,959,882) (5,719,404)
Income tax expense (benefit) 0 0 0 0
Net income (loss) (694,281) (2,809,530) (3,959,882) (5,719,404)
Comprehensive income (loss) $ (694,281) $ (2,809,530) $ (3,959,882) $ (5,719,404)
Earnings (loss) per share        
Net loss per share - basic and diluted $ (0.02) $ (0.11) $ (0.14) $ (0.22)
Weighted average outstanding shares 28,888,194 26,175,098 28,706,905 25,772,134
Product Sales [Member]        
Revenue        
Total Revenue $ 7,910,540 $ 4,633,974 $ 15,135,472 $ 14,469,616
Services [Member]        
Revenue        
Total Revenue $ 448,882 $ 949,090 $ 1,490,216 $ 2,587,121