| Sigma Labs, Inc. | |||||||||
| Condensed Statements of Operations | |||||||||
| (Unaudited) | |||||||||
| Twelve Months Ended | |||||||||
|
December 31,
2018 |
December 31,
2017 | ||||||||
| REVENUES | $ | 388,574 | $ | 641,049 | |||||
| COST OF REVENUES | 270,107 | 272,372 | |||||||
| GROSS PROFIT (Loss) | 118,467 | 368,677 | |||||||
| EXPENSES | |||||||||
| Salaries & Benefits | 2,056,584 | 1,509,672 | |||||||
| Stock-Based Compensation | 1,145,530 | 719,796 | |||||||
| Operating & R&D Costs | 493,410 | 302,043 | |||||||
| Investor & Public Relations | 633,035 | 554,990 | |||||||
| Legal & Professional Services Fees | 564,854 | 563,300 | |||||||
| Office Expense | 466,657 | 324,920 | |||||||
| Depreciation & Amortization | 192,374 | 196,943 | |||||||
| Other Operating Expenses | 134,827 | 95,989 | |||||||
| Total Expenses | 5,687,271 | 4,267,654 | |||||||
| OPERATING INCOME (LOSS) | (5,568,804 | ) | (3,898,977 | ) | |||||
| OTHER INCOME (EXPENSE) | |||||||||
| Interest Income | 35,178 | 40,107 | |||||||
| State Incentives | - | 154,568 | |||||||
| Change in fair value of derivative liabilities | - | (186,908 | ) | ||||||
| Exchange Rate Gain (Loss) | 162 | - | |||||||
| Interest Expense | (3,966 | ) | (161,852 | ) | |||||
| Loss on Disposal of Assets | (36,733 | ) | (13,161 | ) | |||||
| Debt Discount Amortization | - | (358,280 | ) | ||||||
| Total Other Income (Loss) | (5,359 | ) | (525,526 | ) | |||||
| LOSS BEFORE PROVISION FOR INCOME TAXES | (5,574,163 | ) | (4,424,503 | ) | |||||
| Provision for income Taxes | - | - | |||||||
| Net Loss | $ | (5,574,163 | ) | $ | (4,424,503 | ) | |||
| Preferred Dividends | (15,125 | ) | - | ||||||
| Net Loss applicable to Common Stockholders | $ | (5,589,288 | ) | $ | (4,424,503 | ) | |||
| Net Loss per Common Share - Basic and Diluted | $ | (0.81 | ) | $ | (1.00 | ) | |||
| Weighted Average Number of Shares | |||||||||
| Outstanding - Basic and Diluted | 6,898,047 | 4,403,479 | |||||||
Sigma Labs Announces Full Year 2018 Financial Results
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