(Unaudited)
|
Three Months Ended
June 3 0, |
Six Months Ended
June 30, | ||||||||||||||
| 2019 | 2018 | 2019 | 2018 | ||||||||||||
| REVENUES | $ | 33,582 | $ | 98,663 | $ | 98,032 | $ | 202,078 | |||||||
| COST OF REVENUE | 60,625 | 68,568 | 157,180 | 142,363 | |||||||||||
| GROSS PROFIT | (27,043 | ) | 30,095 | (59,148 | ) | 59,715 | |||||||||
| OPERATING EXPENSES: | |||||||||||||||
| Salaries & Benefits | 581,356 | 426,049 | 1,093,916 | 824,706 | |||||||||||
| Stock-Based Compensation | 220,360 | 423,067 | 474,566 | 584,589 | |||||||||||
| Operating R&D Costs | 118,845 | 95,045 | 264,117 | 217,022 | |||||||||||
| Investor & Public Relations | 157,318 | 103,197 | 315,107 | 283,596 | |||||||||||
| Legal & Professional Service Fees | 218,919 | 177,929 | 403,489 | 316,352 | |||||||||||
| Office Expenses | 184,068 | 110,936 | 350,178 | 206,042 | |||||||||||
| Depreciation & Amortization | 49,203 | 48,253 | 97,586 | 95,574 | |||||||||||
| Other Operating Expenses | 38,994 | 38,035 | 77,203 | 71,760 | |||||||||||
| Total Operating Expenses | 1,569,064 | 1,422,511 | 3,076,162 | 2,599,641 | |||||||||||
| LOSS FROM OPERATIONS | (1,596,107 | ) | (1,392,416 | ) | (3,135,310 | ) | (2,539,926 | ) | |||||||
| OTHER INCOME (EXPENSE) | |||||||||||||||
| Interest Income | 7,016 | 3,719 | 12,798 | 17,086 | |||||||||||
| State Incentives | - | - | 51,877 | - | |||||||||||
| Exchange Rate Gain (Loss) | (2,264 | ) | 1,304 | (2,710 | ) | 1,304 | |||||||||
| Interest Expense | (2,136 | ) | (1,411 | ) | (4,258 | ) | (1,411 | ) | |||||||
| Loss on Disposal of Assets | - | - | - | (36,733 | ) | ||||||||||
| Total Other Income (Expense) | 2,616 | 3,612 | 57,707 | (19,754 | ) | ||||||||||
| LOSS BEFORE PROVISION FOR INCOME TAXES | (1,593,491 | ) | (1,388,804 | ) | (3,077,603 | ) | (2,559,680 | ) | |||||||
| Provision for income Taxes | - | - | - | - | |||||||||||
| Net Loss | $ | (1,593,491 | ) | $ | (1,388,804 | ) | $ | (3,077,603 | ) | $ | (2,559,680 | ) | |||
| Net Loss per Common Share – Basic and Diluted | $ | (0.15 | ) | $ | (0.25 | ) | $ | (0.31 | ) | $ | (0.48 | ) | |||
| Weighted Average Number of Shares Outstanding – Basic and Diluted | 10,777,590 | 5,572,015 | 10,063,806 | 5,286,362 | |||||||||||
Sigma Labs, Inc.
