Sigma Additive Solutions, Inc.
Condensed Statements of Operations
(Unaudited)
|
|
|
Three Months Ended
|
|
|||||
|
|
|
2023 |
|
|
2022 |
|
||
|
|
|
|
|
|
|
|
||
|
REVENUES |
|
$ |
130,159 |
|
|
$ |
51,844 |
|
|
|
|
|
|
|
|
|
|
|
|
COST OF REVENUE |
|
|
63,664 |
|
|
|
40,091 |
|
|
|
|
|
|
|
|
|
|
|
|
GROSS PROFIT |
|
|
66,495 |
|
|
|
11,753 |
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
|
|
|
|
|
Salaries & Benefits |
|
|
931,583 |
|
|
|
1,292,010 |
|
|
Stock-Based Compensation |
|
|
224,850 |
|
|
|
170,976 |
|
|
Operations and R&D Costs |
|
|
126,712 |
|
|
|
143,418 |
|
|
Investor, Public Relations and Marketing |
|
|
54,944 |
|
|
|
94,326 |
|
|
Organization Costs |
|
|
51,198 |
|
|
|
58,749 |
|
|
Legal & Professional Service Fees |
|
|
184,251 |
|
|
|
211,416 |
|
|
Office Expenses |
|
|
154,499 |
|
|
|
205,432 |
|
|
Depreciation & Amortization |
|
|
28,127 |
|
|
|
31,584 |
|
|
Other Operating Expenses |
|
|
91,980 |
|
|
|
87,787 |
|
|
Total Operating Expenses |
|
|
1,848,144 |
|
|
|
2,295,698 |
|
|
|
|
|
|
|
|
|
|
|
|
LOSS FROM OPERATIONS |
|
|
(1,781,649 |
) |
|
|
(2,283,945 |
) |
|
|
|
|
|
|
|
|
|
|
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
Interest Income |
|
|
8 |
|
|
|
1,571 |
|
|
State Incentives |
|
|
- |
|
|
|
76,628 |
|
|
Exchange Rate Loss |
|
|
(2,503 |
) |
|
|
(330 |
) |
|
Interest Expense |
|
|
(3,235 |
) |
|
|
(1,319 |
) |
|
Other Income |
|
|
35,680 |
|
|
- |
||
|
Total Other Income |
|
|
29,950 |
|
|
|
76,550 |
|
|
|
|
|
|
|
|
|
|
|
|
LOSS BEFORE PROVISION FOR INCOME TAXES |
|
|
(1,751,699 |
) |
|
|
(2,207,395 |
) |
|
|
|
|
|
|
|
|
|
|
|
Provision for income Taxes |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(1,751,699 |
) |
|
$ |
(2,207,395 |
) |
|
|
|
|
|
|
|
|
|
|
|
Preferred Dividends |
|
|
(11,748 |
) |
|
|
(14,220 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Loss Applicable to Common Stockholders |
|
$ |
(1,763,447 |
) |
|
$ |
(2,221,615 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net Loss per Common Share – Basic and Diluted |
|
$ |
(0.17 |
) |
|
$ |
(0.21 |
) |
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Number of Shares Outstanding – Basic and Diluted |
|
|
10,690,677 |
|
|
|
10,498,802 |
|
