(Unaudited)
|
Three Months Ended
June 30, |
Six Months Ended
June 30, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| REVENUES | $ | 98,663 | $ | 290,553 | $ | 202,078 | $ | 405,076 | |||||||
| COST OF REVENUE | 68,568 | 111,412 | 142,363 | 185,946 | |||||||||||
| GROSS PROFIT | 30,095 | 179,141 | 59,715 | 219,130 | |||||||||||
| OPERATING EXPENSES: | |||||||||||||||
| Salaries & Benefits | 426,049 | 346,994 | 824,706 | 785,204 | |||||||||||
| Stock-Based Compensation | 423,067 | 166,773 | 584,589 | 306,405 | |||||||||||
| Operating R&D Costs | 95,045 | 131,908 | 217,022 | 186,413 | |||||||||||
| Investor & Public Relations | 103,197 | 131,780 | 283,596 | 243,913 | |||||||||||
| Legal & Professional Service Fees | 177,929 | 189,856 | 316,352 | 289,494 | |||||||||||
| Office Expenses | 110,936 | 64,739 | 206,042 | 148,944 | |||||||||||
| Depreciation & Amortization | 48,253 | 45,503 | 95,574 | 91,651 | |||||||||||
| Other Operating Expenses | 38,035 | 30,681 | 71,760 | 62,692 | |||||||||||
| Total Operating Expenses | 1,422,511 | 1,108,234 | 2,599,641 | 2,114,717 | |||||||||||
| LOSS FROM OPERATIONS | (1,392,416 | ) | (929,093 | ) | (2,539,926 | ) | (1,895,587 | ) | |||||||
| OTHER INCOME (EXPENSE) | |||||||||||||||
| Interest Income | 3,719 | 12,598 | 17,086 | 12,941 | |||||||||||
| State Incentives | - | - | - | 152,068 | |||||||||||
| Change in fair value of derivative liabilities | - | - | - | 93,206 | |||||||||||
| Exchange Rate Gain | 1,304 | - | 1,304 | - | |||||||||||
| Interest Expense | (1,411 | ) | (49,862 | ) | (1,411 | ) | (99,178 | ) | |||||||
| Debt discount amortization | - | (22,382 | ) | (36,733 | ) | (22,382 | ) | ||||||||
| Loss on Disposal of Assets | - | - | (56,441 | ) | |||||||||||
| Total Other Income (Expense) | 3,612 | (59,646 | ) | (19,754 | ) | 80,214 | |||||||||
| LOSS BEFORE PROVISION FOR INCOME TAXES | (1,388,804 | ) | (988,741 | ) | (2,559,680 | ) | (1,815,373 | ) | |||||||
| Provision for income Taxes | - | - | - | - | |||||||||||
| Net Loss | $ | (1,388,804 | ) | $ | (988,741 | ) | $ | (2,559,680 | ) | $ | (1,815,373 | ) | |||
| Net Loss per Common Share – Basic and Diluted | $ | (0.25 | ) | $ | (0.22 | ) | $ | (0.48 | ) | $ | (0.43 | ) | |||
| Weighted Average Number of Shares Outstanding – Basic and Diluted | 5,572,015 | 4,570,199 | 5,286,362 | 4,207,116 | |||||||||||
Sigma Labs, Inc.
