Sigma Additive Solutions, Inc.
Condensed Statements of Operations
(Unaudited)
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Three Months Ended
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Six Months Ended
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2023 |
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2022 |
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2023 |
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2022 |
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REVENUES |
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$ |
97,043 |
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$ |
236,660 |
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$ |
227,202 |
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$ |
288,504 |
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COST OF REVENUE |
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36,491 |
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|
193,075 |
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|
100,155 |
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|
233,166 |
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GROSS PROFIT |
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60,552 |
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|
43,585 |
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|
127,047 |
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|
55,338 |
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OPERATING EXPENSES: |
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Salaries & Benefits |
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554,182 |
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1,184,818 |
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1,485,764 |
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2,476,828 |
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Stock-Based Compensation |
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|
138,489 |
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|
167,439 |
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|
363,339 |
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|
338,415 |
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Operations and R&D Costs |
|
|
105,259 |
|
|
|
146,885 |
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|
|
231,971 |
|
|
|
290,303 |
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Investor, Public Relations and Marketing |
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|
57,824 |
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|
152,300 |
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|
112,768 |
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|
|
246,626 |
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Organization Costs |
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|
38,240 |
|
|
|
60,817 |
|
|
|
89,438 |
|
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|
119,566 |
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|
Legal & Professional Service Fees |
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|
152,025 |
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|
144,528 |
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|
336,276 |
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|
355,944 |
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Office Expenses |
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|
94,190 |
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|
303,600 |
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|
248,689 |
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|
509,032 |
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Depreciation & Amortization |
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|
21,470 |
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|
29,861 |
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|
49,597 |
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|
61,445 |
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Other Operating Expenses |
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|
202,892 |
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|
89,177 |
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|
294,873 |
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|
176,964 |
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Total Operating Expenses |
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1,364,571 |
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2,279,425 |
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3,212,715 |
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4,575,123 |
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LOSS FROM OPERATIONS |
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(1,304,019 |
) |
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(2,235,840 |
) |
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(3,085,668 |
) |
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(4,519,785 |
) |
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OTHER INCOME (EXPENSE) |
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Interest Income |
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|
9 |
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|
1,176 |
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|
17 |
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|
2,747 |
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State Incentives |
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- |
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- |
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- |
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|
76,628 |
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Exchange Rate Gain (Loss) |
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|
(849 |
) |
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(10,436 |
) |
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(3,352 |
) |
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(10,766 |
) |
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Interest Expense |
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|
(3,235 |
) |
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|
(2,070 |
) |
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(6,471 |
) |
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(3,389 |
) |
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Other Income |
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- |
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- |
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35,680 |
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- |
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Total Other Income (Expense) |
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|
(4,075 |
) |
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(11,330 |
) |
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|
25,874 |
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|
65,220 |
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LOSS BEFORE PROVISION FOR INCOME TAXES |
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(1,308,094 |
) |
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(2,247,170 |
) |
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(3,059,794 |
) |
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(4,454,565 |
) |
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Provision for income Taxes |
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|
- |
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- |
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- |
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- |
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Net Loss |
|
$ |
(1,308,094 |
) |
|
$ |
(2,247,170 |
) |
|
$ |
(3,059,794 |
) |
|
$ |
(4,454,565 |
) |
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Preferred Dividends |
|
|
(10,688 |
) |
|
|
(14,220 |
) |
|
|
(22,435 |
) |
|
|
(28,440 |
) |
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Net Loss Applicable to Common Stockholders |
|
$ |
(1,318,782 |
) |
|
$ |
(2,261,390 |
) |
|
$ |
(3,082,229 |
) |
|
$ |
(4,483,005 |
) |
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Net Loss per Common Share – Basic and Diluted |
|
$ |
(0.12 |
) |
|
$ |
(0.22 |
) |
|
$ |
(0.29 |
) |
|
$ |
(0.43 |
) |
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Weighted Average Number of Shares Outstanding – Basic and Diluted |
|
|
10,772,713 |
|
|
|
10,498,802 |
|
|
|
10,731,922 |
|
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|
10,498,802 |
|
