v3.19.3
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
REVENUES $ 171,003 $ 128,593 $ 269,035 $ 330,671
COST OF REVENUE 178,760 56,309 335,939 198,672
GROSS PROFIT (LOSS) (7,757) 72,284 (66,904) 131,999
OPERATING EXPENSES:        
Salaries & Benefits 644,800 524,508 1,738,716 1,349,214
Stock-Based Compensation 154,202 198,578 628,768 783,167
Operating R&D Costs 212,230 139,090 476,346 356,112
Investor & Public Relations 194,130 142,821 509,237 426,417
Legal & Professional Service Fees 116,221 185,676 519,710 502,028
Office Expenses 186,430 131,629 536,608 337,671
Depreciation & Amortization 52,636 48,013 150,222 143,587
Other Operating Expenses 40,265 30,772 117,470 102,532
Total Operating Expenses 1,600,914 1,401,087 4,677,077 4,000,728
LOSS FROM OPERATIONS (1,608,671) (1,328,803) (4,743,981) (3,868,729)
OTHER INCOME (EXPENSE)        
Interest Income 4,812 9,862 17,610 26,948
State Incentives 51,877
Exchange Rate Gain (Loss) (549) (606) (3,259) 697
Interest Expense (2,149) (1,278) (6,407) (2,688)
Other Income 5,763 5,763
Loss on Disposal of Assets (36,733)
Total Other Income (Expense) 7,877 7,978 65,584 (11,776)
LOSS BEFORE PROVISION FOR INCOME TAXES (1,600,794) (1,320,825) (4,678,397) (3,880,505)
Provision for income Taxes
Net Loss $ (1,600,794) $ (1,320,825) $ (4,678,397) $ (3,880,505)
Net Loss per Common Share - Basic and Diluted $ (0.12) $ (0.16) $ (0.43) $ (0.62)
Weighted Average Number of Shares Outstanding - Basic and Diluted 12,851,601 8,281,338 10,996,271 6,295,658

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