v3.19.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
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

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