Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.5.0.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
INCOME        
Services $ 189,951 $ 266,566 $ 642,230 $ 648,515
Total Revenue 189,951 266,566 642,230 648,515
COST OF SERVICE REVENUE 69,259 25,250 207,744 138,379
GROSS PROFIT 120,693 241,316 434,486 510,136
EXPENSES        
Other General and Administration 437,873 293,187 1,345,576 886,965
Payroll Expense 259,011 191,399 727,494 338,533
Stock-Based Compensation 105,630 221,500 236,554 478,500
Research and Development 37,532 122,517 88,504 206,545
Total Expenses 840,046 828,603 2,398,128 1,910,543
OTHER INCOME (EXPENSE)        
Interest Income 35 265 288 1,137
Other Income 0 0 31,626 0
Loss on Investment in Joint Venture (3) (108) (105) (108)
Total Other Income (Expense) 32 157 31,809 1,029
LOSS BEFORE INCOME TAXES (719,320) (587,130) (1,931,833) (1,399,378)
Provision for income Taxes 0 0 0 0
Net Loss $ (719,320) $ (587,130) $ (1,931,833) $ (1,399,378)
Loss per Common Share - Basic and Diluted $ (0.11) $ (0.09) $ (0.31) $ (0.22)
Weighted Average Number of Shares Outstanding - Basic and Diluted 6,259,349 6,234,834 6,243,642 6,224,939