Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Operations (Unaudited)

v3.7.0.1
Condensed Statement of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Details        
Revenues $ 290,553 $ 93,824 $ 440,756 $ 452,279
COST OF REVENUE 111,412 30,904 185,946 138,485
GROSS PROFIT 179,141 62,920 254,810 313,794
EXPENSES:        
General and administrative expenses 594,193 480,697 1,237,988 876,185
Payroll Expense 300,661 252,895 677,282 468,484
Stock-Based Compensation 166,773 59,362 306,405 130,913
Research and Development 118,853 11,907 167,615 50,978
Total Expenses 1,180,480 804,861 2,389,290 1,526,560
Other Nonoperating Income (Expense)        
Interest Income 12,598 95 12,941 253
Other Income 0 0 152,068 0
Other Income-Decrease in fair value of derivative liabilities 0 0 93,206 0
Other Expense - Debt discount amortization 0 0 (56,441) 0
Nonoperating Income (Expense) 12,598 95 201,774 253
LOSS BEFORE PROVISION FOR INCOME TAXES (988,741) (741,846) (1,932,706) (1,212,513)
Provision for income Taxes 0 0 0 0
Net Income (Loss) $ (988,741) $ (741,846) $ (1,932,706) $ (1,212,513)
Basic and diluted net loss per common share $ (0.24) $ (0.24) $ (0.46) $ (0.38)
Basic and diluted weighted-average common shares outstanding 4,570,199 3,117,851 4,207,116 3,117,851