Income Statement

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
REVENUES        
Hardware, installation and other revenues $ 578,807 $ 532,969 $ 1,468,844 $ 1,541,255
Software license/subscription revenues 868,555 730,577 2,551,284 2,139,768
Total Revenues 1,447,362 1,263,546 4,020,128 3,681,023
COST OF REVENUES        
Hardware and other costs 524,460 422,940 1,865,774 1,242,985
Software license/subscriptions 367,752 302,300 1,088,815 927,486
Total Cost of Revenues 892,212 725,240 2,954,589 2,170,471
GROSS PROFIT 555,150 538,306 1,065,539 1,510,552
OPERATING EXPENSES        
Research and development 558,155 316,116 1,461,015 1,261,283
Sales and marketing 1,505,958 563,213 4,275,366 1,378,402
General and administrative 1,127,896 577,143 3,232,870 1,595,760
Total Operating Expenses 3,192,009 1,456,472 8,969,251 4,235,445
LOSS FROM OPERATIONS (2,636,859) (918,166) (7,903,712) (2,724,893)
OTHER INCOME (EXPENSE)        
Interest income 1,307 6,957 3,169 6,957
Interest expense (29,574) 0 (78,646) (238,910)
Beneficial conversion expense 0 (598,255) 0 (598,254)
Total Other Income (Expense) (28,267) (591,298) (75,477) (830,207)
NET LOSS BEFORE INCOME TAXES (2,665,126) (1,509,464) (7,979,189) (3,555,100)
INCOME TAXES 0 0 0 0
NET LOSS (2,665,126) (1,509,464) (7,979,189) (3,555,100)
Series B preferred stock dividend 0 (8,091) 0 (26,034)
Accretion of beneficial conversion feature on preferred shares dividends issued in kind 0 (18,375) 0 (52,500)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,665,126) $ (1,535,930) $ (7,979,189) $ (3,633,634)
LOSS PER COMMON SHARE - BASIC & DILUTED (in Dollars per share) $ (0.30) $ (0.38) $ (0.91) $ (0.89)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED (in Shares) 8,889,264 4,061,464 8,748,550 4,053,557

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