Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net revenue $ 9,633,338 $ 6,660,614 $ 22,645,715 $ 20,485,376
Cost of revenue 6,463,227 4,669,947 15,622,557 13,770,177
Gross margin 3,170,111 1,990,667 7,023,158 6,715,199
Operating expenses:        
General and administrative 1,558,930 893,554 3,729,530 2,549,084
Marketing and selling 996,495 682,042 2,567,984 2,140,858
Research and development 894,744 551,070 2,826,149 1,744,053
Total operating expenses 3,450,169 2,126,666 9,123,663 6,433,995
(Loss) income from operations (280,058) (135,999) (2,100,505) 281,204
Other (expense) income:        
Interest expense (160) (51,645) (55,821) (144,157)
Other, net (25,519) 9,771 96,520 8,609
Total other (expense) income, net (25,679) (41,874) 40,699 (135,548)
(Loss) income before provision for income taxes (305,737) (177,873) (2,059,806) 145,656
(Benefit) provision for income taxes (1,447,561) 23,869 (674,809) 133,468
Net income (loss) 1,141,824 (201,742) (1,384,997) 12,188
Net loss attributable to noncontrolling interest (139,466) (82,582) (369,047) (205,108)
Net income (loss) attributable to common stockholders $ 1,281,290 $ (119,160) $ (1,015,950) $ 217,296
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.10 $ (0.02) $ (0.08) $ 0.04
Diluted $ 0.09 $ (0.02) $ (0.08) $ 0.02
Weighted average common shares outstanding:        
Basic 13,208,864 5,414,637 12,052,175 5,429,997
Diluted 14,549,354 5,414,637 12,052,175 9,540,490