Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 14,938,964 $ 9,633,338 $ 39,883,099 $ 22,645,715
Cost of revenue 9,909,045 6,463,227 27,028,399 15,622,557
Gross margin 5,029,919 3,170,111 12,854,700 7,023,158
Operating expenses:        
General and administrative 2,190,003 1,558,930 8,165,415 3,729,530
Marketing and selling 1,383,965 996,495 3,758,901 2,567,984
Research and development 1,036,394 894,744 3,523,515 2,826,149
Total operating expenses 4,610,362 3,450,169 15,447,831 9,123,663
Income (loss) from operations 419,557 (280,058) (2,593,131) (2,100,505)
Other income (expense):        
Interest expense (52,182) (160) (111,463) (55,821)
Other income (expense), net 126,475 (25,519) 115,243 96,520
Total other income (expense), net 74,293 (25,679) 3,780 40,699
Income (loss) before income taxes 493,850 (305,737) (2,589,351) (2,059,806)
Benefit for income taxes (51,051) (1,447,561) (594,890) (674,809)
Net income (loss) 544,901 1,141,824 (1,994,461) (1,384,997)
Net loss attributable to noncontrolling interest   (139,466)   (369,047)
Net income (loss) attributable to common stockholders $ 544,901 $ 1,281,290 $ (1,994,461) $ (1,015,950)
Net income (loss) per share attributable to common stockholders:        
Basic $ 0.03 $ 0.10 $ (0.13) $ (0.08)
Diluted $ 0.03 $ 0.09 $ (0.13) $ (0.08)
Weighted average common shares outstanding:        
Basic 15,777,158 13,208,864 14,825,351 12,052,175
Diluted 16,390,206 14,549,354 14,825,351 12,052,175